Q3 2019 Yara International ASA Earnings Call Transcript

Oct 18, 2019 / 12:00PM GMT
Lars Rø¦g - Yara International ASA - Executive VP & CFO

Good morning, good afternoon all and welcome to Yara's Q3 results conference call.

I'm sure most or all of you have seen our report and presentation from this morning, so I will limit my opening comments. The EBITDA, excluding special items and IFRS 16, increased by 49% in the quarter. And the results reflect the lower energy cost, higher production and strong premium deliveries in line with our strategy where we prioritized value over volume.

We are delivering on our long-term targets operationally with higher production, reliability and energy efficiency and commercially with strong premium product sales and realized prices, improving sales and marketing EBITDA per tonne.

As you may also have seen, we, this morning, also announced the share buyback program. This is the first quarter where we are within our target range of 1.5 to 2x net debt-to-EBITDA, which we announced as part of our capital allocation policy at the Capital Markets Day in June, and the announced buyback program

Already have an account? Log in
Get the full story
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot