September 13, 2017 19:35
UralChem expecting $400 mln EBITDA in 2017 (Part 2)
MOSCOW. Sept 13 (Interfax) - UralChem expects earnings before interest, taxes, depreciation and amortization (EBITDA) this year will be 10%-15% above the original target as fertilizer prices have recovered more quickly, UralChem CEO Dmitry Konyaev told journalists.
"The market is recovering more quickly than we anticipated so we're exceeding the EBITDA in our business plan by roughly 10%-15%," Konyaev said.
The company originally targeted $360 million EBITDA in 2017, so on that basis EBITDA could approach $400 million. UralChem posted $300 million EBITDA for 2016.
Konyaev said the growth would be driven by increased fertilizer prices while maintaining production levels with last year.
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