Oslo, 8 February 2022: yara improved reports fourth trimester the results that the price increase more than offset the impact of the increase energy cost. Fourth trimester EBITDA excluding exceptional items1 was USD 765 million compared to USD 511 million a year earlier. NOTand income was a negative $26 million from a positive $246 million a year agoas Yara recognizesD impairment losses of USD 250 million, of which $232 million is related to the Dallol mining project in EthIOpia. Excluding currency effects and special items, basic profit per to share1 was USD 1.19 compared to USD 0.76 per share in foyourth quarter 2020.
The main elements of the fourth quarter results are as follows:
- Improved margins reflect the resilience of the business model
- 7.9% ROI1Consistent with a year earlier than offset growth in margin impairments
- NOK 30 per share proposed annual dividend; in total NOK 58 per share cash returns2 paid and offered for 2021
“Yara delivers strong returns in a volatile environment, with EBITDA excluding exceptionals up 50%. I would like to give credit to our organization for a solid effort,” said Svein Tore Holsether, President and CEO of Yara.
“We are proposing a dividend of NOK 30 per share at the annual general meeting, bringing our total cash distribution to shareholders for 2021 to NOK 58 per share,” Holsther said.
fourth quarter operating income was $148 million, compared to USD 210 million a year earlier. Net profit attributable to parent shareholders was $41 million (USD 0.16 per share) compared to USD 246 million (USD 0.93 per share) a year earlier.
Yara’s industry fundamentals are robust, as the twin challenges of resource efficiency and environmental footprint require significant transformations in 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.
Yara’s market environment is supportive, with rising nitrogen prices broadly reflecting both strong demand and a tight supply situation. However, natural gas prices and volatility continue to pose a challenge for the nitrogen industry in Europe, adding to global food safety concerns in a situation with already tight supply across key nutrients.
Link to report, presentation and webcast 8 February at 12:00 CET:
1) For the definition and reconciliation of Alternative PErfitness measuresSee the APM section in the 4th quarter report, page 31-36
2) Including NOK 20 additional dividend paid 3Q 2021 and share buybacks (included in the year of purchase, including the corresponding pro rata share buyback from the Norwegian state)
Note on alternative performance measures: alternative performance measures are defined, explained and reconciled to the financial statements in the APM section of thth quarterly report on the pages 31-36.
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This information is considered part of the information within the Market Abuse Regulation and is subject to EU disclosure requirements under Section 5-12 of the Norwegian Securities Trading Act. This stock exchange announcement was published by Silje Ingeberg Nygaard, Head of Investor Relations at Yara International ASA, on February 8, 2022 at 08:00 CET.
Yara drives knowledge to responsibly feed the world and protect the planet. Supporting our vision of a world without hunger and a respected planet, we pursue a strategy of sustainable value growth, promoting climate-friendly crop nutrition and zero-emission energy solutions. Yara’s ambition is focused on growing a positive food future from nature that creates value for our customers, shareholders and society at large and provides a more sustainable food value chain.
To achieve our ambition, we have taken the lead in developing digital agricultural tools for precision farming and working closely with partners across the food value chain to improve efficiency and sustainability. of food production. Through our focus on clean ammonia production, our goal is to enable the hydrogen economy, driving a green transition of shipping, fertilizer production and other high-intensity industries. energy intensity.
Founded in 1905 to solve the emerging famine in Europe, Yara has established a unique position as the industry’s global crop nutrition company. We use an integrated business model with approximately 17,000 employees and operations in over 60 countries, with a proven track record of strong Return. In 2021Yara turnover of USD 16.6 billion.
Yara 4th Quarter 2021 Report
Yara Q4 2021 Presentation