Yara International ASA Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
October 19, 2021 at 10:39 pm
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Yara International ASA reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported sales was USD 4,495 million compared to USD 2,985 million a year ago. Revenue was USD 4,486 million compared to USD 3,083 million a year ago. Net loss was USD 143 million compared to net income of USD 339 million a year ago. Basic loss per share from continuing operations was USD 0.56 compared to basic earnings per share from continuing operations of USD 1.27 a year ago.
For the nine months, sales was USD 11,530 million compared to USD 8,679 million a year ago. Revenue was USD 11,576 million compared to USD 8,803 million a year ago. Net income was USD 409 million compared to USD 445 million a year ago. Basic earnings per share from continuing operations was USD 1.59 compared to USD 1.65 a year ago.
Yara International ASA is a worldwide leader in producing and selling mineral fertilizers. Net sales break down by activity as follows:
- production and sale of mineral fertilizers (72.8%): 26.4 million tons sold in 2022 of simple nitrogenated fertilizers (calcium nitrates, urea, etc.), complex fertilizers (nitrogen- phosphorous- and potassium- based), specialty fertilizers (plant nutrition products, potassium nitrates, etc.), and magnesium- and sulfur-based fertilizers. Net sales are distributed by geographic area between Europe (32.9%), Americas (48.8%), Africa and Asia (18.3%);
- sale of industrial chemical products (18.5%): 7.4 million tons of nitrogen based chemical products sold (including ammonia, nitric acids, ammonium nitrates) for the automotive, construction, waste treatment, shipping, chemical, mining and animal feed industries;
- production of ammonia (8.1%). The group also develops ammonia trading activity;
- other (0.6%).
At the end of 2022, the group had 26 production sites worldwide.
Net sales are distributed geographically as follows: Europe (35.4%), Brazil (25.6%), Latin America (8%), Asia (12.6%), North America (12.4%) and Africa (6%).