Investor Relations

Quarterly Report 3Q 2014

Third quarter 2014 financial highlights
Millions, except where indicated otherwise 3Q 2014 3Q 2013
Revenue and other income NOK 24,095 20,613
Operating Income NOK 2,501 2,022
Share net income equity-accounted investees NOK 159 260
EBITDA NOK 3,964 3,318
EBITDA excl. special items NOK 4,002 3,223
Net income after non-controlling interest NOK 1,707 1,571
Earnings per share 1) NOK 6.18 5.66
Earnings per share excl. currency and special items 1) NOK 7.62 5.62
Average number of shares outstanding (millions) NOK 276.2 277.6
CROGI (12-month rolling average) 11.8% 14.6%
ROCE (12-month rolling average) 11.1% 15.9%
Production (Kt) 2)      
Ammonia kt 1,810 1,867
 of which equity accounted investees kt 400 381
Urea kt 1,244 1,200
 of which equity accounted investees kt 405 390
Nitrate kt 1,691 1,604
 of which equity accounted investees kt 115 127
NPK 3) kt 1,181 1,173
 of which equity accounted investees kt 52 50
CN kt 348 313
UAN kt 236 288
SSP - based fertilizer 4) kt 254 223
Total production kt 6,763 6,668
       
Sales volumes (Kt)
Ammonia kt 650 686
 of which industrial products 5) kt 172 163
Urea kt 1,677 1,390
 of which fertilizer kt 1,296 1,112
 of which Yara-produced fertilizer kt 432 376
 of which Yara-produced Industrial products 6) kt 318 258
 of which equity-accounted investees kt 626 605
Nitrate kt 1,580 1,499
 of which fertilizer kt 1,390 1,305
 of which Yara-produced fertilizer kt 1,274 1,168
 of which Yara-produced Industrial products kt 145 159
NPK kt 2,721 2,412
 of which Yara-produced compounds kt 914 977
 of which Yara-produced blends kt 1,713 1,402
CN kt 336 328
 of which fertilizer kt 225 229
 of which Yara-produced fertilizer  kt 215 226
 of which Yara-produced Industrial products kt 104 93
UAN kt 274 258
 of which Yara-produced fertilizer  kt 259 255
DAP/MAP kt 202 114
MOP/SOP  kt 319 182
Other products kt 1,222 1,063
 of which industrial products 7) kt 816 823
Total sales 7) kt 8,982 7,933
       
Price
Realized European nitrate price 8) USD/t    327
       
Energy cost 2)    
USD per MMBtu
Oil & gas cost (weighted average) USD per MMBtu 6.1 7.5
Oil & gas cost Europe (weighted average) USD per MMBtu 7.5 10.8
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. Tringen is from 2014 classifies as "Joint operations" in line with IFRS 11, and is not any longer included as equity-accounted investee. 2013 has been restated accordingly
3) Excluding NPK blends
4) Primarily an intermediate product used to make NPK blends
5) 82% ammonia equivalents
6) 46% urea equivalents      
7) Including feed phosphates and CO2 sales volumes as from 2014 reporting. 2013 has been restated accordingly.
8) Per ton of CAN equivalents      
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