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Germany's K+S axes earnings guidance as severe drought hits production

Cecilia Jamasmie | November 15, 2018 | 9:16 am Europe Potash 

Germany-based fertilizer producer K+S AG (FRA:SDF1) has revised down its full-year earnings guidance after a severe drought hit production at its main mine network in the third quarter. The miner now expects earnings before interest, taxes, depreciation and amortization (EBITDA) to come at between 570...

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