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# Yara publishes 2023 Integrated Report

Publication Date: 2024-03-21T20:00:32-04:00
Last Updated: 2024-09-21T05:58:06-04:00

Author: Editors (https://www.fertilizerdaily.com/author/fertilizereditors/)

Categories: [Corporate](https://www.fertilizerdaily.com/corporate/), [Markets](https://www.fertilizerdaily.com/markets/)

![Yara publishes 2023 Integrated Report](https://www.fertilizerdaily.com/wp-content/uploads/2024/03/Yara-integrated-report-210324.png)

Yara has said that although 2023 brought both operational challenges and pressure on its margins, its strategy remains sound.

Yara on Thursday released its [2023 Integrated Report](https://www.yara.com/siteassets/investors/057-reports-and-presentations/annual-reports/2023/yara-integrated-report-2023.pdf). The Norwegian chemical company’s full-year net income for 2023 was $54mn, compared with $2.78bn a year earlier, which it said mainly reflected lower margins and higher impairment loss driven by a $168mn impairment of the Tertre plant in Belgium.

Yara’s full-year 2023 EBITDA, excluding special items, was $1.7bn, down 65% from a record high of $4.89bn a year earlier.

The company also reported that deliveries decreased by 5% year on year, which it attributed to a reduction in the availability of third-party products following the imposition of sanctions on Russia.

Yara emphasized in the 354-page report that although 2023 brought both operational challenges and pressure on its margins, its push to improve operational flexibility and resilience remains a fundamentally sound strategy.

Yara said that in the long term its ambition is to ensure a ‘Nature-Positive Food Future’, and that companies able to support sustainable food production will be positioned for growth and value creation.

Tags: [2023 Integrated Report](https://www.fertilizerdaily.com/tag/2023-integrated-report/), [food sustainability](https://www.fertilizerdaily.com/tag/food-sustainability/), [income](https://www.fertilizerdaily.com/tag/income/), [Russia](https://www.fertilizerdaily.com/tag/russia/), [Tertre plant](https://www.fertilizerdaily.com/tag/tertre-plant/), [Yara](https://www.fertilizerdaily.com/tag/yara/)

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