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share) a year earlier.
The main elements of the fourth-quarter results are:
- Improved deliveries and production offset energy cost increase
- NOK 20 per share annual dividend proposed; Total NOK 52 per share cash
returns(1) paid and proposed for 2020
- Taking steps to enable the hydrogen economy, establishing Clean Ammonia unit
- 8.0% ROIC(2), up from 6.6% a year earlier
“Yara delivers its tenth consecutive quarter with improved capital returns, with
increased deliveries and production offsetting the impact of higher energy
prices. Yara has performed well during 2020, and we propose a NOK 20 per share
dividend to the annual general meeting, bringing our total cash distribution to
shareholders for 2020 to NOK 52 per share. I would like to give credit to our
entire organisation for a solid effort in this demanding year, driven by our
strong common purpose,” said Svein Tore Holsether, President and Chief Executive
Officer of Yara.
“I am also pleased to announce we are taking further steps to enable the
hydrogen economy, establishing a new global unit - Yara Clean Ammonia - to
capture growth opportunities within carbon-free food solutions, shipping fuel
and other clean ammonia applications, leveraging Yara’s unique existing
positions within ammonia production, trade and shipping,” said Holsether.
Fourth-quarter operating income was USD 210 million, compared with USD 211
million a year earlier. Net income excluding currency effects and special items
was USD 0.76 per share, compared with USD 0.80 per share in fourth quarter
2019. EBITDA excluding special items was USD 511 million, compared with USD 525
million a year earlier.
Yara’s industry fundamentals are robust, as the twin challenges of resource
efficiency and environmental footprint require significant transformations
within both agriculture and the hydrogen economy. Yara’s leading food solutions
and ammonia positions are well placed to both address and create business
opportunities from these challenges.
Link to report, presentation and webcast 9 February at 12:00 CET:
Latest quarterly report | Yara International
- Including NOK 18 additional dividend paid 4Q 2020 and share buybacks
(included in the year of purchase, including the corresponding pro-rata
redemption of shares from the Norwegian state)
- For definition and reconciliation of ROIC, see APM section in 4Q report, page
35-40.
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.
Contact
Thor Giæver, SVP Investor Relations
Mobile: (+47) 480 75 356
E-mail: thor.giaver@yara.com (mailto:thor.giaver@yara.com)
Josiane Kremer, Director External Communications
Mobile: (+47) 481 80 451
E-mail: josiane.kremer@yara.com (mailto:josiane.kremer@yara.com)
About Yara
Yara grows knowledge to responsibly feed the world and protect the planet.
Supporting our vision of a world without hunger, we pursue a strategy of
sustainable value growth, promoting climate-friendly and high-yielding crop
nutrition solutions for the world’s farming community and food industry.
Yara’s ambition is to be the Crop Nutrition Company for the Future. We are
committed to creating value for our customers, shareholders and society at
large, as we work to develop a more sustainable food value chain. To achieve our
ambition, we have taken the lead in developing digital farming tools for
precision farming, and work closely with partners throughout the food value
chain to improve the efficiency and sustainability of agriculture and food
production.
Founded in 1905 to solve the emerging famine in Europe, Yara has established a
unique position as the industry’s only global crop nutrition company. With our
integrated business model and a worldwide presence of around 16,000 employees
and operations in over 60 countries, we offer a proven track record of
responsible and reliable returns. In 2020, Yara reported revenues of USD 11.7
billion.
www.yara.com (http://www.yara.com)
This information is subject to the disclosure requirements pursuant to Section
5-12 the Norwegian Securities Trading Act
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