Yara

April 22, 2024

Date of next report: April 26, 2024 (08:00 CET)

Date of last report: February 9, 2024

Latest update

Recommendations

Target price (NOK)

April 16, 2024

Buy/add

5

Average

379

Hold/neutral

3

Contributors

10

Oldest update

Sell/reduce

2

February 16, 2024

Quarterly estimates

Yearly estimates

Currency:

2023Q1

2024Q1

2023Y

2024Y

2025Y

2026Y

USDm

Actual

Average

Median

Low

High

Contr

Actual

Average

Contr

Average

Contr

Average

Contr

Revenue and other income

4,161

3,875

3,926

3,392

4,577

10

15,547

15,318

10

15,845

10

16,049

10

Growth

-29.6%

-6.9%

-5.6%

-18.5%

10.0%

10

-35.4%

-1.5%

10

3.4%

10

1.3%

10

Operating income (Yara definition)

199

210

200

112

296

9

312

905

9

1,127

9

1,118

9

Margin

4.8%

5.4%

5.4%

2.4%

8.7%

9

2.0%

5.9%

9

7.1%

9

7.0%

9

EBITDA (Yara definition) excl. special items

487

509

498

402

594

10

1,712

2,124

10

Margin

11.7%

13.1%

13.2%

8.8%

17.4%

10

11.0%

13.9%

10

Total special items in EBITDA (Yara definition)

2

0

0

0

0

10

-3

0

10

EBITDA (Yara definition)

489

509

498

402

594

10

1,709

2,124

10

2,326

10

2,338

10

Margin

11.8%

13.1%

13.2%

8.8%

17.4%

10

11.0%

13.9%

10

14.7%

10

14.6%

10

Foreign currency translation gain/loss

3

1.3

0

0

13

10

-32

1.2

10

0

0

0

0

Income before tax

161

194

195

78

311

10

191

866

10

1,067

10

1,067

10

Net income to parent company shareholders

104

144

149

60

233

10

48

646

10

801

10

800

10

EPS

0.41

0.57

0.58

0.24

0.91

10

0.19

2.53

10

3.15

10

3.14

10

EPS excluding currency and special items

0.40

0.56

0.58

0.24

0.88

10

1.11

2.53

10

No of shares in EPS calculation

254.7

254.7

254.7

254.7

254.7

254.7

254.7

DPS total (NOK)

5.00

16.13

10

21.47

10

22.12

10

DPS total (USD)

0.57

1.54

10

2.05

10

2.11

10

Contributors

Contact: Kristian Lang

ABG Sundal Collier

DNB Markets

Infront

Arctic Securities

Exane BNP Paribas

Telephone: +46 8 519 179 42

BMO Capital Markets

Nordea Markets

E-mail: kristian.lang@infront.co

BofA Securities

Pareto Securities

Deutsche Bank

Sparebank 1 Markets

Definitions

Common

Statistics

Contributors

Name of the contributing firms

Actual

Outcome same period last year

Date of report

Date of the company's next interim report

Average

Arithmetic mean

Latest report

Date of the company's latest interim report

Chg Q

Change in

consensus (average)

since last report, in percent

Latest update

Date of the latest analyst report, included in consensus

Contr

Number of contributors/analysts

Next report

Date of the company's next interim report

Median

The estimate in the middle of the estimates included in consensus

Oldest update

Date of the oldest analyst report, included in consensus

Low

The smallest estimate in the consensus

Target price

The contributors/analysts price target 6-12 month

High

The largest estimate in the consensus

Std

Estimates standard deviation based on the estimates included in consensus

Variables

The variables are defined according to the company's own definitions

DPS

Dividend per share

EPS

Earnings per share, calculated from analysts net profit and Infront Data's number of shares

Growth

Growth in the P&L level above compared to same period last year

Margin

Margin for the P&L level above. P&L level divided by sales excluding VAT

Net earnings

Net earnings attributable to parent company shareholders

No of shares in EPS calculation

Total number of shares outstanding

Disclaimer

Contact Information

This report has been prepared by Infront Data, the financial research department of Infront Finance.

Responsible Analyst

Head of Research

The report has been compiled exclusively for the customers of Infront Data and the consent of Infront Data is required for

Contact: Kristian Lang

Contact: Andreas Westermark

further distribution, copy or publication of the report, be it in whole or in part.

Telephone: +46 8 519 179 42

Telephone: +46 8 519 179 42

E-mail: kristian.lang@infront.co

E-mail: andreas.westermark@infront.co

The content of this report is provided by national as well as international commercial banks, investment banks and financial

brokerage houses, which are deemed by Infront Data as reliable. No guarantee is given as to the accuracy or completeness

For sales inquiries, please contact sales@infront.co.

of the contents, forecasts or recommendations provided in this report.

The report is not constructed as an offer, recommendation or solication to buy or sell any securities or related financial

instruments. This report is provided solely for the information and use of professional investors, whom are expected to make their own decisions without undue reliance on this report.

Information about Infront Data is available at https://www.infront.co or may be obtained upon request.

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Yara International ASA published this content on 22 April 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 April 2024 13:03:09 UTC.