# Fertiglobe Reports Q2 2023 Results Highlighting Strong Performance

> Fertiglobe reported Q2 2023 revenue of $552 million and adjusted EBITDA of $218 million, with H1 dividends of at least $250 million planned. The company said nitrogen prices bottomed in Q2 and are rebounding, with Egypt urea up about 60% from June lows on tight supply and record low inventories.

- Date: 2023-08-02 · published 2023-08-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/34904-fertiglobe-reports-q2-2023-results-highlighting-strong-performance
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md)

## Why it matters

A tight nitrogen supply and rebounding urea prices raise fertilizer costs for grain producers, supporting feed grain prices.

## Read by commodity

- CORN: bullish ▲
- WHEAT: bullish ▲

## Sources

- fertiglobe.com: https://fertiglobe.com/fertiglobe-reports-q2-2023-results/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.