K+S Aktiengesellschaft (OTCQX:KPLUY) Q4 2024 Results Conference Call March 13, 2025 8:00 AM ET
Company Participants
Julia Bock – Head of Investor Relations
Burkhard Lohr – Chief Executive Officer
Jens Keuthen – Member of the Board of Executive Directors
Christian Meyer – Chief Financial Officer
Conference Call Participants
Aron Ceccarelli – Berenberg
Christian Faitz – Kepler Cheuvreux
Konstantin Wiechert – Baader
Michael Schaefer – ODDO
Axel Herlinghaus – DZ Bank
Joel Jackson – BMO
Tristan Lamotte – Deutsche Bank
Angelina Glazova – J.P. Morgan
Lisa De Neve – Morgan Stanley
Julia Bock
Ladies and gentlemen, welcome to the K+S Full Year 2024 Earnings Call. We hope you had a chance to review our posted slides as well as our documents available on our website. After some opening remarks by Dr. Lohr, we will directly jump into Q&A.
Some technical notes. Please refer to our disclaimer on Page 2 of the presentation. Then a note on data privacy. Please note that the team session will be recorded, webcasted and be available as a replay on our homepage afterwards. People asking a question in the Team session have to be aware that by turning on the camera and microphone, they give consent to saving and replaying video and audio sequences.
Now I would like to turn over to Dr. Lohr for the opening remarks.
Burkhard Lohr
Thank you, Julia. Ladies and gentlemen, a warm welcome from the 3 of us as well. Despite the challenging environment of low potash prices, we have successfully demonstrated that we are on track. At €62 million, free cash flow was better than expected. EBITDA reached €558 million. Again, we benefited from our global positioning and our strong specialties business. For the full year 2025, we expect EBITDA to range between €500 million and €620 million. This translates into a midpoint at about the level of 2024.
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