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Yara International ASA (OTCPK:YARIY) Q2 2024 Earnings Conference Call July 19, 2024 7:00 AM ET Company Participants Maria Gabrielsen - Head of Investor Relations Svein Tore Holsether - President and Chief Executive Officer Thor Giaever - Executive Vice President and Chief Financial Officer Magnus Ankarstrand - Executive Vice President, Corporate Development and Chief Executive Officer, Clean Ammonia Conference Call Participants Christian Faitz - Kepler Cheuvreux Alex Jones - BofA Rikin Patel - BNPP Exane Chetan Udeshi - JPMorgan Bengt Jonassen - ABG Sundal Collier Aron Ceccarelli - Berenberg Lisa De Neve - Morgan Stanley Tristan Lamotte - Deutsche Bank Charles Bentley – Jefferies Operator Hello, and welcome to Yara's Second Quarter Results 2024 Conference Call. Please note that this call is being recorded.
Yara International ASA (OTCPK:YARIY) Q2 2024 Earnings Conference Call July 19, 2024 6:00 AM ET Company Participants Maria Gabrielsen - Head of Investor Relations Svein Tore Holsether - President and Chief Executive Officer Thor Giaever - Executive Vice President and Chief Financial Officer Maria Gabrielsen Welcome to Yara's Second Quarter Results Presentation. The presentation today will be held by our CEO, Svein Tore Holsether; and our CFO, Thor Giaever.
This project will bolster Yara's (YARIY) renewable ammonia sourcing portfolio and allow it to reliably serve its customers across several markets.
1Q24 results for Yara show lower prices impacting EBITDA, but the company is making efforts to improve production mix and asset flexibility. Yara International has faced challenges in recent months, with a decline in performance compared to the S&P500. Despite macro challenges, Yara's thesis remains strong with a fortress-type balance sheet and long-term upside.
This is a groundbreaking effort that demonstrates Yara's (YARIY) commitment to feeding the globe sustainably while also protecting the environment.