Brief: KWS Saat Reports H1 EBITDA Of Eur -24.5 Mln, Raises FY Net Sales Forecast

KWS SAAT SE & Co KgaA

09/02/2023 06:09

Feb 9 (Reuters) - KWS SAAT SE & Co KgaA  KWSG.DE :
    * KWS GROWS DYNAMICALLY ON THE BACK OF INNOVATIONS FOR
SUSTAINABLE
AGRICULTURE – NET SALES FORECAST RAISED
    * KWS SAAT SE & CO KGAA - NET SALES FORECAST RAISED TO 13%
TO 15%
(PREVIOUSLY: 10% TO 12%)
    * KWS SAAT SE & CO KGAA - NET SALES ROSE SHARPLY BY AROUND
31% IN
FIRST HALF OF 2022/2023
    * KWS SAAT SE & CO KGAA - H1 NET SALES EUR 563.7 (431.6)
MILLION
    * KWS SAAT SE & CO KGAA - H1 FREE CASH FLOW FELL TO EUR
-173.6
(-128.5) MILLION AS A RESULT OF GROWTH-DRIVEN INCREASE IN
WORKING CAPITAL
    * KWS SAAT SE & CO KGAA - H1 NET FINANCIAL INCOME/EXPENSES
FELL TO
EUR -36.3 MILLION, IN PARTICULAR DUE TO HIGHER INTEREST EXPENSES
IN GROWTH MARKET OF BRAZIL
    * KWS SAAT SE & CO KGAA - H1 EARNINGS AFTER TAXES WERE EUR
-79.5
MILLION OR EUR -2.41 PER SHARE

Further company coverage:  KWSG.DE 
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 587 696 600;))