Company Profile For K+S AG

K+S AG is a Germany-based company, operating in the chemical sector. It divides its activities into five business segments. The Potash and Magnesium Products segment is engaged in the crude potash and magnesium salts extraction and in processing raw materials into products for technical, industrial and pharmaceutical applications. The COMPO segment offers potting soils, garden fertilizers, plant protection products and fertilizers for special crops, horticulture, sports fields and public green areas. The fertiva segment distributes fertilizers. The Salt segment offers food grade salt, industrial salt and salt for chemical use, as well as de-icing salt applied to ensure road safety. The Complementary Business segments include recycling activities and the disposal and reutilization of waste salt mines, granulation of CATASAN, logistics, and trading in different basic chemicals. In october 2009, K+S AG completed the acquisition of Morton international, Inc.

BRIEF: For the nine months ended 30 September 2009, K+S AG's revenues decreased 35% to EUR2.51B. Net income for the period decreased 87% to EUR80.8M. Revenues reflect a decrease in demand for the Company's products and services in Potash and Magnesium Products and Nitrogen Fertilizers business segments. Net income for the period suffered from higher general administrative expenses and other operating expenses.