Brief: KWS Saat 9-month EBIT Up At EUR 184.3 Mln

KWS SAAT SE & Co KgaA

19/05/2020 06:16

May 19 (Reuters) - KWS SAAT SE & CO KGAA  KWSG.DE :
    * KWS NARROWS GUIDANCE AFTER A SUCCESSFUL THIRD QUARTER
    * KWS GROUP (ISIN: DE0007074007) INCREASED ITS NET SALES BY
18.0%
TO EUR 1,012.5 MILLION IN FIRST NINE MONTHS OF FISCAL 2019/2020
    * 9-MONTH EBITDA IMPROVED SIGNIFICANTLY TO EUR 247.4 (210.6)
MILLION, WHILE EBIT ROSE TO EUR 184.3 (173.1) MILLION
    * 9-MONTH KWS GROUP'S OPERATING INCOME BEFORE DEPRECIATION
AND
AMORTIZATION (EBITDA) INCREASED BY 17.5% TO EUR 247.4 (210.6)
MILLION
    * NOW EXPECTS IT WILL POST RESULTS AT UPPER END OF RANGE IT
HAS
FORECAST FOR NET SALES (8% TO 12%) AND FOR EBIT MARGIN (11% TO
13%) FOR 2019/2020
    * MEASURES TO CONTAIN COVID-19 PANDEMIC WILL LIKELY HAVE
ONLY A
SLIGHT IMPACT ON KWS GROUP'S EARNINGS IN CURRENT FISCAL YEAR.

Source text for Eikon:  ID:nEQ68Yp5Qa 
Further company coverage:  KWSG.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))