K+S Aktiengesellschaft

euro adhoc: K+S Aktiengesellschaft
Earnings Forecast
Continued shortage on fertilizer markets
International price level increases further
Strong second quarter foreseeable
Significant increase of profit forecast for the financial year 2008

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The price level on the global fertilizer markets has risen further tangibly. In particular for potash products and against the backdrop of the continuing shortage, it has again recently proved possible to achieve far higher prices in Europe and overseas; for example, K+S yesterday raised the price for potassium chloride (granular MOP) in Europe by a further EUR 40 to EUR 600. Moreover, on the global markets it is foreseeable that a price level of USD 1,000 per tonne of potassium chloride will have been established during the fourth quarter. Furthermore, within the context of the current preparation of the half-yearly