Brief: KWS H1 Net Income At EUR -85.3 Mln

KWS SAAT SE & Co KgaA

14/02/2022 06:04

Feb 14 (Reuters) - KWS SAAT SE & CO KGAA  KWSG.DE :
    * RAISES GUIDANCE FOR YEAR AFTER A SUCCESSFUL FIRST HALF
    * NOW ANTICIPATES THAT KWS GROUP WILL GROW ITS NET SALES FOR
FISCAL 2021/2022 AS A WHOLE BY 9% TO 11% (PREVIOUSLY: 5% TO 7%)
    * H1 NET SALES INCREASED BY 32% - STRONG GROWTH IN BRAZIL
    * EBIT MARGIN IS STILL EXPECTED TO BE AROUND 10% AND IN A
RANGE
FROM 11% TO 12% AFTER ADJUSTMENT FOR NONCASH EFFECTS FROM
PURCHASE PRICE ALLOCATIONS AS PART OF COMPANY ACQUISITIONS
    * H1 NET SALES IN PERIOD UNDER REVIEW ROSE BY 32.4% TO EUR
431.6
(326.0) MILLION
    * H1 NET INCOME AT EUR -85.3 MILLION
    * H1 EBIT LOSS AT EUR 89.5 MILLION VERSUS LOSS EUR 93.2
MILLION
YEAR AGO

Source text for Eikon:  ID:nEQ9VLTg5a 
Further company coverage:  KWSG.DE 

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