Brief: KWS Q1 Net Sales Up At EUR 220.8 Mln

KWS SAAT SE & Co KgaA

18/11/2021 05:55

Nov 18 (Reuters) - KWS SAAT SE & CO KGAA  KWSG.DE :
    * GROWS AT A FAST PACE IN FIRST QUARTER 2021/2022
    * Q1 NET SALES UP BY 20% TO EUR 220.8 MLN
    * OPERATING INCOME AND NET INCOME FOR Q1 IMPROVED YEAR OVER
YEAR:
EBITDA WAS EUR  –19.7 (–27.3) MLN, WHILE EBIT WAS
EUR–42.1 (–50.5) MLN
    * Q1 NET FINANCIAL INCOME/EXPENSES CAME TO EUR
-17.2 (-15.2) MLN
    * OUTLOOK 2021/2022: NET SALES TO GROW BY 5% TO 7%
    * OUTLOOK 2021/2022: EBIT MARGIN TO BE AROUND 10% AND IN
RANGE
FROM 11% TO 12% AFTER ADJUSTMENT FOR NONCASH EFFECTS FROM
PURCHASE PRICE ALLOCATIONS AS PART OF COMPANY ACQUISITION
    * OUTLOOK 2021/2022: R&D INTENSITY TO BE IN RANGE OF 18% TO
20%

    
    
 Further company coverage:  KWSG.DE  

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