Yara reports increased EBITDA and net income, focusing on core operations for improved profitability.

From GlobeNewswire: 2024-10-25 02:00:00

Yara reported a third-quarter EBITDA of USD 585 million, up from USD 396 million the previous year. Net income also rose to USD 286 million from USD 2 million. The company achieved strong production performance and premiums, but returns are still below target. Yara is focusing on core operations and high-return assets to improve profitability.

Yara’s CEO, Svein Tore Holsether, emphasized the importance of sustainable profitability and value-accretive growth to ensure a fit-for-future company. Despite recent below-satisfactory returns, Yara is confident in making necessary changes to increase shareholder returns by focusing on core operations and high-return assets.

Yara aims to drive the green shift in fertilizer production by reducing emissions from crop nutrition production and developing low-emission energy solutions. The company has positioned itself as a global crop nutrition leader with 18,000 employees in over 60 countries and reported revenues of USD 15.5 billion in 2023. Yara’s ambition is to create a nature-positive food future and a more sustainable food value chain.



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