German chemical company K+S Group on Tuesday reported strong first-quarter earnings, beating market expectations.
First-quarter preliminary earnings before interest, tax, depreciation and amortization (EBITDA) amounted to around €200 million ($214 million).
The company also reaffirmed its annual EBITDA guidance.
Looking ahead for the full year, the group expects EBITDA to reach €500 million to €650 million.
K+S is scheduled to release its first-quarter earnings report on May 13.
