Yara International 2023 Annual Report Highlights and Analysis
Yara International 2023 Annual Report Highlights and Analysis
Index
Overview and Financial Metrics
Strategy Highlights
KPI Distortion, Digital Farming Solutions, Yara FX Insight
Regenerative Ag and Agoro Carbon Alliance Approach and Revenue
Premium Generated (through Premium Products)
Yara Amplix (Biostimulants) and The Sauce Paradox
Research and Development and Corporate VC
Final Thoughts
Overview
Yara is a Norway-based global fertilizer company. It produces, distributes, and sells nitrogen-based fertilizers and related industrial products. Excluding Chinese producers, Yara is the largest global player in nitrates and NPK and the second largest in ammonia.
The company operates an integrated business model. It has 26 production plants, 200 infrastructure sites, 10,800 Yara branded retail outlets worldwide, more than 18,000 employees and sells its products in more than 140 countries.
The company’s main production footprint is in Europe. The Norwegian Government owns approximately 36% of Yara’s shares and is the company’s largest shareholder.
2023 was a challenging year for Yara, not only compared to 2022, but compared to the last decade or more of results!
Revenue was down below 2021 levels at $15.5 Billion, with operating income and operating margins the lowest since 2009 and EBITDA the lowest since 2017: