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K+S AG

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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

K+S : reduces financial liabilities by €560 million through successful buy-back of bonds

06/29/2021 | 07:04am EDT

Press Release

Kassel (Germany), June 29, 2021

Optimization of balance sheet structure

K+S reduces financial liabilities by €560 million through successful buy-back of bonds

K+S has successfully completed the buy-back of bonds and reduced its financial liabilities by €560 million. The offer concerned the outstanding bonds maturing in 2022 (ISIN: DE000A1PGZ82), 2023 (ISIN: XS1591416679), and 2024 (ISIN: XS1854830889).

"With the successful buy-back of the bonds, we are reducing our debt while further optimizing our balance sheet structure," says K+S Chief Financial Officer Thorsten Boeckers. "Furthermore, this will reduce our interest costs for the next few years and minimize negative interest on the proceeds generated by the sale of the Americas."

The offer period expired on June 28, 2021. In total, K+S bonds with a par value of €560 million were tendered for buy-back. With the settlement on June 30, 2021, the bond buy-back is completed as planned.

K+S Aktiengesellschaft, Bertha-von-Suttner-Str. 7, 34131 Kassel/Germany, www.kpluss.com

Page 2 of the press release "K+S reduces financial liabilities by €560 million through successful buy-back of bonds", June 29, 2021

About K+S

K+S considers itself a customer-focused, independent supplier of mineral products for the Agriculture, Industry, Consumers, and Communities segments. We enable farmers securing the world's food supply, provide solutions that keep industries running, enrich consumers' daily lives, and ensure safety in winter. From production sites in Europe, North America, as well as through a global distribution network, we serve the ever-increasing demand for mineral products. We strive for sustainability because we are deeply committed to our responsibilities towards people, the environment, communities, and the economy in the regions in which we operate. Learn more about K+S at www.kpluss.com.

Your contact persons

K+S:

Press:

Investor Relations:

Michael Wudonig

Dirk Neumann

Phone: +49 561 9301-1262

Phone: +49 561 9301-1460

michael.wudonig@k-plus-s.com

d.neumann@k-plus-s.com

K+S Aktiengesellschaft, Bertha-von-Suttner-Str. 7, 34131 Kassel/Germany, www.kpluss.com

Disclaimer

K+S AG published this content on 29 June 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 June 2021 11:03:06 UTC.


© Publicnow 2021
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Sales 2021 2 972 M 3 482 M 3 482 M
Net income 2021 825 M 966 M 966 M
Net Debt 2021 1 102 M 1 291 M 1 291 M
P/E ratio 2021 2,60x
Yield 2021 0,89%
Capitalization 2 364 M 2 770 M 2 770 M
EV / Sales 2021 1,17x
EV / Sales 2022 1,09x
Nbr of Employees 10 730
Free-Float 100%
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Mean consensus HOLD
Number of Analysts 17
Last Close Price 12,35 €
Average target price 12,75 €
Spread / Average Target 3,26%
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Managers and Directors
Burkhard Lohr Chairman-Executive Board
Thorsten Boeckers Chief Financial Officer
Andreas Kreimeyer Chairman-Supervisory Board
Holger Riemensperger Chief Operating Officer
Philip Freiherr von dem Bussche Independent Member-Supervisory Board
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