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During 2009, Yara delivered strong earnings in its Industrial segment, weak financial results in the Downstream and Upstream segments. Downstream further restructured and streamlined its operations; Industrial pursued its leading position in nitrogen applications including environmental solutions; Upstream followed up on strategic growth initiatives, increasing capacity.
Industrial creates value by developing and selling chemical products and industrial gases to non-fertilizer segments such as the chemical, civil explosives and food and beverage industries. Industrial EBITDA excluding special items more than doubled compared with 2008, primarily reflecting higher margins from contracts entered into at higher prices.
Upstream is the backbone of Yara’s production system, including world-scale ammonia and fertilizer plants, phosphate mines and global trade of ammonia. Upstream delivered a weak financial result in 2009, impacted primarily by low margins for all finished fertilizer products and lower sales of NPK in particular
Downstream provides a unique global presence, consisting of Yara’s worldwide marketing organization and global distribution network for fertilizer products and agronomic solutions. Downstream delivered weak 2009 results as earnings were impacted by reduced volumes, lower market prices and position losses from declining prices.
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In 2009, we saw our business model put to a tough test following the dramatic decline in fertilizer sales at the end of 2008. We reacted with determination, employing our scale advantage, unique flexibility and unrivalled presence.
Financial_Report 2009(PDF, 8.6MB)
Finansrapport_2009(PDF, 8.3MB)
Citizenship Report 2009(PDF, 9.7MB)
Report of the Board of Directors(PDF, 980KB)
Financial Statements(PDF, 5.5MB)
Corporate Governance(PDF, 409KB)
Historical data(XLS, 160KB)
