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"Christian Faitz
Okay, great. Then second question, you already mentioned the good performance of Bethune already also in October, record rates. What is your current annualized run rate for Bethune?
Burkhard Lohr
Yes. We stick to the number that we gave. First of all, I’m really happy and proud on that development. We were facing the problems that you know and we have solved them in a tremendous way, and we know there are two more steps. We will implement the final grinder pump. Now we are working with a temporary.
And once the cooling facility is installed, we have reached the quality that we are looking for and the production process and the flow that we are looking for. Currently, we are able to deload the rail cars with free-flowing material. It’s really, really good. And we have one week after the other a new production record. So it took us a little bit time in Q3 to get to that performance that we – while we are ending more at the lower end of the guidance that we gave of 1.4 million to 1.5 million. But we are pretty sure that we will achieve the range 1.7 million to 1.9 million for 2019.
Andreas Heine
Okay, good. Happy on that. And then maybe just an update on Bethune. So the target was to achieve to be EBITDA- plus this year. Can you confirm that, that is the case?
Burkhard Lohr
Yes, I can confirm. And it will be a midsize double- digit amount, the EBIT number – sorry, EBITDA number, of course, for this year. And I also confirm that we want to achieve EBIT breakeven next year, and that is doable with the rate production range that I gave you.
Neil Tyler
Okay. Thank you. I might just chance another one very quickly. Bethune, do the ongoing product issues impact the realizable price of the product you’re selling? Or is it really just a volume issue at the moment?
Burkhard Lohr
No, it is only a volume issue. We have no – we are selling to market prices.
Burkhard Lohr
Yes. The inflation and extraordinary inflation items are more a German topic. And you know that we have the biggest cost item of cost of production in Canada is natural gas. And as Thorsten earlier said, we have hedged this even into 2022, not the whole volume but a good portion of that. And so inflation is not a big issue in Bethune."
seekingalpha.com/article/...-earnings-call-transcript?page=10
Okay, great. Then second question, you already mentioned the good performance of Bethune already also in October, record rates. What is your current annualized run rate for Bethune?
Burkhard Lohr
Yes. We stick to the number that we gave. First of all, I’m really happy and proud on that development. We were facing the problems that you know and we have solved them in a tremendous way, and we know there are two more steps. We will implement the final grinder pump. Now we are working with a temporary.
And once the cooling facility is installed, we have reached the quality that we are looking for and the production process and the flow that we are looking for. Currently, we are able to deload the rail cars with free-flowing material. It’s really, really good. And we have one week after the other a new production record. So it took us a little bit time in Q3 to get to that performance that we – while we are ending more at the lower end of the guidance that we gave of 1.4 million to 1.5 million. But we are pretty sure that we will achieve the range 1.7 million to 1.9 million for 2019.
Andreas Heine
Okay, good. Happy on that. And then maybe just an update on Bethune. So the target was to achieve to be EBITDA- plus this year. Can you confirm that, that is the case?
Burkhard Lohr
Yes, I can confirm. And it will be a midsize double- digit amount, the EBIT number – sorry, EBITDA number, of course, for this year. And I also confirm that we want to achieve EBIT breakeven next year, and that is doable with the rate production range that I gave you.
Neil Tyler
Okay. Thank you. I might just chance another one very quickly. Bethune, do the ongoing product issues impact the realizable price of the product you’re selling? Or is it really just a volume issue at the moment?
Burkhard Lohr
No, it is only a volume issue. We have no – we are selling to market prices.
Burkhard Lohr
Yes. The inflation and extraordinary inflation items are more a German topic. And you know that we have the biggest cost item of cost of production in Canada is natural gas. And as Thorsten earlier said, we have hedged this even into 2022, not the whole volume but a good portion of that. And so inflation is not a big issue in Bethune."
seekingalpha.com/article/...-earnings-call-transcript?page=10
