From humble beginnings during the 19th century, the K+S Group have expanded from Joint Stock Company for Mining and Deep Drilling, to include production sites in Europe, North America and South America as well as through a global distribution network.
The company's vision is "A source of growth and life through nutrients and minerals".
The overriding goals of the financial management of the K+S Group include:
- securing liquidity and controlling it efficiently across the Group,
- maintaining and optimising the financial capacity of the Group as well as,
- reducing financial risks also by means of financial instruments.
In cash management the Group focus on the management of liquidity and payment streams. In order to maintain and optimise financial capacity, the Group aim to achieve a situation where the K+S Group has a capital structure in the long term, which is orientated to the usual criteria and indicators for an "investment grade" rating.
In 2015, the K + S Group opened a new Analytic and Research Center in Unterbreizbach and continued to support a new K+S potash plant in Canada.
K+S Group achieved revenues in financial year 2014 of about € 3.8 billion and an Earnings Before Interest and Tax (EBIT) of € 641 million. In a press release on 12 November 2015, Dr. Burkhard Lohr, Chief Financial Officer, explained that the current high level of capital expenditures, as well as the strict cost discipline within the Group, will have a positive effect on the financial situation of the K+S Group in the very near future.
In the same press release, Norbert Steiner, Chairman of the Board of Executive Directors, reaffirmed the K + S Group medium to long-term growth outlook with a forecast for an incremental increase to around € 1.6 billion by 2020.
Source: http://www.k-plus-s.com/en/
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