Yara reports increased deliveries and improved margin trend
2024年2月9日 - 4:00PM
Yara reports increased deliveries and improved margin trend
Oslo, 9 February 2024: Fourth-quarter EBITDA1 was USD
586 million, compared with USD 1,067 million a year earlier. Net
income was USD 246 million (USD 0.96 per share) compared with USD
766 million (USD 3.02 per share) in fourth quarter
2022.
The main elements of the fourth-quarter results are:
- EBITDA1 of 586 MUSD, improving trend since 2Q23
- 4% increase in crop nutrition deliveries
- 1 BUSD full-year free cash flow2
- Increased buying activity and rising prices indicate volume
catch-up in 1H2024
- NOK 5 per share annual dividend proposed
“Following strong financial results in 2022, the results in 2023
were impacted by significantly lower market prices and one-off
position effects. EBITDA for the quarter is 586 MUSD and I am
pleased to see an improving trend since second quarter, and a
positive market trend going into 2024. We propose an annual
dividend of NOK 5 per share, in line with our capital allocation
policy,” said Svein Tore Holsether, President and Chief Executive
Officer at Yara.
So far this season, nitrogen supply is lower than normal both in
Europe and the US, indicating a tighter global balance for the
first half of 2024. Fertilizer affordability has improved during
the quarter, and optimal application rates for wheat in Europe are
currently around six percent higher than a year ago. The start of
2024 has seen increased buying activity and higher prices,
signalling a potential volume catch-up into the main application
season in the Northern hemisphere.
“As we now embark on a new year, Yara is well positioned with a
strong track record also in more volatile markets. I am confident
in our strategic progress, with a focus on optimizing and
decarbonizing our asset footprint, and contributing to
decarbonizing shipping fuel, the food value chain and other
energy-intensive industries,” said Holsether.
The energy transition, climate crisis and food security are top
priorities globally. With its leading food solutions and ammonia
positions, Yara is uniquely positioned to drive these
transformations. Furthermore, the volatile operating conditions of
the past years have shown the resilience of Yara’s global and
flexible business model. Yara’s strategy is focused on further
strengthening operational resilience and flexibility, and
profitable growth in low-carbon ammonia, capturing value within
decarbonized premium crop nutrition solutions while also unlocking
growth in new ammonia markets. This will support the transformation
of the global food system, generate long-term growth opportunities
and drive progress towards Yara’s ambition of growing a
nature-positive food future.
Link to report, presentation and webcast on 9 February at 12:00
CET:https://www.yara.com/investor-relations/latest-quarterly-report/
1) For definition and reconciliation of Alternative Performance
Measures, see APM section in the 4Q report, page 33.
2) Net cash provided by operating activities minus net cash
used in investment activities, see cash flow statement in the 4Q
report, page 15.
Note on Alternative performance measures: Alternative
performance measures are defined, explained and reconciled to the
Financial statements in the APM section in the 4Q report,
pages 33-39.
Contact:
Maria GabrielsenInvestor contactMobile: +47 920 90 093E-mail:
maria.gabrielsen@yara.com
Tonje NæssMedia contactMobile: +47 40844647E-mail:
tonje.nass@yara.com
This information is considered to be inside information pursuant
to the EU Market Abuse Regulation and is subject to the disclosure
requirements pursuant to Section 5-12 the Norwegian Securities
Trading Act. This stock exchange announcement was published by
Maria Gabrielsen, Head of Investor Relations, at Yara International
ASA, on 9 February 2024 at 08:00 CET.
About Yara
Yara grows knowledge to responsibly feed the world and protect
the planet. Supporting our vision of a world without hunger and a
planet respected, we pursue a strategy of sustainable value growth,
promoting climate-friendly crop nutrition and zero-emission energy
solutions. Yara’s ambition is focused on growing a nature positive
food future that creates value for our customers, shareholders and
society at large and delivers a more sustainable food value
chain.
To achieve our ambition, we have taken the lead in developing
digital farming tools for precision farming and work closely with
partners throughout the food value chain to improve the efficiency
and sustainability of food production. Through our focus on clean
ammonia production, we aim to enable the hydrogen economy, driving
a green transition of shipping, fertilizer production and other
energy intensive industries.
Founded in 1905 to solve the emerging famine in Europe, Yara has
established a unique position as the industry’s only global crop
nutrition company. We operate an integrated business model with
around 17,000 employees and operations in over 60 countries, with a
proven track record of strong returns. In 2023, Yara reported
revenues of USD 15.5 billion.
www.yara.com
This information is subject to the disclosure requirements
pursuant to Section 5-12 the Norwegian Securities Trading Act
- Yara 4Q 2023 Report
- Yara 4Q 2023 Presentation
Yara International ASA (TG:IU2)
過去 株価チャート
から 5 2024 まで 6 2024
Yara International ASA (TG:IU2)
過去 株価チャート
から 6 2023 まで 6 2024