Yara reports increased results in third quarter, plans to enhance profitability and sustainability

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

In the third quarter, Yara’s EBITDA, excluding special items, was $585 million, compared to $396 million in the previous year, with a net profit of $286 million. The company achieved record production figures, strong margins on premium products, and increased returns, although still below target.

Yara’s CEO, Svein Tore Holsether, emphasized the need for profitable growth to secure the company’s future. Despite recent volatility, Yara aims to enhance profitability by focusing on high-return core operations and scaling down lower-return activities to prioritize sustained profitability.

Holsether expressed confidence in Yara’s ability to implement necessary changes and achieve sustainable profitability, focusing on core operations and value-added growth. The company’s report, presentation, and webcast will be available on October 25, 2024, at 12:00 PM.

Yara aims to provide food sustainably while reducing emissions, developing emission-free energy solutions and producing low-emission ammonia. With a global presence and a focus on sustainability, Yara is a leading fertilizer company and the largest distributor of ammonia, with a revenue of $15.5 billion in 2023.

For more information on Yara and its sustainable practices, visit www.yara.no. The company’s commitment to food security and sustainability positions it as a key player in driving environmental change in various industries, including agriculture and shipping.



Read more at GlobeNewswire:: Yara leverer økte resultater