K+S Aktiengesellschaft

euro adhoc: K+S Aktiengesellschaft
Earnings Forecast
K+S adjusts US dollar hedging
Operating earnings EBIT I for 2007 expected at lower end of the previously published forecast (EUR 310 million to EUR 325 million)

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The K+S Group has adjusted its US dollar hedging based on double-barrier options to changed market conditions. All remaining options with upper knock-out barriers of 1.43 USD/EUR for the months of October to December 2007 now have higher knock-out barriers. As a consequence of this restructuring, the average hedged rate incl. premium payment for 2007 will deteriorate from 1.11 USD/EUR to about 1.20 USD/EUR. As a result of this, operating earnings EBIT I of the K+S Group for 2007 will reach a value that, assuming an average de-icing salt business during the fourth quarter, will be at the lower end of the previously published profit forecast of EUR 310 million to EUR 325 million.

With regard to 2008, the Board of Executive Directors of K+S Aktiengesellschaft remains confident. This assessment is based primarily on the healthy development of demand in the Potash and Magnesium Products business segment; the price increases already implemented in the markets this year alone should lead to a significant increase in revenues in the coming year, one that should more than make up for currency effects and other cost effects.

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ots Originaltext: K+S Aktiengesellschaft
Im Internet recherchierbar: http://www.presseportal.ch

Further inquiry note:
Julia Ernst
Investor Relations
Telefon: +49(0)561-9301-1009
E-Mail: Julia.Ernst@k-plus-s.com

Branche: Chemicals
ISIN:      DE0007162000
WKN:        716200
Index:    Midcap Market Index, MDAX, CDAX, Classic All Share, HDAX,
              Prime All Share
Börsen:  Börse Frankfurt / official dealing/prime standard
              Börse Berlin / official dealing
              Börse Hamburg / official dealing
              Börse Stuttgart / official dealing
              Börse Düsseldorf / official dealing
              Börse Hannover / official dealing
              Börse München / official dealing

Weitere Meldungen: K+S Aktiengesellschaft

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