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RSS & PodcastsBusiness Segments of the K+S Group
Complementary Business Segments
Because of the low level of third-party revenues, our IT service activities are shown in the reconciliation since the beginning of the year; the previous year’s figures have been adjusted accordingly. K+S Consulting GmbH has been deconsolidated with effect from 1 January 2008. After we sold biodata ANALYTIK GmbH in September 2007, this company is also no longer a consolidated part of the K+S Group.
Revenues by segment
Jan. – June 2008
(in %)
During the second quarter, at € 29.6 million, revenues of the Complementary Business Segments slightly exceeded those of the same period last year. Under the IFRSs, internal revenues deriving from services supplied to K+S Group companies are not included in these figures. Including internal revenues, total revenues amounted to € 41.1 million in the second quarter (Q2/2007: € 42.0 million). In the case of Waste Management and Recycling, revenues amounted to € 17.3 million and approximated those of the same period last year; volume- and price-related growth in the area of reuse were not quite able to make up for volume-related declines in revenues in the operating areas of waste disposal and recycling. While revenues for the Logistics (€ 3.7 million) and the Trading business (€ 1.5 million) were down somewhat, revenues for granulation rose by 34 % to € 7.0 million due to volume factors. During the first six months, at € 61.3 million, business segment revenues were similar to those for the same period last year.
In the second quarter, operating earnings of the business segment amounted to € 7.1 million and were thus € 0.9 million down on the same period last year; this is chiefly attributable to lower earnings contributions of the Logistics and Trading segments. During the first six months, operating earnings declined by 21 % to € 14.2 million.
During the financial year 2008 as a whole, revenues of the Complementary Business Segments should remain stable. Higher volumes of flue gas cleaning residues for Waste Management and Recycling face lower third-party revenues in the Logistics segment. In terms of operating earnings, we expect a significant decline due to an anticipated lower share in overseas deliveries in comparison to the same period last year, which had benefited from the good € 3 million profit arising from the sale of biodata ANALYTIK GmbH.
