Das Thema haben wir schon mal diskutiert. Für Zielitz ist es klar (laut Conference Call am 14.11.19). Hier der Transcript:
<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<< Q3 Results Conference Call 14th November 2019 Claude Henkel (?), Pareto Securities Yeah. Good morning, gentlemen. Thank you for taking my question. I have some problems reconciling the volume guidance, or the reduced volume guidance you've given and the EBITDA impact. If I take the average selling price and multiple it with 2.5 kilo tonnes then that's, well, the average selling price is probably too high because I understand that the cuts mainly refer to pure MOP, so that's probably a little bit high, but nevertheless, if I do that exercise I come up with revenues which are around €50m, or even below €50m. So my question is basically why is the EBITDA impact higher than, or on par, with the revenue impact? Thanks.
Dr. Burkhard Lohr, Chief Executive Officer As we said earlier, because we do, at the same time, maintenance work, which, of course, has a smaller impact than the lost volumes and the not sold volumes, but still has an impact. And, if you add that, you end up with these numbers.
Claude Henkel (?), Pareto Securities Okay. Thanks.
Dr. Burkhard Lohr, Chief Executive Officer And, I mentioned it earlier Zielitz is almost 100% fixed costs. We didn't have the chance to do, I don't know, short work etc which would, a little bit, relax the situation. So, almost 100% fixed cost. <<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<<
Für Bethune ist es auch ungefähr so: Wenn die nicht produzierten 300 000 Tonnen eine Verringerung des EBITDAs um 80 Mio € verursachen, dann sind es ca. 267 €/Tonne, d. h. fast der Verkaufspreis! Fazit: Die einzigen variablen Kosten bei MOP sind für K+S Transport und Energie.
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