Overview
Germany plant breeder's H1 net sales rose 0.8% yr/yr due to organic growth
EBITDA improved due to sale of North American corn business
Company updated fiscal year forecast, expects net sales to match prior year
Outlook
KWS expects fiscal 2025/2026 net sales to match prior year's level
Company confirms EBITDA margin guidance of 19% to 21% for fiscal 2025/2026
KWS sees reduced sugarbeet cultivation area impacting sales forecast
Result Drivers
RAPESEED BUSINESS - Strong performance in the cereals segment driven by rapeseed sales
NORTH AMERICAN CORN SALE - Positive special effect from the sale of the North American corn business boosted EBITDA
VEGETABLES SEGMENT - Increased sales in the vegetables segment contributed to overall growth
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
EUR 411.30 mln
H1 EPS
-EUR 1.93
H1 Net Income
-EUR 63.80 mln
H1 EBIT
-EUR 96.80 mln
H1 EBITDA
-EUR 49 mln
Press Release: ID:nEQ3ytvcXa
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)