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Yara delivers improved returns, proposes additional dividend

Written by Customer Service on . Posted in Earnings Releases And Operating Results.

Oslo, 20 October 2020: Yara delivers improved third-quarter results, with record NPK deliveries, improved capital returns and increased cash flow. Net income was USD 340 million (USD 1.27 per share) compared with USD 74 million (USD 0.27 per share) a year earlier.
The main elements of the third-quarter results are:NOK 18 per share additional dividend proposed; total NOK 53 per share cash returns1 paid or committed to shareholders in 20207.9% ROIC2, up from 6.1% a year earlierEBITDA3 down 11%, mainly reflecting lower nitrogen pricesRecord NPK deliveriesUSD 2.5 billion free cashflow4 rolling 4 quarters
 “Yara delivers its ninth consecutive quarter with improved capital returns, despite our results being impacted by lower nitrogen prices. Our crop nutrition focused business model continues to perform strongly, delivering record NPK volumes in the quarter. I would like to give credit to the entire Yara organisation for another solid effort in a demanding environment,” said Svein Tore Holsether, President and Chief Executive Officer of Yara.Note on Alternative performance measures: Alternative performance measures are defined, explained and reconciled to the Financial statements in the APM section of the Quarterly report on pages 35-40.
AttachmentsYara 3Q 2020 ReportYara 3Q 2020 Presentation

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