Investor Relations

BoD report 2008

In 2008, Yara achieved its best results so far. During the market slowdown caused by the global financial crisis at the end of the year, Yara benefited from its unique, flexible business model and is well positioned for both a recovery in demand and pursuit of further growth initiatives.

Yara has delivered strong results since its listing on the Oslo Stock Exchange in 2004, having implemented several projects to boost growth and taken an active role in the restructuring of the fertilizer industry. During 2008, Yara delivered on its industry shaper vision and growth ambitions with several important initiatives, the largest of which was the acquisition of the Canadian-based company Saskferco.

Yara managed to mitigate the effects of the financial crisis towards the end of 2008, benefiting from its flexible business model. Although production was temporarily curtailed, inventories were deliberately increased to prepare for a fertilizer market recovery in 2009. The Board of Directors considers the long-term fundamentals for fertilizer demand to remain strong and that Yara is well positioned to deliver in 2009 and beyond.

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