Yara posts Q1 income of $1039 M

The first-quarter EBITDA excl. special items was posted at $1,346 million

Leading crop nutrition company Yara has posted first-quarter operating income of $1,039 million compared with $322 million a year earlier.

The first-quarter EBITDA excl. special items was posted at $1,346 million, compared with $585 million a year earlier. Net income attributable to shareholders of the parent was $944 million ($3.71 per share) compared with $13 million ($0.05 per share) a year earlier.

Yara’s industry fundamentals are robust, as the twin challenges of resource efficiency and environmental footprint require significant transformations within both agriculture and the hydrogen economy. Yara’s leading food solutions and ammonia positions are well placed to both address and create business opportunities from these challenges.

The first-quarter EBITDA excl. special items was