German chemical group K+S reports strong Q1 earnings
German chemical company K+S Group on Tuesday reported strong first-quarter earnings, beating market expectations. First-quarter preliminary earnings before interest, tax, depreciation and amortization (EBITDA) amounted to around €200 million ($214 million). The company also reaffirmed its annual EBITDA guidance. Looking ahead for the full year, the group expects EBITDA to reach €500 million to €650 million. K+S is scheduled to release its first-quarter earnings report on May 13.