By Vibeke Laroi
Dec. 9 (Bloomberg) -- Yara International ASA, the world’s largest fertilizer producer, expects to deliver strong results this year as the economic slowdown forces the company to take measures to counter lower fertilizer sales.
Yara expects a return on capital “far above its profitability target,” the Oslo-based company said in a statement distributed by Hugin today, without being specific. Fertilizer deliveries in October and November are down from last year, it said.
The company said it has a goal of increasing its market share to 10 percent from 8 percent. It issued estimates under different scenarios for future full-year earnings of as little as 14 kroner a share and as much as 31 kroner a share.
To contact the reporter on this story: Vibeke Laroi in Oslo at vlaroi@bloomberg.net
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