Yara well positioned for profitable growth
analysts for Yara's Capital Markets Day to present market prospects, Yara's
differentiated position and growth opportunities, and financial scenarios.
"Yara continues to deliver a strong return on investment. Commodity fertilizer
prices have fallen during the last year, but our differentiated and
geographically diverse business reduces exposure to commodity margin swings.
Improving knowledge of Yara's differentiated and flexible business is a key
focus area for today's presentation", says President and CEO Jørgen Ole
Haslestad.
Yara presents new scenarios for future earnings at the Capital Markets Day. The
scenarios are not a prediction of future results, but are "what if" examples
based on selected fertilizer and energy price scenarios and Yara's current
business.
A supply-driven market with a low Chinese urea export tax translates into an
estimated Earnings Per Share (EPS) of NOK 19 based on current estimated domestic
costs and zero margins, with an EPS of NOK 29 during the high export tax period.
A demand-driven scenario with USD 150 per ton urea margins yields an estimated
EPS of NOK 54.
"Yara's balance sheet is strong, reflecting the strength of our business and a
deliberate effort to build financial flexibility for growth execution. Yara will
continue to use its financial flexibility both to realize well-timed profitable
growth, and to return cash to shareholders in line with its policy", says
President and CEO Jørgen Ole Haslestad.
Link to Yara Capital Markets Day presentation material:
http://www.yara.com/investor_relations/financial_webcasts/index.aspx
The webcast of Yara's Capital Markets Day will start 26 November 2013 at 08:30
CET.
Contact
Thor Giæver, Investor Relations
Telephone (+47) 24 15 72 95
Cellular (+47) 48 07 53 56
E-mail thor.giaver@yara.com
Esben Tuman, Media Relations
Cellular (+47) 90 50 84 00
E-mail esben.tuman@yara.com
Yara delivers solutions for sustainable agriculture and the environment. Our
fertilizers and crop nutrition programs help produce the food required for the
growing world population. Our industrial products and solutions reduce
emissions, improve air quality and support safe and efficient operations.
Founded in Norway in 1905, Yara has a worldwide presence with sales to 150
countries. Safety is always our top priority.
www.yara.com
This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.
This announcement is distributed by GlobeNewswire on behalf of
GlobeNewswire clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Yara International ASA via GlobeNewswire
[HUG#1745703]