Business Segments of the K+S Group

Potash and Magnesium Products Business Segment

Variance analysis in %	Q4/08	12M/08
Change in revenues	+ 29.1	+ 70.3
- volume/structure	(85.5)	(33.1)
- prices	+ 112.0	+ 106. 1
- exchange rates	+ 2.6	(2.7)
- consolidation	–	–
Potassium chloride	+ 18.7	+ 74.3
Fertilizer specialities	+ 16.2	+ 59.6
Industrial products	+ 92.1	+ 86.4

€ million	Q4/08	Q4/07	%	12M/08	12M/07	%
Revenues	498.7	386.3	+ 29.1	2,397.4	1,408.0	+ 70.3
Earnings before interest, taxes, depreciation & amortisation (EBITDA)	299.5	25.4	+ 1,079.1	1,286.3	255.1	+ 404.2
Operating earnings (EBIT I)	275.3	4.2	+ 6,454.8	1,203.2	177.9	+ 576.3
Capital expenditure	44.2	30.8	+ 43.5	111.1	79.7	+ 39.4
Employees as of 31 December (number)	–	–	–	7,800	7,626	+ 2.3

 

 

 

COMPO Business Segment

Variance analysis in %	Q4/08	12M/08
Change in revenues	(20.9)	+ 21.6
- volume/structure	(36.8)	(3.9)
- prices	+ 16.2	+ 25.1
- exchange rates	(0.3)	(0.3)
- consolidation	–	+ 0.7
Consumer business	(3.4)	+ 0.8
Professional/ industrial business	(25.5)	+ 32.1

€ million	Q4/08	Q4/07	%	12M/08	12M/07	%
Revenues	100.8	127.5	(20.9)	750.9	617.4	+ 21.6
Earnings before interest, taxes, depreciation & amortisation (EBITDA)	(11.7)	6.5	–	90.7	42.2	+ 114.9
Operating earnings (EBIT I)	(10.7)	3.8	–	79.0	32.0	+ 146.9
Capital expenditure	3.6	4.5	(20.0)	10.4	12.6	(17.5)
Employees as of 31 December (number)	–	–	–	1,245	1,252	(0.6)

 

 

 

fertiva Business Segment

Variance analysis in %	Q4/08	12M/08
Change in revenues	(36.6)	+ 39.1
- volume/structure	(89.5)	(30.2)
- prices	+ 54.6	+ 73.2
- exchange rates	(1.7)	(3.9)
- consolidation	–	–
Complex fertilizers	(53.4)	+ 18.9
Straight nitrogen fertilizers	(39.0)	+ 39.4
Ammonium sulphate	(11.5)	+ 66.7

€ million	Q4/08	Q4/07	%	12M/08	12M/07	%
Revenues	113.8	179.5	(36.6)	901.5	648.0	+ 39.1
Earnings before interest, taxes, depreciation & amortisation (EBITDA)	5.7	10.6	(46.2)	43.2	26.0	+ 66.2
Operating earnings (EBIT I)	5.5	10.2	(46.1)	42.4	25.3	+ 67.6
Capital expenditure	0.0	0.4	–	0.3	4.2	(92.9)
Employees as of 31 December (number)	–	–	–	73	59	+ 23.7

 

 

 

Salt Business Segment

Variance analysis in %	Q4/08	12M/08
Change in revenues	+ 23.9	+ 13.5
- volume/structure	+ 6.2	+ 10.3
- prices	+ 17.9	+ 5.7
- exchange rates	(0.2)	(2.5)
- consolidation	–	–
Food grade salt	+ 10.4	+ 5.3
Industrial salt	+ 7.2	+ 5.6
Salt for chemical use	+ 31.4	+ 14.7
De-icing salt	+ 42.3	+ 18.4
Other	(33.4)	+ 34.8

€ million	Q4/08	Q4/07	%	12M/08	12M/07	%
Revenues	209.3	168.9	+ 23.9	618.6	545.1	+ 13.5
Earnings before interest, taxes, depreciation & amortisation (EBITDA)	35.9	25.5	+ 40.8	77.6	76.5	+ 1.4
Operating earnings (EBIT I)	26.2	17.9	+ 46.4	45.2	47.8	(5.4)
Capital expenditure	13.7	27.9	(50.9)	58.6	47.9	+ 22.3
Employees as of 31 December (number)	–	–	–	2,394	2,294	+ 4.4

 

 

 

 

Complementary Business Segments

Variance analysis in %	Q4/08	12M/08
Change in revenues	+ 4.5	+ 0.2
- volume/structure	(1.9)	–
- prices	+ 7.7	+ 2.1
- exchange rates	–	–
- consolidation	(1.3)	(1.8)
Waste Management and Recycling	+ 7.4	+ 0.8
Logistics	(14.2)	(11.4)
Granulation	+ 6.8	+ 10.4
Trading	+ 27.4	+ 14.6

€ million	Q4/08	Q4/07	%	12M/08	12M/07	%
Revenues	32.8	31.4	+ 4.5	125.3	125.1	0.2
Earnings before interest, taxes, depreciation & amortisation (EBITDA)	7.5	9.4	(20.2)	31.2	42.4	(26.4)
Operating earnings (EBIT I)	5.8	7.8	(25.6)	25.1	37.7	(33.4)
Capital expenditure	1.4	6.3	(77.8)	10.0	17.2	(41.9)
Employees as of 31 December (number)	–	–	–	285	273	+ 4.4