ICL Expects Lower-Than-Expected Chinese Potash Contract Price And Delayed Market Recovery To Impact Annual EBITDA Guidance
Portfolio Pulse from Benzinga Newsdesk
ICL expects a negative impact of approximately $400 million to its 2023 EBITDA guidance due to lower-than-anticipated potash prices and a delayed recovery in demand for flame retardants.
June 22, 2023 | 10:48 am
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NEGATIVE IMPACT
ICL's 2023 EBITDA guidance is expected to be negatively impacted by $400 million due to lower potash prices and delayed recovery in flame retardant demand.
The lower-than-expected potash prices and delayed recovery in flame retardant demand directly impact ICL's earnings, which could lead to a decrease in stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100