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SANTIAGO, Chile, Nov. 20, 2019 /PRNewswire/ —



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Sociedad Química y Minera de Chile S.A. (SQM) (NYSE: SQM; Santiago Stock Exchange: SQM-B, SQM) appear today balance for the nine months concluded September 30, 2019 of US$211.2 actor (US$0.80 per ADR), a abatement from US$331.2 actor (US$1.26 per ADR) for the nine months concluded September 30, 2018. Gross profit(3) accomplished US$422.2 actor (28.7% of revenues) for the nine months concluded September 30, 2019, lower than US$579.1 actor (34.1% of revenues) recorded for the nine months concluded September 30, 2018. Revenues totaled US$1,471.4 actor for the nine months concluded September 30, 2019, apery a abatement of 13.5% compared to US$1,700.6 actor appear for the nine months concluded September 30, 2018.

The Aggregation additionally appear balance for the third division of 2019, advertisement net assets of US$60.5 actor (US$0.23 per ADR) compared to US$83.5 actor (US$0.32 per ADR) for the third division of 2018. Gross accumulation for the third division of 2019 accomplished US$134.2 million, lower than the US$162.1 actor recorded for the third division of 2018. Revenues totaled US$473.1 million, a abatement of about 12.9% compared to the third division of 2018, back revenues amounted to US$543.2 million.

SQM’s Chief Executive Officer, Ricardo Ramos, stated: “The after-effects of the third division of 2019 were impacted by lower sales volumes and, as anticipated, decidedly lower boilerplate lithium prices. The access in iodine prices partially account the after-effects of this quarter”.    

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“The abatement in lithium prices was a aftereffect of lower than accepted appeal advance this year, accompanying to changes in Chinese subsidies and customers’ accommodation to abate their inventory. We appraisal that the absolute appeal advance in 2019 could be lower than our abiding estimates ambit of 16-20%, extensive about 14%. Consequently, the abrogating appraisement trend apparent in the third division should abide into the fourth division of 2019. We abide absolute on our 2019 sales volumes extensive about 47,000 MT. Despite the concise abatement in the lithium appeal this year, we abide absolute absolute about the abiding appeal fundamentals and abide with our commitments to the advanced appear accommodation expansions in Chile and the development of the Mt. Holland activity in Australia.”

He connected by saying, “This year, we accept apparent absolute amount dynamics in iodine and derivatives business band area our boilerplate amount has added back compared to 2018. In the contempo years, we accept been accretion our iodine sales volumes advanced of accommodation expansion, appropriately decidedly abbreviation account levels. That has accustomed us to balance our bazaar allotment but put assertive constraints on continuing our advance at the aforementioned pace. Because of these constraints, our iodine sales volumes could be hardly lower this year, extensive about 13,000 MT and that trend may abide in 2020. We are currently alive on the basic stages of iodine accommodation amplification to serve the bazaar needs in the future”.    

Mr. Ramos went on to say: “The aggregation is carefully ecology the contempo contest in Chile, abnormally their aftereffect on the alteration of our advisers and contractors, acumen and anchorage services. As always, our antecedence has been the assurance and abundance of our employees, contractors and adjoining communities”.

About SQM

SQM´s business action is to be a all-around company, with bodies committed to excellence, committed to the abstraction of minerals and selectively chip in the assembly and auction of articles for the industries capital for animal development (e.g. food, health, technology). This action was congenital on the afterward bristles principles:

These attempt are based on the afterward key concepts:

For added information, contact:

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Gerardo Illanes 56-2-24252022 / Media
Kelly O’Brien 56-2-24252074 / Media
Irina Axenova 56-2-24252280 / Media media inquiries, contact: 

Maria Ignacia Lopez / Media Pisani / Media Rebolledo / Media Region)

Cautionary Note Regarding Forward-Looking Statements

This account absolution contains “forward-looking statements” aural the acceptation of the safe anchorage accoutrement of the U.S. Private Securities Litigation Reform Act of 1995.  Advanced statements can be articular by words such as: “anticipate,” “plan,” “believe,” “estimate,” “expect,” “strategy,” “should,” “will” and agnate references to approaching periods.  Examples of advanced statements include, amid others, statements we accomplish apropos the Company’s business outlook, approaching bread-and-butter performance, advancing profitability, revenues, expenses, or added banking items, advancing amount synergies and artefact or account band growth.

Forward-looking statements are neither absolute facts nor assurances of approaching performance.  Instead, they are estimates that reflect the best acumen of SQM administration based on currently accessible information.  Because advanced statements chronicle to the future, they absorb a cardinal of risks, uncertainties and added factors that are alfresco of our ascendancy and could account absolute after-effects to alter materially from those declared in such statements. Therefore, you should not await on any of these advanced statements.  Readers are referred to the abstracts filed by SQM with the United States Securities and Exchange Commission, accurately the best contempo anniversary address on Form 20-F, which identifies important accident factors that could account absolute after-effects to alter from those independent in the advanced statements. All advanced statements are based on advice accessible to SQM on the date hereof and SQM assumes no obligation to amend such statements, whether as a aftereffect of new information, approaching developments or otherwise.

SOURCE Sociedad Quimica y Minera de Chile, S.A. (SQM)

Media

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