Due to the lower-than-anticipated potash price, ICL expects to see a negative impact to its 2023 EBITDA guidance of approximately US$400 million. In addition, a recovery in demand for flame retardants, which was expected in the second half of the year, has not yet begun to materialise. If a recovery is delayed until the end of 2023, it could result in a further reduction of approximately US$200 million in EBITDA guidance for the year. The company reiterated it is on track with regard to its five-year plan and does not expect these developments to have a material impact on its execution.
Emily Thomas
Deputy Editor
Emily joined Palladian Publications in October 2019 after graduating from the University of Birmingham with a degree in English Language. She is now working as a Deputy Editor for World Fertilizer and Oilfield Technology magazine.
Outside of work, Emily enjoys going to gigs, sipping on cocktails, and adding to her ever-expanding collection of houseplants and cacti.
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