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Yara International ASA (YAR.OL)

YAR.OL on Oslo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Norway's Yara takes full ownership in Brazil's Galvani Indústria in $165 mln deal
Friday, 5 Oct 2018 

Oct 5 (Reuters) - Fertilizer firm Yara International ASA ::REG-YARA SECURES 100% OF GALVANI MINORITY INTERESTS INCLUDING SALITRE PHOSPHATE PROJECT.YARA HAS REACHED AN AGREEMENT TO ACQUIRE MINORITY INTEREST IN GALVANI INDÚSTRIA, COMÉRCIO E SERVIÇOS S.A. FROM GALVANI FAMILY.AS PART OF DEAL CERTAIN ASSETS WILL BE TRANSFERRED TO GALVANI FAMILY, WHO WILL ALSO RECEIVE A PAYMENT IN CASH AND A CONTINGENT AMOUNT.YARA WILL THEREBY OWN 100% OF SHARES IN GALVANI INDÚSTRIA, COMÉRCIO E SERVIÇOS S.A.AGREEMENT INCLUDES A CASH PAYMENT OF USD 70 MILLION OVER A 3-YEAR PERIOD FROM CLOSING, AND A CONDITIONAL FUTURE PAYMENT RELATED TO PROJECT SUCCESS.CARVED-OUT ASSETS TRANSFERRED TO GALVANI FAMILY HAVE A BOOK VALUE EQUIVALENT TO USD 95 MILLION AS OF 31 AUGUST 2018.ACQUISITION HAS ANNUAL PRODUCTION CAPACITY OF APPROXIMATELY 1.2 MILLION TONNES OF PHOSPHATE ORE AND 1.5 MILLION TONNES OF FINISHED FERTILIZER (SSP EQUIVALENTS).THIS DEAL STREAMLINES OUR PRODUCTION FOOTPRINT IN BRAZIL, SECURING FULL OWNERSHIP OF KEY YARA BRAZIL PRODUCTION ASSETS.  Full Article

Yara Evaluates Strategic Options For Marine Technology Business
Monday, 24 Sep 2018 

Sept 24 (Reuters) - Yara International ASA ::YARA EVALUATES STRATEGIC OPTIONS FOR MARINE TECHNOLOGY BUSINESS.SAYS YARA INTERNATIONAL ASA IS EVALUATING STRATEGIC OPTIONS FOR YARA MARINE TECHNOLOGIES BUSINESS, INCLUDING A POTENTIAL SALE.YMT SALES ARE SET TO TRIPLE COMPARED WITH 2017, TO REACH MORE THAN NOK 450 MILLION IN 2018, EXPECTED TO DOUBLE FROM 2018 TO 2019.YARA IS CURRENTLY EVALUATING DIFFERENT OPTIONS FOR YMT, AND NO DECISIONS HAVE YET BEEN MADE REGARDING ITS FUTURE OWNERSHIP.WILL CONTINUE TO EVALUATE BOTH ACQUISITION AND DIVESTMENT OPPORTUNITIES.  Full Article

Yara and Arab Potash Company discontinue JV talks
Thursday, 2 Aug 2018 

Aug 2 (Reuters) - Fertilizer firm Yara International Asa ::REG-YARA AND ARAB POTASH COMPANY DISCONTINUE POTASSIUM NITRATE MOU AND JV TALKS.YARA AND ARAB POTASH COMPANY HAVE DECIDED TO END ALL DISCUSSIONS UNDER MEMORANDUM OF UNDERSTANDING DATED 29 JANUARY 2018 IN RELATION TO POTENTIAL COOPERATION IN FIELD OF POTASSIUM NITRATE THROUGH APC'S SUBSIDIARY, KEMAPCO, AND TO TERMINATE SAME.AS A RESULT, YARA WILL NOT BE PURSUING AN OWNERSHIP STAKE IN KEMAPCO.  Full Article

Fertilizer firm Yara Q2 net loss due to currency, sees better market ahead
Tuesday, 17 Jul 2018 

Widens distribution:YARA Q2 EBITDA EX SPECIAL ITEMS $321 MILLION (REUTERS POLL $329 MILLION) VS $338 MLN IN Q2 2017.YARA Q2 REVENUES $3,192 MILLION (REUTERS POLL $2.89 BILLION).YARA Q2 NET RESULT $-211 MILLION (REUTERS POLL $79.7 MILLION).YARA: THE NEGATIVE RESULT INCLUDES A CURRENCY TRANSLATION LOSS OF USD 302 MILLION, WHICH IS A NON -CASH EFFECT MAINLY RESULTING FROM A STRENGTHENING US DOLLAR THROUGH THE QUARTER, WHICH IS FUNDAMENTALLY POSITIVE FOR YARA.> YARA’S SPOT-PRICED GAS COSTS FOR THIRD AND FOURTH QUARTER 2018 ARE EXPECTED TO BE RESPECTIVELY USD 100 MILLION HIGHER AND USD 70 MILLION HIGHER THAN A YEAR EARLIER.> SAYS IMPROVEMENT PROGRAM HAS TO DATE DELIVERED APPROXIMATELY USD 310 MILLION OF THE TARGETED MINIMUM USD 500 MILLION OF ANNUAL EBITDA IMPROVEMENT (USD 1.25 NET INCOME PER SHARE) WITHIN 2020.SAYS APPLYING AVERAGE 2015 MARKET PRICES, THE GROWTH PIPELINE IS EXPECTED IN 2018 TO DELIVER APPROXIMATELY USD 150 MILLION OF THE TARGETED USD 600 MILLION OF ANNUAL EBITDA IMPROVEMENT (USD 0.90 NET INCOME PER SHARE).SAYS THE GLOBAL UREA SUPPLY-DEMAND BALANCE LOOKS SET TO GRADUALLY IMPROVE. NITROGEN SUPPLY GROWTH IS FORECAST TO REDUCE SIGNIFICANTLY AFTER 2018, AND CURRENT NITROGEN PRICE LEVELS DO NOT PROVIDE ECONOMIC INCENTIVES FOR NEW INVESTMENT.SAYS NITROGEN SUPPLY GROWTH IS FORECAST TO REDUCE SIGNIFICANTLY AFTER 2018, AND CURRENT NITROGEN PRICE LEVELS DO NOT PROVIDE ECONOMIC INCENTIVES FOR NEW INVESTMENT..  Full Article

Yara International Approves Dividend And Elects Board Members In Line With Nomination Committee Proposal
Tuesday, 8 May 2018 

May 8 (Reuters) - Yara International ASA ::YARA INTERNATIONAL SAYS YARA APPROVES DIVIDEND AND ELECTS BOARD MEMBERS IN LINE WITH NOMINATION COMMITTEE PROPOSAL.APPROVED A DIVIDEND OF NOK 6.50 PER SHARE.NEW BOARD ELECTED GEIR ISAKSEN AS ITS CHAIR AND MARIA MORÆUS HANSSEN AS VICE CHAIR.DIVIDEND OF NOK 6.50 PER SHARE WILL BE PAID ON 23 MAY 2018 TO SHAREHOLDERS AS OF 8 MAY 2018.  Full Article

Fertilizer firm Yara's q1 EBITDA below forecast, maintains guidance
Friday, 20 Apr 2018 

April 20 (Reuters) - Yara International ASA ::YARA Q1 NET RESULT $116 MILLION (REUTERS POLL $135 MILLION).YARA Q1 EBITDA EX SPECIAL ITEMS $377 MILLION (REUTERS POLL $393 MILLION).YARA INTERNATIONAL ASA: YARA IMPROVEMENT PROGRAM IS ON TRACK TO REACH AT LEAST USD 500 MILLION OF ANNUAL EBITDA IMPROVEMENT BY 2020, OF WHICH USD 275 MILLION HAS BEEN REALIZED AS OF Q1 2018.YARA INTERNATIONAL ASA: BASED ON CURRENT FORWARD MARKETS FOR OIL PRODUCTS AND NATURAL GAS, YARA'S SPOT-PRICED GAS COSTS FOR SECOND AND Q3 2018 ARE EXPECTED TO BE USD 90 MILLION AND USD 70 MILLION HIGHER THAN A YEAR EARLIER.YARA: GLOBAL FARM MARGIN OUTLOOK AND INCENTIVES FOR FERTILIZER APPLICATION ARE SHOWING SIGNS OF IMPROVEMENT, WITH FAO CEREALS, MEAT AND DAIRY PRICE INDICES ALL AT HIGHER LEVELS THAN A YEAR AGO.YARA INTERNATIONAL ASA: HOWEVER, EUROPEAN FIRST-QUARTER NITROGEN INDUSTRY DELIVERIES WERE DOWN BY AN ESTIMATED 22% COMPARED WITH A YEAR EARLIER AND YARA EXPECTS FULL-SEASON NITROGEN INDUSTRY DELIVERIES TO BE DOWN BY 3-5 PERCENT.YARA Q1 REVENUES $2,856 MILLION (REUTERS POLL $3.0 BILLION).YARA: CHINESE UREA PRICES CONTINUE TO BE A KEY REFERENCE POINT FOR GLOBAL NITROGEN PRICING, AND HIGHER PRODUCTION COST IN CHINA HAS RESULTED IN SIGNIFICANT CURTAILMENTS, REDUCED EXPORTS AND HIGHER DOMESTIC PRICES.YARA INTERNATIONAL ASA: HIGHER DOMESTIC PRICE AND LOWER EXPORTS FROM CHINA ARE OFFSETTING OVERSUPPLY ELSEWHERE.  Full Article

Yara issues bonds of NOK 3.25 bln and SEK 1.25 bln​
Friday, 1 Dec 2017 

Dec 1 (Reuters) - Yara International Asa ::YARA INTERNATIONAL ASA HAS TODAY SUCCESSFULLY ISSUED SENIOR UNSECURED BOND ISSUES IN TOTAL OF NOK 3,250 MILLION AND SEK 1,250 MILLION.THE NET PROCEEDS WILL BE USED FOR GENERAL CORPORATE PURPOSES."WITH SOLID INVESTOR INTEREST ACROSS THE NORDICS, WE ARE ESPECIALLY PLEASED TO SEE THE STRONG DEMAND IN THE LONGER TENORS, FURTHER ESTABLISHING YARA IN THE NORDIC CREDIT MARKETS. WE ARE ALSO PLEASED WITH A WELL-EXECUTED PLACEMENT AND HAVING ACHIEVED COMPETITIVE TERMS REFLECTING YARA'S STRONG CREDIT POSITION", SAYS TORGEIR KVIDAL, CFO AT YARA INTERNATIONAL ASA.DANSKE BANK, DNB MARKETS AND SEB HAVE ACTED AS JOINT LEAD MANAGERS FOR THE BOND ISSUES.​.  Full Article

Yara to sign mining agreement for Ethiopian Dallol potash mine
Tuesday, 7 Nov 2017 

Nov 7 (Reuters) - Yara International Asa :Yara will sign a mining agreement with the Ethiopian.authorities, making possible the future development of the Yara Dallol potash mine..Dallol mine will have a production capacity of approximately 600,000 tonnes of SOP per year, equivalent to approximately ten per cent of global market​.‍Products will be mined using solution mining, meaning there will be no open pit at site​.‍Yara Dallol is a 51.8 per cent Yara International owned company​.‍Other owners are Liberty Metals and Mining Holdings (25 per cent) and XLR Capital (23.2 per cent)​.‍A final investment decision is expected towards end of 2018​.‍Total capital expenditure frame for project has yet to be finalized​.‍Amount has been reduced from previously estimated USD 740 million​.  Full Article

BRIEF-Fertiliser maker Yara ‍completes acquisition of digital farming platform ATC
Monday, 6 Nov 2017 

Fixes typo in headline:Yara acquires leading crop nutrition recommendation platform to strengthen digital farming offering.‍completed acquisition of agronomic technology corp (atc), which operates adapt-n, a leading nitrogen recommendation platform in us that improves farmer profitability and agricultural sustainability.The value for the deal was not disclosed​.  Full Article

Yara's Q3 net result misses forecast
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Yara International Asa :Q3 net result nok 709‍​ million (Reuters poll nok 853 million).Q3 ebitda ex special items nok 2,728‍​ million (Reuters poll nok 2.78 billion).Q3 revenues nok 23,769‍​ million (Reuters poll nok 23.89 billion).Yara reports strong production performance but lower commodity fertilizer margins.‍global farm margin outlook and incentives for fertilizer application remains supportive overall​.‍spot energy costs for next two quarters are expected to be approximately nok 430 million higher than a year earlier​.‍improvement program is on track to reach at least usd 500 million of annual ebitda improvement by 2020, of which usd 210 million has been realized as of q3 2017​.‍saw strong order-taking during quarter, triggered by tighter situation globally for nitrogen, and as a result yara enters q4 with a longer nitrate order book than normal​.‍yara enters q4 with a longer nitrate order book than normal. Time lag between market prices and realized prices on yara's fourth-quarter deliveries is expected to be approximately 3 months​.‍time lag between market prices and realized prices on yara's fourth-quarter deliveries is expected to be approximately 3 months​.‍yara reports a strong production performance for quarter, with several production records and yara improvement program delivering ahead of schedule​.  Full Article

East, West Africa lead continent's fertilizer uptake push

CAPE TOWN, Sept 25 Africa’s annual fertilizer consumption is expected to reach 13.6 million metric tonnes of nutrient by 2030 from 7.6 mmt now, with East and West Africa fast growth areas as farmers look to boost crop yields, industry analysts CRU said on Tuesday.