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K+S records higher Revenues and Earnings in the second Quarter 2017

  • Revenues: +1.4% to € 742 million; EBIT I almost doubled to € 29 million (Q2/2016: € 15 million)
  • Significant earnings increase in the Potash and Magnesium Products business unit
  • Efficient wastewater management system substantially improves production conditions at the Werra plant
  • Subdued demand for de-icing salt after mild winter in North America
  • Successful production start at the new Bethune potash mine
  • Outlook for 2017 reiterated: EBIT I of € 260-360 million expected
  • Assumptions for EBITDA target in 2020 not realistic anymore from the present point of view
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Bauer AG has a significant Revenue Increase in the first Half of 2017

  • Total Group revenues increased by 21.1% to EUR 916.4 million; sales revenues grew by 27.8% to EUR 830.2 million
  • EBIT increased by 39.7% to EUR 25.7 million (previous year: EUR 18.4 million); earnings after tax are already positive at EUR 0.1 million (previous year: EUR -7.9 million)
  • Order backlog with EUR 1,044.7 million (previous year: EUR 1,010.2 million) still at a high level.
  • Forecast for total Group revenues raised from about EUR 1.7 billion to about EUR 1.8 billion.
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Sotkamo Silver completes Technical Report of Silver Mine and Feasibility Study

Sotkamo Silver has completed the latest Technical Report of the Silver Mine project including updated feasibility study. Based on the economic analysis in this feasibility study, the Silver Mine project is, with current assumptions and knowledge, notably profitable. The Mineral Resources and Ore Reserves in the Technical Report has been prepared and classified in accordance JORC Code, 2012 Edition.

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Q1: Hochtief increases Net Profit by 40%

  • EUR 93 million operational net profit (+30% year on year), EUR 88 million nominal net profit (+40%)
    • Operational PBT margin at 3.8%, +20 bps yoy
  • Over EUR 100 million year on year improved net cash from op. activities
    • EBITDA cash conversion rate remains very high at 108% in last twelve months
    • Further reduction in seasonally typical cash outflow
  • EUR 341 million net cash position significantly positive (+ EUR 317 million yoy)
    • Net cash would stand at approximately EUR 1 billion, if adjusted for net investments and dividends in the last twelve months
  • EUR 45 billion order backlog (+23% yoy)
    • Order backlog at highest level since transformation initiated; +13% yoy excluding UGL
    • All divisions show double-digit yoy increases in order backlog
    • New orders rose to EUR 7.4 billion (+18% yoy)
  • First rating for the Group: BBB investment grade by Standard & Poor’s
  • Guidance confirmed: Operational net profit for 2017 of EUR 410–450 million (+13% to 25% yoy)
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SMT Scharf Earnings up in FY 2016

SMT Scharf AG (WKN 575198, ISIN DE0005751986) improved its operating earnings by 8.7% to EUR 2.5 million in the fiscal year elapsed (2015: EUR 2.3 million). As expected at the start of 2016, revenue of EUR 42.6 million was tangibly below the previous year's level (2015: EUR 50.3 million). The Group achieved an EBIT margin of 5.9% (2015: 4.6%) on total operating revenue of EUR 42.2 million (2015: EUR 50.0 million). At the bottom line, SMT Scharf achieved a further year-on-year improvement in consolidated net income to EUR 1.9 million (2015: EUR 1.5 million).

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Bauer AG's nine-month Figures behind Expectations

  • Total Group revenues are down by 4.1 % to EUR 1,146.3 million;
  • EBIT improves by 4.4 % to EUR 38.0 million (previous year: EUR 36.4 million); Earnings after tax are EUR -4.0 million (previous year: EUR -2.7 million).
  • The order backlog remains stable at a high level of EUR 1,019.0 million
  • The full-year forecast has been corrected.
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SMT Scharf boosts Profitability on reduced Revenue

SMT Scharf AG is reporting a considerable improvement in its operating results during the first months of the current fiscal year. The declining revenue trend at the start of the year stabilised in the third quarter, reflecting robust service business offsetting reductions in new equipment business.

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K+S Group: Revenues and Earnings down significantly as expected

  • Revenues: 9M: € 2.5 billion (9M/15: € 3.2 billion) / Q3: € 688 million (9M/15: € 891 million)
  • EBIT I: 9M: € 202 million (9M/15: € 628 million) / Q3: € -31 million (9M/15: € 132 million)
  • Lower price level particularly in the Potash and Magnesium Products business unit
  • Production limitations due to restricted deep-well injection permit at Werra plant
  • Outlook: EBIT I between € 200 million and € 260 million in 2016
  • Legacy: Replacement of the damaged process vessel has started; first tonne in the second quarter of 2017
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Boliden’s Q3: Strong Earnings and high Mine Production

Boliden’s third quarter was primarily characterised by improvements in metal prices and high production in Mines. Revenues for the period totalled SEK 9,733 m (9,764) and the operating profit, excluding revaluation of process inventory, improved to SEK 1,318 m (1,055). The free cash flow was negatively affected by higher stock levels and totalled SEK 91 m (953).

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