Brief: KWS Saat FY Preliminary Sales Up By 17% To Around EUR 1.54 Bln

KWS SAAT SE & Co KgaA

11/08/2022 13:11

Aug 11 (Reuters) - KWS SAAT SE & CO KGAA  KWSG.DE :
    * KWS IS GROWING FASTER THAN EXPECTED IN THE 2021/2022
FISCAL YEAR
AND IS ANNOUNCING PRELIMINARY FIGURES
    * BASED ON PRELIMINARY AND UNAUDITED RESULTS FOR 2021/2022
FINANCIAL YEAR, SALES INCREASED BY AROUND 17% TO AROUND EUR 1.54
BILLION
    * FY PRELIM SALES INCREASED BY AROUND 17% TO AROUND EUR 1.54
BILLION AT AN EBIT MARGIN* OF AROUND 10%
    * KWS HAD RECENTLY FORECAST FY INCREASE IN SALES OF 10% WITH
AN
EBIT MARGIN OF 8-9%
    * FY THIS CORRESPONDS TO A SIGNIFICANT INCREASE IN EBIT
COMPARED
TO PREVIOUS YEAR (EUR 137.0 MILLION). KWS HAD RECENTLY FORECAST
AN INCREASE IN SALES OF 10% WITH AN EBIT MARGIN OF 8-9%
    * AGAINST BACKGROUND OF AN EXPECTED DECLINE IN FINANCIAL
RESULT,
NET INCOME FOR YEAR IS EXPECTED TO BE AT PREVIOUS YEAR'S LEVEL
(EUR 110.6 MILLION)
    * ANNUAL REPORT INCLUDING DIVIDEND PROPOSAL AND FORECAST FOR
2022/2023 FINANCIAL YEAR IS PLANNED FOR SEPTEMBER 27, 2022

Source text for Eikon:  ID:nEQ8YxxfFa 
Further company coverage:  KWSG.DE 

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