Yara reports strong second-quarter results

Yara International ASA reports strong second-quarter results, primarily
reflecting a significant margin improvement compared with last year.

Yara reports second-quarter net income after non-controlling interests of NOK
2,225 million (NOK 7.73 per share), compared with NOK 3,716 million (NOK 12.86
per share) last year. Excluding net foreign exchange gain/loss and special
items, the result was NOK 7.82 per share compared with NOK 5.22 per share in
second quarter 2010. Second-quarter EBITDA excluding special items was NOK
3,532 million compared with NOK 2,719 million last year.

"Yara reports strong second-quarter results as margins improved strongly for all
main product groups. The 2010/2011 fertilizer season has been a success due to
Yara's commercial model, with a highly competitive return on capital," said
Jørgen Ole Haslestad, President and Chief Executive Officer of Yara.

"As expected, drought in Europe held back deliveries in April and May. However,
short term weather-related setbacks increase the need for fertilizer going
forward. The global grain supply-demand balance is expected to tighten further,
and there is a need to continue increasing agricultural productivity," said
Jørgen Ole Haslestad.

Yara fertilizer deliveries were up four percent on second quarter last year,
with stronger urea sales in particular. Margins improved for all main product
groups, with the strongest increase for NPK and nitrates. Industrial volumes
increased twelve percent, primarily reflecting growth in environmental products
globally and N-chemical sales in Europe. Yara's plants produced around 600
kilotons less in the second quarter compared with full run rate, mainly
reflecting a higher than normal concentration of plant turnarounds, in addition
to the Lifeco outage.

Going forward, a tightening grain supply-demand balance points to continued
strength in crop prices and a strong need to increase agricultural productivity.
Yara's third-quarter ammonia production rates are expected to be in line with
second quarter due to outages in Lifeco, Hull, Burrup and Billingham, while
finished fertilizer is expected to run at full capacity excluding Lifeco. The
new nitrate season in Europe is progressing well and nitrate stocks are low.

Link to 2Q report and presentation:
http://www.yara.com/investor_relations/quarterly_report/index.aspx

Link to 2Q webcast 19 July at 09:30 CEST:
http://media01.smartcom.no/Microsite/start.aspx?eventid=6248


Contact

Thor Giæver, Investor Relations
Telephone  ( 47) 24 15 72 95
Cellular ( 47) 48 07 53 56
E-mailthor.giaver@yara.com

Asle Skredderberget, Media Relations
Cellular ( 47) 41 44 36 10
E-mailasle.skredderberget@yara.com


Yara International ASA is the world's leading chemical company that converts
energy, natural minerals and nitrogen from the air into essential products for
farmers and industrial customers. As the number one global supplier of mineral
fertilizers, we help provide food for a growing world population. Our industrial
product portfolio includes environmental protection agents that prevent air
pollution. Yara's global workforce of 7,300 employees represents the great
diversity and knowledge that enables Yara to remain a leading performer in the
industry.
www.yara.com

This information is subject of the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.




2Q 2011 Report:
http://hugin.info/134793/R/1531677/466280.pdf

2Q 2011 Presentation:
http://hugin.info/134793/R/1531677/466281.pdf




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Source: Yara International ASA via Thomson Reuters ONE

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Unternehmen: Yara International ASA - ISIN: NO0010208051