euro adhoc: K+S Aktiengesellschaft / Quarterly or Semiannual Financial Statements / Half year revenues rise 11% to EUR 1,387 million / At EUR 108.8 million, EBIT up about 26% / Half year earnings per share EUR 2.14 (up 19%) / Forecast raised substantially (E)

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Second quarter revenues rose by 19% to EUR 626.4 million. In addition to business developing favourably, especially in the case of potash and magnesium products, the first-time consolidation of all of esco contributed to the increase. EBIT for the reporting period surged by 68%. All business segments with the exception of COMPO succeeded in posting better results. Earnings after taxes for the quarter rose by 27% to EUR 25.5 million, or by EUR 0.60 per share (up 25%).

Revenues for the first six months rose by 11% to EUR 1,387.0 million. About half the increase is attributable to the acquisition of the remaining 38% of esco. EBIT totalled EUR 108.8 million (up 26%) and earnings after taxes for the first half of the year rose by 22% to EUR 91.0 million. K+S therefore generated earnings of EUR 2.14 per share (H1 2003: EUR 1.80 EUR/share).

Given that global demand for potash and magnesium products remains robust and as a result of the extensive measures that have been implemented to enhance efficiency, K+S expects to see strong revenue growth as well as a significant rise in earnings for 2004. K+S is also very confident about 2005.

Further inquiry note:
Christian Herrmann
Tel.: +49 (0)561 9301 1460
Tel: +49 (0)561 9301 1687
FAX: +49 (0)561 9301 2425

Emittent: K+S Aktiengesellschaft Bertha-von-Suttner-Straße 7 DE-34111 Kassel Tel: +49 (0)561 9301 1687 FAX: +49 (0)561 9301 2425 Email: WWW: ISIN: DE0007162000 WKN: 716200

end of announcement euro adhoc

Indizes: CDAX, Classic All Share, HDAX, MDAX, Midcap Market Index, Prime All Share, Prime Standard
Börsen: official dealing Niedersächsische Börse zu Hannover, Berliner Wertpapierbörse, Bayerische Börse, Hamburger Wertpapierbörse, Börse Düsseldorf, Baden-Württembergische Wertpapierbörse, Frankfurter Wertpapierbörse; regulated dealing Bremer Wertpapierbörse (BWB)
Branche: Chemicals
Sprache: Englisch