SQM point to bearish iodine, potash, prices in Q3 results as EBITDA tanks
Published: Wednesday, 19 November 2014
The lower sales volume recorded in the company’s iodine and potash segments have clearly taken their toll on SQM. Throughout the earnings release the company emphasises its commitment to reducing costs, adding that it believes these efforts will be reflected in its 2015 results.
Leading Chilean lithium producer SQM today reported Q3
2014 results which highlighted its highest EBITDA* margin on
record, but saw earnings and revenue slide on the back of iodine and potash pricing
The company posted revenues of $466.4m, across the group in
Q3 2014, down from $521.1m the previous...