KWS falls after FY sales drop, margin narrows
BUZZ-KWS falls after FY sales drop, margin narrows ** Shares in German seed producer KWS SAAT KWSG.DE fall 7.8% in pre-market trade after FY 25/26 net sales fell 3% to €1.63 billion ($1.86 billion) missing IBES estimate of €1.68 bln, hit by lower sugarbeet and corn acreage
** KWS' FY EBITDA €343.1 mln misses IBES estimate of €356.2 mln with the adjusted EBITDA margin narrowing to 19.3% from 20.4%
** The company says negative FX effects of about €14 mln and a legal-risk provision in the mid-single-digit mln euro range weighed on EBITDA
** KWS expects FY 26/27 organic net sales growth of around 3% and an EBITDA margin of 19%-20%, assuming agricultural markets recover
** Up to the previous session's close, shares were up 14.6% YTD
($1 = 0.8752 euros)
(Reporting by Basile Day)
Recent news on KWS SAAT SE & Co KgaA
See all newsEuropean stocks slip as lack of progress on US-Iran peace lifts oil, yields
Europe stocks rise as oil retreat aids sentiment; PMI data in focus
KWS falls after FY sales drop, margin narrows
Germany's KWS revenue falls 3%, misses estimates on lower sugarbeet and corn acreage
Brief: KWS FY Net Income EUR 158.4 Million