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MarketScreener Homepage  >  Equities  >  Moscow Micex - RTS  >  Uralkali    URKA   RU0007661302

URALKALI

(URKA)
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Uralkaliy : Uralkali to reduce production in 2H 2019

09/20/2019 | 03:27am EST

Uralkali (the Company; Moscow Exchange: URKA), one of the world's largest potash producers, announces plans to cut back potash production in 2H 2019.

The Company expects to reduce its total output of potash by approximately 350-500 thousand tonnes. The cutback is largely as a result of current market situation and scheduled maintenance activities, which require a temporary shutdown of the Company's production facilities.

The production downtime is fully in line with Uralkali's strategy, whereby the Company determines its output based on global potash market conditions, such as demand and price dynamics. This approach enables the Company to avoid excess production and selling its main products at unfavourable prices.

Despite the current short-term market headwinds, Uralkali remains confident in the long-term fundamentals of the potash industry.

Uralkali (www.uralkali.com) is one of the world's largest potash producers and exporters. The Company's assets consist of 5 mines and 7 ore treatment plants in the towns of Berezniki and Solikamsk (Perm Region, Russia). Uralkali employs ca. 12,000 people in the main production unit. Uralkali's shares are traded on the Moscow Exchange.

Disclaimer

OAO Uralkali published this content on 20 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 20 September 2019 07:26:08 UTC


© Publicnow 2019
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Financials (USD)
Sales 2019 2 782 M - -
Net income 2019 1 207 M - -
Net Debt 2019 4 854 M - -
P/E ratio 2019 125x
Yield 2019 -
Capitalization 2 106 M 2 105 M -
EV / Sales 2018 2,37x
EV / Sales 2019 2,62x
Nbr of Employees 20 000
Free-Float 0,02%
Chart URALKALI
Duration : Period :
Uralkali Technical Analysis Chart | URKA | RU0007661302 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 1
Average target price 2,30 $
Last Close Price 1,62 $
Spread / Highest target 41,8%
Spread / Average Target 41,8%
Spread / Lowest Target 41,8%
Managers and Directors
NameTitle
Vitaly Lauk Chief Executive Officer
Sergey Viktorovich Chemezov Chairman
Anton Vladimirovich Vishchanenko Chief Financial Officer
Paul James Ostling Independent Director
Dmitry Vasilyevich Osipov Director
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