EuroChem is running out of cash flow
Last year, EuroChem’s revenue remained virtually unchanged at $6.166 billion, however, its free cash flow declined by 71% to $86 million. The net debt of the company increased by 2% to $4.278 billion.
Sales of EuroChem mineral fertilizers increased by 12% to 17.914 million tons, of which sales of nitrogen fertilizers raised by 3% to 8.912 million tons, phosphorus fertilizers by 5% to 2.681 million tons, complex fertilizers by 12% to 3.705 million tons, while the sales of potassium fertilizers decreased by 2% to 2.191 million tons.
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