Brief: KWS Saat Expects FY Sales Growth Of 2-4% For 2024

KWS SAAT SE & Co KgaA

16/08/2024 09:36

Aug 16 (Reuters) - KWS SAAT SE & CO KGAA  KWSG.DE :
    * KWS SAAT SE & CO. KGAA: BASED ON PRELIMINARY KEY FIGURES,
KWS
SIGNIFICANTLY EXCEEDS FORECASTS FOR FISCAL YEAR 2023/2024 AND
PUBLISHES OUTLOOK FOR FISCAL YEAR 2024/2025
    * KWS SAAT SE & CO KGAA - REVENUE IN 2023/2024 FINANCIAL
YEAR
INCREASED BY AROUND 12% YEAR-ON-YEAR TO EUR 1,678 MILLION
(PREVIOUS YEAR: EUR 1,500.3 MILLION)
    * KWS SAAT SE & CO KGAA - EXPECTS SALES GROWTH OF 2 - 4% (ON
A
COMPARABLE BASIS, EXCLUDING CURRENCY EFFECTS) FOR FISCAL YEAR
2024/2025
    * KWS SAAT SE & CO KGAA - EBIT ROSE BY MORE THAN 50% TO
APPROX.
EUR 300 MILLION (PREVIOUS YEAR: EUR 195.1 MILLION)
    * KWS SAAT SE & CO KGAA - SIGNIFICANT INCREASE IN SALES AND
EBIT
IS ATTRIBUTABLE IN PARTICULAR TO SUCCESSFUL BUSINESS PERFORMANCE
IN SUGARBEET SEGMENT.
    * KWS SAAT SE & CO KGAA - EBIT MARGIN IS FORECAST TO BE IN A
RANGE
OF 14 - 16 %, AND RESEARCH AND DEVELOPMENT RATIO IS EXPECTED TO
BE IN A RANGE OF 18 - 19%
    * KWS SAAT SE & CO KGAA - EXPECTS RECENTLY COMPLETED SALE OF
SOUTH
AMERICAN CORN BUSINESS TO HAVE A POSITIVE ONE-OFF EFFECT ON
EARNINGS FROM DISCONTINUED OPERATIONS OF APPROXIMATELY EUR 100
MILLION (AFTER TAX)
    * KWS SAAT SE & CO KGAA - PURCHASE PRICE AMOUNTED TO A MID
THREE-DIGIT MILLION EURO AMOUNT
    * KWS SAAT SE & CO KGAA - TRANSACTION WILL HAVE A
SIGNIFICANT
POSITIVE IMPACT ON KEY FINANCIAL INDICATORS OF KWS GROUP
    * KWS SAAT SE & CO KGAA - EXPECTS A SIGNIFICANT IMPROVEMENT
IN
FINANCIAL LEVERAGE (NET DEBT/EBITDA) AND EQUITY RATIO IN FUTURE,
AS WELL AS A SIGNIFICANT REDUCTION IN INTEREST EXPENSES
    * KWS SAAT SE & CO KGAA - TO REDUCE DEBT WITH SALE PROCEEDS

Source text for Eikon:  ID:nEQ1hqs7ca 
Further company coverage:  KWSG.DE 

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