Brief: KWS Saat Lowers FY forecast

KWS SAAT SE & Co KgaA

04/03/2022 13:06

March 4 (Reuters) - KWS SAAT SE & Co KgaA  KWSG.DE :
    * NOW ASSUMING FY SALES GROWTH OF 6-8% (PREVIOUSLY: 9-11%)
AND AN
EBIT MARGIN* OF 8-9% (PREVIOUSLY: 10%)
    * DECIDED TODAY TO LOWER FORECAST FOR CURRENT FINANCIAL YEAR
2021/2022, PUBLISHED ON FEBRUARY 14, 2022.
    * KWS HAS ITS OWN SUBSIDIARIES IN RUSSIA AND UKRAINE WITH
BREEDING, PRODUCTION, SELLING AND ADMINISTRATION ACTIVITIES
    * SALES VOLUME ORIGINALLY PLANNED FOR CURRENT FISCAL YEAR IN
BOTH
COUNTRIES CORRESPONDED TO AROUND 10% OF KWS GROUP SALES

Source text for Eikon:  ID:nEQbCn6PHa 
Further company coverage:  KWSG.DE 

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