euro adhoc: K+S Aktiengesellschaft / Earnings Forecast / Recent price developments for fertilizers in Europe and overseas will have a stronger and quicker effect on earnings than was previously assume

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03.06.2008

Prices on the global fertilizer markets have increased significantly
since the start of the year; the earnings forecast for the whole of
2008, drawn up by the Board of Executive Directors on 6 May 2008,
was, as usual, based on the international fertilizer prices attained
so far. Since then, prices have continued to increase significantly,
particularly in the case of potash. Within the framework of the
earnings estimate made internally on a regular basis, we have today
come to the conclusion that in the second half of the year this will
have a stronger and quicker effect than was previously assumed on the
earnings of the K+S Group. Previously we had assumed that the
operating earnings (EBIT I) of the K+S Group would approximately
triple; this would have corresponded to an EBIT I of something over
EUR 850 million (2007: EUR 285.7 million). Considering the prices of
over USD 800 per tonne of potassium chloride (KCI) already
implemented on the overseas markets for the second half of the year,
and against the background of the price increase in Europe, announced
a few days ago, to EUR 535 per tonne of KCl, we now expect the
operating earnings (EBIT I) of the K+S Group for 2008 to be at least
EUR 1.1 billion.

end of announcement euro adhoc
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ots Originaltext: K+S Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Christian Herrmann

Tel.: +49 (0)561 9301 1460

E-Mail: christian.herrmann@k-plus-s.com

Branche: Chemicals
ISIN: DE0007162000
WKN: 716200
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