ICL Group Ltd. - ICL STOCK NEWS

ICL (NYSE: ICL) has signed a contract with Indian Potash Limited (IPL) to supply 600,000 metric tons of potash at $280 per ton through December 2021. This price is $50 above previous agreements. This deal is part of a five-year supply agreement established in 2018. ICL’s EVP, Eli Amon, noted that favorable weather, increased planted areas, and tight supply are boosting global potash demand. ICL's robust position in the Indian market is further strengthened by this contract.

ICL has announced a definitive agreement to acquire Compass Minerals América do Sul S.A. for approximately R$2,207 million (~US$402 million), including R$600 million (~US$109 million) of net debt. This acquisition enhances ICL's position in Brazil's specialty plant nutrition market, expanding its product portfolio to serve over 32,000 farms. The acquisition is expected to close by Q3 2021, subject to customary conditions. The deal, alongside ICL's recent acquisition of Fertiláqua, positions the company to leverage synergies and enhance profitability.

Israel Corporation Ltd. (TASE: ILCO) reported its Q4 and annual results for 2020, highlighting a net loss of $14 million for Q4, compared to a loss of $7 million in Q4 2019. The company's share in ICL's profit rose to $30 million, while Bazan incurred a loss of $22 million. Total financial liabilities stood at $1,711 million, with investments in liquid assets at $635 million. The net debt decreased slightly to $1,016 million. The economic impacts of COVID-19 were noted, affecting global and local activities.

ICL, a global leader in specialty minerals and chemicals, has appointed Chris Millington as executive vice president of food and specialties for its Phosphate Solutions division. He replaces James Moffatt, who is retiring after 39 years with the company. Additionally, Gadi Lesin has been named as an independent director on ICL's Board. Millington brings over 25 years of international experience, most recently as global president for the flavor division at Firmenich. This leadership change is directed towards enhancing ICL’s growth in the food specialties sector.

ICL (NYSE: ICL) has filed its annual report on Form 20-F for the fiscal year ending December 31, 2020, with the U.S. SEC. The report is accessible on the SEC's website and ICL's official site. Additionally, shareholders can request a hard copy of the audited financial statements at no cost through Investor Relations. ICL is recognized for addressing sustainability challenges in food, agriculture, and industrial markets, generating approximately $5.0 billion in revenue in 2020 and employing over 11,000 staff globally.

ICL (NYSE: ICL, TASE: ICL), a leading global specialty minerals and chemicals company, announced that CFO Kobi Altman will present at Bank of America's Global Agriculture and Materials Conference on March 4, 2021, at 10:00 a.m. ET. A webcast will be available for live viewing, with a replay accessible for a limited time afterward. ICL focuses on sustainability in food, agriculture, and industrial markets and reported approximately $5.0 billion in revenues in 2020, employing over 11,000 individuals worldwide.

ICL reported strong financial results for Q4 2020, with sales of $1.3 billion, a year-over-year increase of over $200 million. Net income reached $65 million, up 35%, while adjusted EBITDA rose to $268 million, reflecting over 30% growth. All four divisions reported improvements in sales and operating income. The company expects adjusted EBITDA for 2021 to be between $1.02 billion and $1.12 billion, driven by favorable commodity prices and innovative products. Additionally, ICL completed the acquisition of Fertiláqua, enhancing its market position in Brazil.

ICL will report its fourth quarter and full year 2020 results on February 11, 2021, before the TASE market opens. The company plans to host a conference call at 8:30 a.m. ET the same day, led by CEO Raviv Zoller and CFO Kobi Altman, to discuss the results and provide a business update. Access to the call will be available through toll-free numbers and a webcast. ICL employs over 11,000 individuals globally and reported revenues of approximately $5.3 billion in 2019, focusing on sustainable solutions in food, agriculture, and industrial markets.

ICL has successfully completed the acquisition of Fertiláqua, a prominent Brazilian specialty plant nutrition company, for $122 million, including $40 million of net debt. This strategic move aims to enhance ICL's presence in the rapidly growing Brazilian agriculture market, leveraging Fertiláqua's strong distribution network for increased sales of organic and controlled-release fertilizers. CEO Raviv Zoller expressed confidence in expanding sales and achieving seasonal balance in the market.