Dicall69 schreef op 28 mei 2019 18:28:
Uit onderstaand kunnen we in ieder geval van halfjaarcijfers uitgaan die alles dubbel en dik gaan goedmaken, tussentijds zal het mij benieuwen, hoe lang men de druk op de koers kan houden !!!
Hari Thirumalai, [63]
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This was more in relation to trying to understand your business a little better. Obviously, it's comforting to see a very strong guidance for the second quarter and that's great, but just in terms of trying to reconcile your guidance and confidence in terms of not only just hitting your EBITDA numbers, but also seeing good momentum in volumes. How do I reconcile that with the information that's released by the USDA, especially in relation to corn planted and soybean planted, especially in the Midwest, where we still see a significant backlog in relation to where the acreage is relative to where it was last year, for example, in places like Illinois, it's still way below what it was in mid-May where it was about 95% planted, now it's still 25%. So I'm just trying to understand how does it work in terms of your ability to shift volumes when acreage planted for corn and soybean in the Midwest continues to be low?
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Nassef Onssy Naguib Sawiris, OCI N.V. - CEO & Executive Director [64]
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So first of all, we are now talking and we are already end of May. We do not have a lot of volumes to sell in order to meet our guidelines and hence our confidence. What we have to sell from here till end of June are not a lot of quantities. So that is one thing. You can look at it 2 ways. You can look at having 45% of the corn planting taken place as a potential significant uptick next week when the weather should dry up in the Midwest and this is the current expectation. And we have -- the volume is not placed exclusively in our plants. But it has also been distributed to a lot of leased storage facilities. So on a single day, you are not capped by the logistical constraints of shipping out the 1 plant, you're shipping out of in that case 6 or 7 different locations. And the same in Europe. So we have done a lot of work on logistics and we can ship a lot in a very short period of time. So -- but, again, on the guidance, we have not a lot of volumes to sell in June in order to meet your targets for a stronger H1.