Brief: KWS Saat Expects FY Sales To Rise By 6% to 8% YoY

KWS SAAT SE & Co KgaA

30/04/2024 10:55

April 30 (Reuters) - KWS SAAT SE & Co KgaA  KWSG.DE :
    * KWS SAAT SE & CO. KGAA: PRELIMINARY FIGURES SHOW
SIGNIFICANT
GROWTH IN SALES AND EBIT FOR FIRST NINE MONTHS 2023/2024 –
FULL-YEAR FORECASTS RAISED
    * KWS SAAT SE & CO KGAA - SALES 9M 2023/2024: +10% TO EUR
1,360.4
(1,232.2) MILLION
    * KWS SAAT SE & CO KGAA - EBIT 9M 2023/2024: +48% TO EUR
336.4
(227.6) MILLION
    * KWS SAAT SE & CO KGAA - WILL PUBLISH ITS QUARTERLY
STATEMENT FOR
FIRST NINE MONTHS OF FISCAL YEAR 2023/2024 ON MAY 14, 2024
    * 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 - NOW EXPECTS SALES FOR FISCAL YEAR
2023/2024 TO INCREASE BY 6 TO 8 % YEAR-ON-YEAR
    * KWS SAAT SE & CO KGAA - RESEARCH AND DEVELOPMENT RATIO IS
EXPECTED TO BE AROUND 20% (PREVIOUS FORECAST 18 TO 19%)
    * KWS SAAT SE & CO KGAA - SEES 23/24 EBIT MARGIN OF 15 TO 17
%
(INCLUDING ONE-TIME POSITIVE EARNINGS CONTRIBUTION FROM SALE OF
CHINESE CORN BUSINESS; PREVIOUS FORECAST 11 TO 13 %)

Source text for Eikon:  ID:nEQ325WsCa 
Further company coverage:  KWSG.DE 

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