Yara well positioned in an attractive market
(Thomson Reuters ONE) -
Oslo (2011-12-06): Yara International ASA today meets with investors and
analysts for Yara's Capital Markets Day to present market prospects and Yara's
differentiated position and growth opportunities.
"Farmer margins have expanded significantly over recent years, and fertilizer
demand is strong in all regions where application is on-going. Global grain
consumption continues to grow steadily, while production of grains is struggling
to keep up with consumption, even when price incentives are at record levels.
The global grain stocks-to-use ratio has declined significantly over the past
decade, pointing to a strong need to increase agricultural productivity. Yara
aims to create sustainable competitive advantage as a leader in the agricultural
sector, and has the strategies, products and knowledge to deliver better yields
everywhere it operates", says President and CEO Jørgen Ole Haslestad.
Yara presents new scenarios for future earnings at the Capital Markets Day. The
scenarios are not a prediction of future results, but are "what if" examples
based on selected fertilizer and energy price scenarios. The earnings reflect
the current business portfolio including on-going expansion investments.
A supply-driven market where China is the highest-cost exporter translates into
an estimated Earnings Per Share (EPS) of NOK 28. Continued growth in food demand
and the need for improved agricultural productivity increase the probability of
a continued tight fertilizer market. A demand-driven scenario with USD 150 per
ton urea margins yields an estimated EPS of NOK 55.
"Profitable growth initiatives represent a significant share of Yara's value
generation to date. Strong shareholder value generation remains a firm pre-
requisite for our growth strategy going forward. With profitability through
synergies and well-timed execution as pre-requisites, Yara believes an 8 million
ton increase in own-produced and joint venture product sales from 2010 to 2016
is realistic. From 2006 to 2010 we achieved almost 3.5 million tons growth with
a significantly lower cash flow and financial capacity", says President and CEO
Jørgen Ole Haslestad.
Link to Yara Capital Markets Day presentation
material:http://www.yara.com/investor_relations/reports_presentations/index.aspx
Link to webcast of Yara's Capital Markets Day 6 December 2011 08:30 CET:
Part 1:http://media01.smartcom.no/Microsite/start.aspx?eventid=6485
Part 2:http://media01.smartcom.no/Microsite/start.aspx?eventid=6487
Contact
Thor Giæver, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 48 07 53 56
E-mailthor.giaver(at)yara.com
Esben Tuman, Media Relations
Cellular (+47) 90 50 84 00
E-mailesben.tuman(at)yara.com
Yara International ASA is the world's leading chemical company that converts
energy, natural minerals and nitrogen from the air into essential products for
farmers and industrial customers. As the number one global supplier of mineral
fertilizers, we help provide food for a growing world population. Our industrial
product portfolio includes environmental protection agents that prevent air
pollution. Yara's global workforce of 7,300 employees represents the great
diversity and knowledge that enables Yara to remain a leading performer in the
industry.
www.yara.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Yara International ASA via Thomson Reuters ONE
[HUG#1569071]
Unternehmensinformation / Kurzprofil:
Datum: 06.12.2011 - 07:03 Uhr
Sprache: Deutsch
News-ID 94203
Anzahl Zeichen: 4380
contact information:
Town:
Oslo
Kategorie:
Business News
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"Yara well positioned in an attractive market"
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