Yara International ASA (FRA:IU20)
€ 12.6 -0.1 (-0.79%) Market Cap: 6.42 Bil Enterprise Value: 9.66 Bil PE Ratio: 28.00 PB Ratio: 1.01 GF Score: 77/100
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Q1 2019 Yara International ASA Earnings Call Transcript

Apr 26, 2019 / 12:30PM GMT
Operator

Good afternoon, ladies and gentlemen, and thank you for standing by. Welcome to today's Yara First Quarter Results 2019 Conference Call. (Operator Instructions) I must also advise you that the conference is being recorded today, Friday, the 26th of April 2019. I would now like to hand the conference over to your speaker today, Lars Rosaeg. Thank you. Please go ahead, sir.

Lars RÃ;sÃ;g
Yara International ASA - Executive VP & CFO

¸¦ -

Thank you very much, operator, and good morning, good afternoon everyone, and welcome to the Yara First Quarter Results Conference Call. I'm sure most of you have already seen our report and the presentation from this morning, so I will limit my opening comments and make sure we have adequate time for Q&A.

Our EBITDA excluding special items in IFRS 16, FX increased by 17% in the first quarter, as improved margins and positive currency effects more than offset lower deliveries. The improvement was largely due to higher European nitrogen margins and a stronger U.S. Dollar. However, we did

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