Quarterly Report 1Q 2013

First quarter 2013 financial highlights
Millions, except where indicated otherwise		1Q 2013	1Q 2012

Revenue and other income	NOK	20,690	21,303
Operating Income	NOK	2,682	3,087
Share net income equity-accounted investees	NOK	525	363
EBITDA	NOK	4,129	4,310
EBITDA excl. special items	NOK	4,094	3,933
Net income after non-controlling interest	NOK	2,255	3,008
Earnings per share ¹⁾	NOK	8.04	10.54
Earnings per share excl. currency and special items	NOK	8.51	8.32
Average number of shares outstanding (millions)	NOK	280.6	285.5
CROGI (12-month rolling average)		17.0%	20.7%
ROCE (12-month rolling average)		18.7%	25.2%

Production (Kt) ²⁾
Ammonia	kt	1,826	1,682
of which equity accounted investees	kt	489	365
Urea	kt	1,191	1,007
of which equity accounted investees	kt	426	225
Nitrate	kt	1,520	1,496
of which equity accounted investees	kt	68	63
NPK 3)	kt	1,244	1,137
of which equity accounted investees	kt	11	62
CN	kt	326	310
UAN	kt	248	250
SSP - based fertilizer ⁴⁾	kt	81	62
Total production	kt	6,436	5,945

Sales volumes (Kt)
Ammonia	kt	869	779
of which industrial products ⁵⁾	kt	169	190
Urea	kt	1,598	1,584
of which fertilizer	kt	1,284	1,238
of which Yara-produced fertilizer	kt	449	587
of which Yara-produced Industrial products ⁶⁾	kt	287	269
of which equity-accounted investees	kt	691	432
Nitrate	kt	1,646	1,693
of which fertilizer	kt	1,450	1,466
of which Yara-produced fertilizer	kt	1,352	1,386
of which Yara-produced Industrial products	kt	167	187
NPK	kt	1,626	1,603
of which Yara-produced compounds	kt	1,221	1,174
of which Yara-produced blends	kt	320	275
CN	kt	332	326
of which fertilizer	kt	261	233
of which Yara-produced fertilizer	kt	258	225
of which Yara-produced Industrial products	kt	65	87
UAN	kt	316	392
of which Yara-produced fertilizer	kt	293	377
DAP/MAP	kt	70	241
MOP/SOP	kt	81	40
Other products	kt	572	561
of which industrial products	kt	409	363
Total sales	kt	7,109	7,220

Realized European nitrate price ⁷⁾	USD/t		375

Energy cost ²⁾
Oil & gas cost (weighted average)	USD per MMBtu	8.3	7.9
Oil & gas cost Europe (weighted average)	USD per MMBtu	11.5	11.0

1) Yara currently has no share-based compensation program that results in a dilutive effect on earnings per share
2) Including Yara share of production in equity-accounted investees
3) Excluding NPK blends
4) Primarily an intermediate product used to make NPK blends
5) 82% ammonia equivalents
6) 46% urea equivalents
7) Per ton of CAN equivalents

Investor Relations

Yara result 1Q 2013

Report 1Q 2013(PDF, 1.2MB)

Presentation 1Q 2013(PDF, 735KB)

Financial highlights (XLS)(XLS, 74KB)

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