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, K + S increases earnings forecast – share breaks out | message, Forex-News, Forex-News
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K + S increases earnings forecast – share breaks out | message

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, K + S increases earnings forecast – share breaks out | message, Forex-News, Forex-News

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, K + S increases earnings forecast – share breaks out | message, Forex-News, Forex-News

Operationally, the Kassel salt and fertilizer manufacturer K + S is back on track, which can also be seen from the share price. After a significant recovery, it broke out again upwards.

After a significant increase in earnings in the first quarter, K + S has raised its outlook for the year as a whole. “We made a very good start to the current year. We once again had a decent winter. February was even a record month. We have never sold so much de-icing salt, ”said CEO Burkhard Lohr in a video when the quarterly figures were presented. “There is good reason to be optimistic,” Lohr continued.

For 2021, K + S is now anticipating an operating profit (from continuing operations of 500 to 600 million euros after 440 to 540 million euros so far. “The demand for potash will be significantly higher than in the previous year,” said Lohr. He also referred to rising prices “Nevertheless, we remain disciplined, especially when it comes to investments and costs,” said Lohr.

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, K + S increases earnings forecast – share breaks out | message, Forex-News, Forex-News

In the first quarter, the operating result rose by 27 percent, sales increased by 13 percent. In addition to the winter weather in Europe, the general conditions in the agricultural sector improved. The fertilizer sales increased.

K + S share breaks out – but sustainability is missing

After a weak 2020 this year, the K + S share is the third-best share in the MDAX after Hugo Boss and Porsche with a price increase of 37 percent. The stock has been on an upward trend since the end of September, and the 200-day line (red) has also turned upwards. Now there was a breakout above the resistance at around 10.35 euros, although this breakout is not sustainable. The brand is currently still being tested. The MACD (momentum) also turned up and supports the price upturn. The next technical resistance is around 1 euro higher than currently.

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, K + S increases earnings forecast – share breaks out | message, Forex-News, Forex-News

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