K+S

K+S lowers the top end and raises the bottom end of its 2026 EBITDA forecast to €700–750 million, citing supply shortages in the global potash market and missing price increases overseas. In the third quarter, sales rose by just over 6% to €934 million, but operating profit fell to €108 million due to higher logistics and energy costs and a maintenance shutdown in Bethune. After nine months, operating profit stands at €563 million and adjusted free cash inflow at €119 million. K+S is pushing ahead with investments: the new combined heat and power plant in Bethune is in operation, and the Werra-2060 project to secure the German site is expected to cost around €600 million. » More on deraktionaer.de

K+S’s share price has fallen about 15% over the past three weeks as the special boom in the fertilizer market cools. Analysts at Berenberg expect supporting potash prices in the short term but warn of an oversupply from 2027 that is likely to push prices down. A small net loss for the third quarter is forecast on average; a quick comeback for the stock is currently not evident either fundamentally or technically. » More on finanzen.net

The announced potash shipments from a US deal with Belarus, together with the full production ramp-up at Belaruskali, will increase supply on the world market and are likely to push potash prices down. That could weigh on K+S’s margins and outlook; the company’s Q3 report on November 10 will show material effects. Technically, the stock finds support around €16, but a quick challenge to the yearly high appears unlikely. » More on finanzen.net

After a post by Donald Trump on Truth Social about negotiations with Belarus to procure fertilizers, K+S shares came under pressure. Trump named Belaruskali and other suppliers as potential, cheaper sources compared with Canadian suppliers, which could threaten K+S’s US business at the Bethune potash mine. The stock initially fell about four percent, but pared losses to roughly 1.5 percent. Market participants see possible short-term sentiment pressure but consider direct, lasting damage to K+S unlikely, since Belarus exports have never completely disappeared from the market. » More on deraktionaer.de

Environment Minister Christian Meyer demands that K+S cease discharging production wastewater into the Werra—and thus the Weser—no later than 2027. K+S had announced plans to continue discharges beyond 2027, but recently pledged that from 2028 it will only release less concentrated heap water into the river. Meyer criticizes the company's delay and warns that low-water periods will further increase salt concentrations in the Weser; all Weser riparian states have pledged a gradual reduction of salt pollution. » More on finanzen.net