Nov 11 (Reuters) - German potash and salt miner K+S

reported on Tuesday a better than expected core

profit for the third quarter, helped by higher average prices in

its agriculture business.

Potassium chloride prices have stabilized in recent months,

hovering slightly above the $350 a metric ton mark, rising from

historic lows of late 2024, where they fell to below $280 a ton.

The Hessian-based firm reported earnings before interest,

taxes, depreciation and amortization of 111 million euros ($129

million) for the July-September period. That was above analysts

expectations of 105 million euros according to a poll by Vara

research.

K+S said that selling prices increased slightly compared

with the second quarter of 2025, mitigating the cost of

maintenance works.

However, its revenue came in at 879 million euros, below

analysts expectations of 910 million euros according to Vara.

That was due to below average demand for de-icing salt in its

industrial business, the company said.

K+S results echoed those of peers such as U.S.-based Mosaic,

and Norwegian Yara which beat expectations as

higher prices drive up profits.

The company also narrowed its core profit outlook. It now

expects 2025 core profit within a range of 570-630 million euros

from a previously expected 560-640 million euros.

K+S lowered its sales volumes guidance. It now expects total

sales volumes for the year of 7.4 million tonnes for all

agricultural goods, compared with a previously expected 7.5-7.7

million tonnes.

($1 = 0.8575 euros)