Brief: KWS Saat H1 EBITDA At Minus EUR 50.8 Mln

KWS SAAT SE & Co KgaA

25/02/2020 06:35

Feb 25 (Reuters) - KWS SAAT SE & CO KGAA  KWSG.DE :
    * ITS NET SALES IN FIRST SIX MONTHS OF 2019/2020 BY 14.0% TO
EUR
329.6 MILLION
    * H1 EBITDA IMPROVED SLIGHTLY TO EUR -50.8 (-51.8) MILLION
    * H1 OPERATING INCOME (EBIT) IN FIRST HALF OF YEAR IS
TYPICALLY
NEGATIVE AND WAS EUR -92.0 (PREVIOUS YEAR: -76.6) MILLION
    * EXPECTS GROWTH IN NET SALES OF 8% TO 12% AND AN EBIT
MARGIN OF
11% TO 13% IN FISCAL 2019/2020
    * 2020 KWS GROUP'S EBITDA IS EXPECTED TO BE SLIGHTLY ABOVE
THAT OF
PREVIOUS YEAR
    * Q1 NET SALES ARE NOW EXPECTED TO BE IN ORDER OF EUR 80 TO
EUR 90
MILLION (PREVIOUSLY: EUR 80 MILLION)
    * 2020 VEGETABLES SEGMENT NET SALES EXPECTED TO BE IN ORDER
OF EUR
80 TO EUR 90 MILLION (PREVIOUSLY: EUR 80 MILLION)
    * VEGETABLES SEGMENT IS NOW EXPECTED TO BREAK EVEN IN 2020
    * EBIT MARGIN WILL PROBABLY BE IN RANGE OF 30% TO 35% IN
2020 FOR
VEGETABLES SEGMENT
    * FORECASTS FOR OTHER SEGMENTS ARE UNCHANGED.

Source text for Eikon:  ID:nEQ9NpGCwa 
Further company coverage:  KWSG.DE 

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