Yara reports strong second-quarter results with improved margins

Oslo, 18 July 2014: Yara International ASA delivered strong second-quarter
results, with improved European commodity margins due to lower gas price. The
results were impacted by lower nitrate deliveries, but NPK deliveries and value-
added premiums remained strong.

"Yara reports a strong second-quarter result as margin improvements more than
offset the volume impact of an earlier end to the season in Europe," said Jørgen
Ole Haslestad, President and Chief Executive Officer in Yara.

"Our NPK business continues to perform well, and I am pleased to announce a
250,000 ton expansion of NPK capacity in Uusikaupunki, Finland, for completion
by end 2015," said Jørgen Ole Haslestad.

Yara reports second-quarter net income after non-controlling interests of NOK
2,285 million (NOK 8.26 per share), compared with NOK 1,867 million (NOK 6.69
per share) a year earlier. Excluding net foreign exchange gain and special
items, the result was NOK 7.74 per share compared with NOK 7.97 per share in
second quarter 2013. Second-quarter EBITDA excluding special items was NOK
4,185 million compared with NOK 4,103 million a year earlier.

Global Yara fertilizer deliveries were up 2% on second quarter last year.
Excluding volumes to Brazil, global Yara fertilizer deliveries were down 17%,
mainly due to lower nitrate and NPK deliveries in Europe, after a record first
quarter reduced stocks ahead of second quarter. Industrial sales volumes
increased by 6% compared with second quarter 2013, including a 29% increase for
Air1.

Yara's average realized urea prices were 9% lower than in second quarter 2013.
Realized nitrate prices were up 5%, increasing upgrade margins. NPK compound
prices were in line with last year, improving the premium over commodity
nutrient values. Industrial margins increased for all main product groups except
technical ammonium nitrate.

Second-quarter nitrogen fertilizer industry deliveries in Western Europe were
down 8% from last year, as consumption finished sooner following an early
spring. However, industry deliveries were up 2% overall for the season ending
30 June 2014, and so far in July Yara's European deliveries are in line with a
year earlier.

Lower European natural gas prices have improved the relative competitiveness of
Yara's European ammonia/urea plants. Based on current forward markets Yara's
second-half European energy costs are expected to be NOK 1.65 billion lower than
a year earlier.

Link to report and presentation:
http://www.yara.com/investor_relations/quarterly_report/index.aspx

Link to webcast 18 July at 09:30 CEST:
http://www.yara.com/investor_relations/financial_webcasts/index.aspx


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.


2Q 2014 Presentation:
http://hugin.info/134793/R/1829372/634621.pdf

2Q 2014 Report:
http://hugin.info/134793/R/1829372/634620.pdf



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Source: Yara International ASA via GlobeNewswire
[HUG#1829372]