K+S beats Q2 revenue expectation, narrows EBITDA outlook
Aug 14 (Reuters) -German potash and salt miner K+S SDFGn.DE beat revenue expectations on Wednesday as it released its second quarter results, helped by higher volume sales in its agricultural segment.
The firm reported a quarterly revenue of 874 million euros ($960.61 million), 5% above analysts' expectations of 831.7 million euros according to a consensus compiled by Vara research.
K+S also narrowed its range regarding its 2024 outlook for earnings before interest, taxes, depreciation and amortization (EBITDA), seeing it between 530-620 million euros, from a previously expected 500-650 million euros.
($1 = 0.9098 euros)
Reporting by Tristan Veyet and Chiara Holzhaeuser in Gdansk; Editing by Muralikumar Anantharaman
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