Homepage  Homepage     Search on site  Search on site     To write the letter  To write the letter     Site map  Site map
Agro Perspectiva
We are on: 
   
 


Home > News

Yara. Second-quarter operating income was USD 335 million

17.07.2020 13:05 "Agro Perspectiva" (Kyiv) Yaras second-quarter EBITDA excluding special items was up 8% compared with a year earlier, mainly driven by improved margins and lower fixed cost. Net income after non-controlling interests was USD 223 million (USD 0.83 per share), compared with USD 230 million (USD 0.84 per share) a year earlier. Excluding currency effects and special items, the result was USD 1.06 per share compared with USD 0.77 per share in second quarter 2019.

Second-quarter operating income was USD 335 million, up from USD 266 million a year earlier. Second-quarter EBITDA excluding special items was USD 588 million, up from USD 546 million a year earlier.

«Yara delivers improved results, with second-quarter EBITDA excluding special items up 8%. I am pleased to see the Yara organization continuing to perform well in a demanding environment,» said Svein Tore Holsether, President and Chief Executive Officer of Yara.

«Our cash flow also continued to improve, with more than one billion US dollars of free cash flow generated over the last four quarters, and completion of the Qafco transaction expected within 2–3 weeks. We will initiate a buyback of 5% of Yaras share capital upon completion and receipt of the Qafco proceeds,» said Holsether.

Sales and Marketing deliveries were down 2% compared with a year earlier, with lower volumes in Europe due to early spring phasing of deliveries, partly offset by higher deliveries in Brazil. The overall margin development was positive compared to a year earlier. New Business deliveries were 34% lower, as Covid-19 impacted the Maritime business and industrial nitrogen demand. Yaras ammonia production was down 14% and finished fertilizer production was down 7% compared to a year earlier, mainly due to the closure of the Trinidad plant and reclassification of Qafco.

Yaras market environment is in a positive trend overall, with a broadly stable global grain balance and receding urea supply pressure. Fertilizer and food demand is resilient also in times of crisis, and ensuring continuity in food production and related value chains remains a top priority for all countries. Nitrogen fertilizer markets are robust, with normal planting and application in the Northern hemisphere and strong demand from Brazil ahead of the Southern hemisphere main season. Yaras industrial business has seen weaker demand in second quarter, but with improvement towards the end of the quarter.

Agro Perspectiva

< Bulgarias 2019 broiler production expanded by two percent over 2018 All news for
17.07.2020
Kernel oil-extraction plants processed 916 thousand tons of sunflower seeds in Q4 FY2020 >

26.01.2021  
17:10 Economy Ministry announces market agreement to limit corn export from Ukraine in 2020/2021 MY to 24 mln tonnes
13:33 China Lowers Applied MFN Tariff Rates and Revises Out of Quota TRQ Rates
21.01.2021  
11:28 Ukraine plans to return to sending IMF borrowing into NBU FX reserves by 2023 Finance minister
09:15 Honey exports from Ukraine increase in monetary terms by 27.2% in 2020
20.01.2021  
21:25 Agricultural production in Ukraine falls by 11.5% in 2020 statistics
21:17 Ukraine increases imports of chocolate by 25.7%, coffee by 15.4% in 2020
13.01.2021  
17:25 China Demand and Global Supply Concerns Drive U.S. Soybean Price Higher
16:30 China Meat Consumption Expected to Rebound in 2021
10:50 Despite Grain Export Restrictions, Russia to Reclaim Top Wheat Export Position
31.12.2020  
16:37 2020 in review: Focus on staff well-being drives FAO forward
15:36 Sustainabilitys influence on chocolate purchase decisions continues to grow, Cargill study finds
13:35 Malaysia. Palm oil (CPO) production forecast - 19.6 million MT
28.12.2020  
15:09 Serbias total area wheat crop is estimated at 600,000 ha
14:10 India. Winter temperatures this coming December through February, along with precipitation will be critical
24.12.2020  
17:15 Make #NotWasting food a personal resolution
16:15 Two cases of HPAI on duck farms in France threatening the foie gras industry
22.12.2020  
21:25 Philip Morris files suit against Ukraine in intl investment arbitration due to AMCU penalty
21:00 FAO moves to scale up response to Fall Armyworm as pest continues to spread
17.12.2020  
17:15 Global Environment Facility approves over $78 million to support FAO-led projects
16:38 Desert Locust upsurge continues to threaten food security in Horn of Africa and Yemen despite intense efforts
11.12.2020  
15:55 India Tariff Cut Boosts Palm Oil Imports
13:31 Global Wheat Prices Supported by Record Global Imports
08.12.2020  
13:00 Jose Carlos Corral Montilla appointed to Managing Director of BTC Europe
12:10 Chile. Avocado exports will reach 145,000 MT, assuming planted area and productivity remain unchanged
07.12.2020  
15:30 Cargill, IFPEN and Axens collaborate to advance lactic-to-acrylic-acid technology
04.12.2020  
14:15 World 2020 cereal production forecast reduced further
13:50 FAO Food Price Index rises sharply
13:25 EBRD supports Ukrainian pet food producer Kormotech
03.12.2020  
16:10 Thailand: Rice export prices increased 1-3 percent
16:05 FAO and partners advocate for inclusive food systems to combat rural poverty
01.12.2020  
14:05 Draft state budget for 2021 submitted to Rada for consideration at second reading
30.11.2020  
15:10 Belgian Regains African Swine Fever-Free Status
29.11.2020  
01:20 HPAI Detected in Commercial Turkey Flock in Sweden
25.11.2020  
13:50 Poland has been the EUs largest turkey meat producer since 2017
12:01 Global 2020/21 Sugar Production is Estimated Higher United States, India, and Brazil Up 10 to 40 Percent
10:50 HPAI Detected in Commercial Flock in Denmark
23.11.2020  
17:10 FAO urges G20 to support farmers, protect the vulnerable and invest in innovation
18.11.2020  
17:00 Decline of Ukraine's GDP slows to 3.5% in Q3, 2020 statistics
16:35 Bulgarian grain trading has been slower than the previous season
12.11.2020  
12:21 Bosch and BASF establish joint venture for digital technologies in the agricultural sector
08:50 Lower Sunflower Seed Production in Ukraine and Russia Tightens Global Oilseed Supplies
10.11.2020  
17:00 Global almond production for 2020/21 is forecast 15 percent higher to 1.7 MMT
09.11.2020  
10:48 Despite a cut in world cereal production, this years forecast output remains an all-time high
08.11.2020  
14:50 Global food prices continue rising in October
05.11.2020  
12:15 BASF and TECNALIA accelerate R&D of new crop protection products through digitalization
03.11.2020  
17:00 Scrapie Identified in Sheep in Iceland
16:35 National budget receipts target met by 109.8% in Oct Treasury
28.10.2020  
17:00 European Bank for Reconstruction and Development and FAO approve COVID-19 technical support package
16:45 2020 EU milk deliveries will grow by one percent
27.10.2020  
16:41 Pork. Global productionisforecast 4 percent higher in 2021 due to rebounding output in countries affected by ASF

Also available: 

Agrarian Week in digital



READ ON-LINE




NewsNews - News - News - News - News - News
BriefWeekly Reports - Free article
SubscriptionTariff - News&Reports
AdvertisingMagazine - Site
ConferencesForum AGRO-2013 - DAIRY WORLD-2008 - FERTILIZERS-2010
Statistics
For our clientsAgroNewsDaily - Ukrainian Grain&Oilseed Market - Fertilizers - Milk Monthly - Milk Weekly
About usAbout project - Contact
2002 -2021 © Agrarika, ltd.
tel.: +380 44 4868119; +380 44 5934540
e-mail: client@agroperspectiva.com