Germany's KWS revenue falls 3%, misses estimates on lower sugarbeet and corn acreage

KWS SAAT SE & Co KgaA

23/09/2026 06:11

Overview
Germany plant breeder's fiscal yr revenue fell 3% and missed analyst expectations
Fiscal yr EBIT and EBITDA missed analyst estimates; EPS rose 13% yr/yr
Revenue decline driven by lower sugarbeet and corn acreage; one-time gain boosted EBITDA margin

Outlook
KWS expects organic net sales growth of around 3% in fiscal 2026/2027
Company targets EBITDA margin of 19% to 20% for 2026/2027
KWS says outlook depends on recovery in agricultural markets

Result Drivers
REDUCED ACREAGE - Co said lower sugarbeet and corn acreage drove revenue decline
ONE-TIME GAIN - Sale of license rights from North American corn business boosted EBITDA margin
NEGATIVE EXCHANGE RATE EFFECTS - Co said negative exchange rate effects reduced EBITDA

Company press release: ID:nEQ8482Jka

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
Miss
EUR 1.63 bln
EUR 1.68 bln (5 Analysts)
FY EPS
 
EUR 4.80
 
FY Net Income
 
EUR 158.40 mln
 
FY EBIT
Miss
EUR 239 mln
EUR 265.24 mln (5 Analysts)
FY EBITDA
Miss
EUR 343.10 mln
EUR 356.16 mln (5 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the fishing & farming peer group is "buy"
Wall Street's median 12-month price target for KWS SAAT SE & Co KgaA is €80.50, about 2.4% above its September 22 closing price of €78.60
The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 13 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)