KWS SAAT AG (FRA:KWS) KWS SAAT SE & Co. KGaA: KWS is growing faster than expected in the 2021/2022 fiscal year and is announcing preliminary figures
Transparency directive : regulatory news
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DGAP-Ad-hoc: KWS SAAT SE & Co. KGaA / Key word(s): Preliminary Results Publication of insider information in accordance with Article 17 of EU-Regulation 596/2014 KWS is growing faster than expected in the 2021/2022 fiscal year and is announcing preliminary figures Einbeck (Germany), August 11, 2022 – Based on preliminary and unaudited results for the 2021/2022 financial year, sales increased by around 17% to around EUR 1.54 billion at an EBIT margin* of around 10%. This corresponds to a significant increase in EBIT compared to the previous year (EUR 137.0 million). KWS had recently forecast an increase in sales of 10% with an EBIT margin of 8-9%. Significantly increased demand for seeds in the United States, Brazil and Europe as well as positive currency effects in the fourth quarter of the financial year made a significant contribution to the development mentioned. Against the background of an expected decline in the financial result, the net income for the year is expected to be at the previous year's level (EUR 110.6 million). The publication of the 2021/2022 annual report including the dividend proposal and the forecast for the 2022/2023 financial year is planned for September 27, 2022. In view of the current developments on the global agricultural markets, KWS is currently assuming sustained growth in the new fiscal year. * “EBIT Margin” (in %) equals operating income before interest and taxes divided by revenues
Notifying person: KWS SAAT SE & Co. KGaA
11-Aug-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
| Language: | English |
| Company: | KWS SAAT SE & Co. KGaA |
| Grimsehlstraße 31 | |
| 37555 Einbeck | |
| Germany | |
| Phone: | +49 (0)5561 311-0 |
| Fax: | +49 (0)5561 311-322 |
| E-mail: | info@kws.com |
| Internet: | www.kws.de |
| ISIN: | DE0007074007 |
| WKN: | 707400 |
| Indices: | S-DAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1418841 |
| End of Announcement | DGAP News Service |
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1418841 11-Aug-2022 CET/CEST