Yara International ASA well positioned for further value creation
Oslo, 1 March 2016: Yara International ASA today meets with investors and analysts for Yara's Capital Markets Day to present market prospects, segment strategies, improvement activities and financial scenarios.
"Yara's return on investment demonstrates the value creation and robustness of its business model. But although we have delivered strong results, we cannot rest on our laurels", says Svein Tore Holsether, President and Chief Executive Officer of Yara.
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 run rate scenario reflecting current market prices translates into an estimated Earnings Per Share (EPS) of NOK 35. A full-cost scenario reflecting recently observable plant construction and production costs indicates a urea price around 300 USD/t which translates into an estimated Earnings Per Share (EPS) of NOK 57. Adding Yara's committed growth adds an additional estimated 6 NOK per share by 2018, or 7 NOK per share under the full-cost urea scenario.
"We believe growth is key to creating further shareholder value, and sustain and grow our competitive edge. Also, improving our relative cost position and productivity is a key priority. During the next six months we will establish a Corporate Improvement Program, consisting of several initiatives aimed at reducing cost and increasing efficiency", says Svein Tore Holsether, President and Chief Executive Officer of Yara.
Link to Yara Capital Markets Day presentation material:
http://yara.com/investor_relations/financial_webcasts/capital_markets_day_2016/
The webcast of Yara's Capital Markets Day will start 01 March 2016 at 08:30 CET.
Contact
Thor Giæver, Investor Relations
Mobile: (+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
About Yara
Yara's knowledge, products and solutions grow farmers', distributors' and industrial customers' businesses profitably and responsibly, while nurturing and protecting the earth's resources, food and environment.
Our fertilizers, crop nutrition programs and technologies increase yields, improve product quality and reduce the environmental impact of agricultural practices. Our industrial and environmental solutions improve air quality by reducing emissions from industry and transportation, and serve as key ingredients in the production of a wide range of goods. We foster a culture that promotes the safety of our employees, contractors and societies.
Founded in 1905 to solve emerging famine in Europe, today, Yara has a worldwide presence, with close to 13,000 employees and sales to more than 150 countries.
www.yara.com
This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Yara International ASA via Globenewswire