Key Facts
Here you will find the most important financial facts about our company. These include our key financial figures, the outlook for the current business year, and the key figures for agriculture and industry+ customer segments.
K+S Key Facts¹
The K+S Key Facts contain the business figures for the last five years. Unless otherwise stated, the figures from 2021 onwards relate tocontinuing operations of the K+S Group.
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| 2023 | 2022 | 202113 | 2020 | 2019 | ||
|---|---|---|---|---|---|---|
| Profit and Loss | ||||||
| Revenues | m€ | 3,872.6 | 5,676.6 | 3,213.1 | 3,698.4 | 4,070.7 |
| Earnings before interest, taxes, depreciation, and amortization (EBITDA)2 | m€ | 712.4 | 2,422.9 | 1,067.3 | 444.8 | 640.4 |
| EBITDA-Margin | % | 18.4 | 42.7 | 33.2 | 12.0 | 15.7 |
| Depreciation3 | m€ | 456.1 | 443.8 | 292.5 | 404.9 | 431.9 |
| Group earnings, adjusted 4 | m€ | 161.9 | 1,494.0 | 2,182.4 | -1,802.5 | 77.8 |
| Earnings per share, adjusted 4 | € | 0.86 | 7.81 | 11.40 | -9.42 | 0.41 |
| Cash flow | ||||||
| Operating cash flow | m€ | 821.6 | 1,393.7 | 347.2 | 428.5 | 639.8 |
| Capital expenditure5 | m€ | 525.3 | 403.8 | 334.3 | 526.0 | 493.3 |
| Adjusted free cash flow | m€ | 311.2 | 932.0 | 92.7 | -42.2 | 139.7 |
| Balance sheet | ||||||
| Balance sheet total | m€ | 9,473.8 | 9,890.0 | 8,724.3 | 8,387.4 | 10,592.2 |
| Equity | m€ | 6,503.1 | 6,720.0 | 5,259.2 | 2,222.6 | 4,495.1 |
| Equity ratio | % | 68.6 | 67.9 | 60.3 | 26.5 | 42.4 |
| Net financial liabilities (-)/net asset position (+) as of Dec. 31 6 | m€ | +125.0 | +244.9 | -606.3 | -3,217.4 | -3,116.6 |
| Debt ratio (Net financial liabilities/EBITDA)6, 7 | x-times | - | - | 0.6 | 7.2 | 4.9 |
| Working capital | m€ | 1,135.5 | 1,303.6 | 647.4 | 747.4 | 1,037.9 |
| Return on Capital Employed (ROCE) | % | 3.2 | 25.7 | 42.9 | -22.8 | 2.3 |
| Employees | ||||||
| Employees as of Dec. 31 8 | number | 11,447 | 11,097 | 10,711 | 14,732 | 14,868 |
| Average number of employees8 | number | 11,256 | 10,881 | 10,776 | 14,758 | 14,693 |
| Share | ||||||
| Book value per share | € | 36.3 | 35.1 | 27.5 | 11.6 | 23.5 |
| Dividend per share 9, 10 | € | 0.70 | 1.00 | 0.20 | - | 0.04 |
| Dividend yield 9, 10 | % | 4.9 | 5.4 | 1.3 | - | 1.3 |
| Closing price as of Dec. 31 | Xetra, € | 14.31 | 18.38 | 15.19 | 7.79 | 11.12 |
| Market capitalization | b€ | 2.6 | 3.5 | 2.9 | 1.5 | 2.1 |
| Enterprise value as of Dec. 31 | b€ | 3.8 | 4.4 | 4.7 | 6.1 | 6.7 |
| Shares outstanding on Dec. 31 11 | million | 179.1 | 191.4 | 191.4 | 191.4 | 191.4 |
| Average number of shares12 | million | 187.3 | 191.4 | 191.4 | 191.4 | 191.4 |
1 The figures relate to the continuing and discontinued operations of the K+S Group for the years 2019 and 2020. From 2021 onwards, the information relates to the continuing operations of the K+S Group.
2 EBITDA is defined as earnings before income taxes, interest, depreciation and amortization, adjusted for the amortization amount recognized directly in equity in connection with own work capitalized, the result of changes in the fair value of operating forecast hedges still outstanding, and changes in the fair value of operating forecast hedges recognized in prior periods.
3 Relates to depreciation and amortization of property, plant, and equipment and intangible assets and of investments accounted for using the equity method, adjusted for the amount of depreciation and amortization recognized directly in equity in connection with own work capitalized.
4 The adjusted key figures include the gains/losses from operating anticipatory hedges for the respective reporting period; effects from changes in the fair value of hedges are eliminated. In addition, related effects on deferred and cash taxes are adjusted; tax rate 2023: 30.2% (2022: 30.2%).
5 Relates to cash-effective investments in property, plant, and equipment and intangible assets, taking into account reimbursement claims from subsequent claims management, excluding lease additions in accordance with IFRS 16.
6 Lease liabilities explicitly resulting from finance leasecontracts concluded are included.
7 There are no net financial liabilities as of December 31, 2022.
8 FTE: Full-time equivalents; part-time positions are weighted according to their respectiveshare of working hours.
9 In 2019, the dividend proposal was adjusted from the previous €0.15 to the minimum dividend to maintain eligibility for KfW funding. In 2022, the Board of Executive Directors and Supervisory Board have resolved to buy back own shares to the equivalent of up to around €1 per share resp. up to €200 million in total and subsequently cancel them in addition to the dividend of €1.00 per share.
10 In 2023, the figure corresponds to the proposed dividend.
11 Total number of shares after deduction of the number of own shares held by K+S on the reporting date.
12 Total number of shares less the average number of own shares held by K+S.
13 The year 2021 has been adjusted. See information on changes in accounting policies, restatement of prior-year figures, and balance sheet structures in the 2022 Annual Report on page 185.
Key figures of the business segments
Key figures for the Agriculture customer segment
The figures relate to the continuing operations of the K+S Group.
We help farmers secure the world's food supply.
| Q1/2023 | Q2/2023 | Q3/2023 | Q4/2023 | FY/2023 | Q1/2024 | Q2/2024 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | € million | 861.4 | 557.0 | 620.7 | 682.2 | 2,721.3 | 679.9 | 615.9 |
| Sales volumes | million tonnes | 1.73 | 1.67 | 1.87 | 2.04 | 7.31 | 2.02 | 1.97 |
| thereof trade goods | million tonnes | 0.01 | 0.04 | 0.03 | 0.03 | 0.11 | 0.04 | 0.13 |
| Revenues by region | ||||||||
| Revenues Europe | € million | 340.1 | 231.9 | 300.1 | 330.8 | 1,202.9 | 344.7 | 270.5 |
| Revenues overseas | USD million | 559.3 | 353.9 | 349.0 | 377.8 | 1,640.0 | 364.0 | 371.9 |
| Sales by region | ||||||||
| Sales Europe | million tonnes | 0.62 | 0.59 | 0.86 | 0.90 | 2.97 | 0.95 | 0.79 |
| Sales overseas | million tonnes | 1.11 | 1.08 | 1.01 | 1.14 | 4.34 | 1.07 | 1.18 |
Key figures of the business segments
Key figures for the Industry+ customer segment
The figures relate to the continuing operations of the K+S Group.
We offer solutions that keep industries running.
| Q1/2023 | Q2/2023 | Q3/2023 | Q4/2023 | FY/2023 | Q1/2024 | Q2/2024 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | € million | 330.6 | 268.7 | 260.1 | 291.9 | 1,151.3 | 308.1 | 257.9 |
| Sales volumes | million tonnes | 1.79 | 1.39 | 1.55 | 1.89 | 6.62 | 1.85 | 1.47 |
| thereof de-icing salt | million tonnes | 0.59 | 0.32 | 0.44 | 0.75 | 2.10 | 0.72 | 0.31 |
Outlook
Our expectation for 2024
Development of forecasts for the whole year: Expected earnings development, financial position and planned capital expenditure of the continuing operations of the K+S Group.
| K+S Group | ACTUAL 2023 | 2024 Forecast in 2023 Annual Report | 2024 Forecast in Q1/2024 | 2024 Forecast in Q2/2024 | |
|---|---|---|---|---|---|
| EBITDA 1 | € million | 712.4 | 500 to 650 | 500 to 650 | 530 to 620 |
| Capital expenditure (CapEx) 2 | € million | 525.3 | about 550 | about 550 | about 550 |
| Group earnings after tax, adjusted, excl. impairment effects 3 | € million | 161.9 | double-digit million euro amount in the midpoint of the EBITDA range | double-digit million euro amount in the midpoint of the EBITDA range | double-digit million euro amount in the midpoint of the EBITDA range |
| Adjusted free cash flow | € million | 311.2 | at least break-even | at least break-even | at least break-even |
| Net financial liabilities (-)/net asset position (+) | € million | +125.0 | roughly balanced | roughly balanced | roughly balanced |
| ROCE, excl. impairment effects | % | 3.2 | low single-digit percentage in the midpoint of the EBITDA range | low single-digit percentage in the midpoint of the EBITDA range | low single-digit percentage in the midpoint of the EBITDA range |
| EUR/USD exchange rate for remaining months | EUR/USD exchange rate | 1.08 | 1.11 | 1.10 | 1.10 |
| Sales volumes customer Segment Agriculture (excluding trade goods) | million tonnes | 7.3 | 7.3 to 7.6 | 7.3 to 7.6 | 7.4 to 7.7 |
| Average price in Agriculture customer Segment in the full year | €/t | 372.1 | moderately to tangibly below Q4/23 (334) | moderately to tangibly below Q1/24 (336) | at about the level of Q2/24 (313) |
| Sales volumes de-icing salt | million tonnes | 2.1 | a good 2 | a good 2 | about 2 |
1 EBITDA is defined as earnings before income taxes, interest, depreciation and amortization, adjusted for the amortization amount recognized directly in equity in connection with own work capitalized, the result of changes in the fair value of operating forecast hedges still outstanding, and changes in the fair value of operating forecast hedges recognized in prior periods.
2 Relates to cash payments for investments in property, plant, and equipment and intangible assets, excluding leases in accordance with IFRS 16.
3 The adjusted key figures include the gains/losses from anticipatory forecast hedges for the respective reporting period; effects from changes in the fair value of hedges are eliminated. The effects on deferred and cash taxes are also adjusted; tax rate 2023: 30.2%.
Contact
Investor Relations
julia.bockno-spam@no-spamk-plus-s.com
Julia Bock
Head of Investor Relations
Investor RelationsK+S Aktiengesellschaft
+49 561 9301 1009+49 561 9301 2425
nathalie.frostno-spam@no-spamk-plus-s.com
Nathalie Frost
Senior Investor Relations Manager
Investor RelationsK+S Aktiengesellschaft
+49 561 9301 1403+49 561 9301 2425
