Brief: KWS Q1 EBITDA Loss Of EUR 7.1 Mln

KWS SAAT SE & Co KgaA

14/11/2022 06:03

Nov 14 (Reuters) - KWS SAAT SE & CO KGAA  KWSG.DE :
    * POSTS SIGNIFICANT GROWTH IN THE FIRST QUARTER - OUTLOOK
RAISED
    * SALES FORECAST RAISED TO 10-12% (PREVIOUSLY: 7-9%)
    * Q1 KWS GROUP NET SALES UP 21%
    * Q1 NET SALES AT EUR 266.3 (220.8) MILLION
    * Q1 EBITDA REACHED EUR -7.1 (-19.7) MILLION AND EBIT
AMOUNTED TO
EUR -33.1 (-42.1) MILLION
    * Q1 FREE CASH FLOW IMPROVED TO EUR -72.0 (-105.7) MILLION
    * Q1 FINANCIAL RESULT DECLINED TO EUR -29.8 (-17.2) MILLION
    * OUTLOOK 2022: EBIT MARGIN IS STILL EXPECTED TO BE BETWEEN
10%
AND 11%

Source text for Eikon:  ID:nEQ86mGkta 
Further company coverage:  KWSG.DE 
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