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K+S reported third-quarter 2018 revenues up about 16% on higher potash volumes from its new Canadian mine and higher potash and magnesium prices. EBITDA fell to €36 million from €77 million because of weather-related stoppages at Werra and higher freight costs from the German drought.
The company adjusted its 2018 EBITDA guidance to €570–630 million.
Higher potash prices and continued demand growth support the market, but drought-driven freight and output constraints in Germany show weather can tighten logistics and supply.
kpluss.comNov 15, 2018Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
