Yara International ASA : Yara reports strong second-quarter results with
Oslo (2013-07-19): Yara International ASA delivered strong second-quarter
results, with a 21% increase in fertilizer deliveries, partially offsetting
the negative development in commodity fertilizer prices. Global urea prices
declined almost 30%, while value-added fertilizer prices were broadly in line
with a year ago.
"Yara reports a strong second quarter with record deliveries," said Jørgen Ole
Haslestad, President and Chief Executive Officer in Yara.
"While we have seen a considerable price decline for urea - almost 30% - our
value-added product prices are broadly in line with a year ago, as continued
strong food prices motivate farmers to optimize productivity with
higher-efficiency fertilizer," said Jørgen Ole Haslestad.
Yara reports second-quarter net income after non-controlling interests of NOK
1,865 million (NOK 6.68 per share), compared with NOK 2,787 million (NOK 9.82
per share) a year earlier. Excluding net foreign exchange loss and special
items, the result was NOK 7.98 per share compared with NOK 10.80 per share in
second quarter 2012. Second-quarter EBITDA excluding special items was NOK
4,066 million compared with NOK 5,194 million a year earlier.
Yara fertilizer deliveries increased for all main product groups. Urea sales
increased by 42%, reflecting higher sales of Qafco urea primarily in Brazil
and North America, but also in the Mediterranean region. Compound NPK saw
continued strong demand, and deliveries were up 30% with strong European and
Asian core market growth. Nitrate deliveries were 14% above last year, mainly
reflecting higher European sales.
Second-quarter nitrogen fertilizer industry deliveries in Europe were up 14%
reflecting strong demand for immediate consumption, following poor weather in
March. The European nitrogen fertilizer industry enters the 2013/14 season in
Europe with lower stocks, in Yara's case 19% lower than a year ago. European
farm margins remain strong, with somewhat lower cereal prices but
significantly higher dairy prices than a year ago.
Link to report and presentation:
Link to webcast 19 July at 09:30 CEST:
Thor Giæver, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 48 07 53 56
Bernhard Stormyr, Corporate Communications
Cellular (+47) 90 10 76 85
Yara delivers solutions for sustainable agriculture and the environment. Our
fertilizers and crop nutrition programs help produce the food required for the
growing world population. Our industrial products and solutions reduce
emissions, improve air quality and support safe and efficient operations.
Founded in Norway in 1905, Yara has a worldwide presence with sales to 150
countries. Safety is always our top priority.
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
2Q 2013 Presentation
2Q 2013 Report
This announcement is distributed by Thomson Reuters on behalf of Thomson
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
information contained therein.
Source: Yara International ASA via Thomson Reuters ONE
Press spacebar to pause and continue. Press esc to stop.