Yara International ASA reported unaudited consolidated earnings results for the fourth quarter and the year ended December 31, 2009. For the quarter, company reported net income attributable to shareholders of the parent of NOK 1,424 million or NOK 4.93 per share on revenue of NOK 13,401 million against net loss attributable to shareholders of the parent of NOK 2,109 million or NOK 7.27 per share on revenue of NOK 18,756 million last year. Earnings before interest expense and tax were NOK 809 million against NOK 785 million last year. Income before tax was NOK 413 million against loss before tax of NOK 2,609 million last year. Operating income was NOK 279 million against NOK 408 million last year. EBITDA was NOK 1,394 million against NOK 1,626 million last year. Earnings per share excluding currency and special items were NOK 4.35 against loss per share excluding currency and special items of NOK 0.10 last year. Revenue and other income was NOK 13,791 million against NOK 18,957 million last year. The result for the quarter includes NOK 1,009 million tax income due to a combination of internal group restructuring and improved utilization of tax losses. Excluding net foreign exchange gains/losses and special items, net income was NOK 1,256 million, compared with a negative NOK 29 million in fourth quarter 2008. EBITDA excluding special items was NOK 1,107 million against NOK 1,730 million last year. Fourth-quarter EBITDA excluding special items improved slightly compared with the third quarter as overall sales of own-produced fertilizer were stable while margins improved. For the year, company reported net income attributable to shareholders of the parent of NOK 3,782 million or NOK 13.08 per share on revenue of NOK 60,867 million against net income attributable to shareholders of the parent of NOK 8,228 million or NOK 28.27 per share on revenue of NOK 87,926 million last year. Earnings before interest expense and tax were NOK 3,058 million against NOK 15,717 million last year. Income before tax was NOK 3,477 million against NOK 10,905 million last year. Net cash from operating activities was $11,925 million against $3,986 million last year. Purchases of property, plant and equipment was $4,260 million against $3,276 million last year. Full-year EBITDA was down 69% compared with last year, primarily reflecting significantly lower prices and margins. Net interest-bearing debt at end of period was NOK 16,227 million against NOK 16,227 million last year. Net interest-bearing debt as at December 31, 2009 was NOK 16,227 million, increased by NOK 326 million during fourth quarter 2009. Operating income was NOK 1,271 million against NOK 12,281 million last year. EBITDA was NOK 5,549 million against NOK 17,917 million last year. EBITDA excluding special items was NOK 1,107 million against NOK 1,730 million last year. EBITDA excluding special items was NOK 5,492 million against NOK 17,723 million last year. Earnings per share excluding currency and special items were NOK 8.82 against NOK 36.28 last year. Revenue and other income was NOK 61,418 million against NOK 88,775 million last year. EBITDA excluding special items was NOK 5,492 million against NOK 17,723 million last year. Full-year EBITDA was down 69% compared with last year, primarily reflecting significantly lower prices and margins. The Board will propose to the Annual General Meeting a dividend payment of NOK 4.50 per share for 2009, which represents 34% of net income.

Yara International ASA, Annual General Meeting, May 11, 2010

Yara International ASA reported earnings results for the fourth quarter and year of 2009. For the quarter, the companys revenue decreased 27% year on year to NOK 13.79 billion. For the year, the net income dropped 54% from 2008 to NOK 3.81 billion, while revenue fell 31% year on year to NOK 60.86 billion.

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