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KWS SAAT SE & Co. KGaA
Earnings Release • Mar 4, 2022
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Earnings Release
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News Details
Ad-hoc | 4 March 2022 14:04
KWS SAAT SE & Co. KGaA: KWS adjusts forecast for fiscal year 2021/2022
KWS SAAT SE & Co. KGaA / Key word(s): Change in Forecast
KWS SAAT SE & Co. KGaA: KWS adjusts forecast for fiscal year 2021/2022
04-March-2022 / 14:04 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
KWS adjusts forecast for fiscal year 2021/2022
Einbeck (Germany), March 4, 2022 – Against the background of the expected negative effects of the dramatically worsening Russia-Ukraine conflict on business activities in these two countries, the Executive Board of the general partner of KWS SAAT SE & Co. KGaA (“KWS”) decided today to lower the forecast for the current financial year 2021/2022, published on February 14, 2022.
Based on a current assessment of the situation, KWS is now assuming sales growth of 6-8% (previously: 9-11%) and an EBIT margin* of 8-9% (previously: 10%). These forecasts are subject to a further escalation of the conflict and are based on current exchange rate relations. The research and development ratio should remain unchanged in a range of 18-20%.
KWS has its own subsidiaries in Russia and Ukraine with breeding, production, selling and administration activities. The sales volume originally planned for the current fiscal year in both countries corresponded to around 10% of KWS Group sales.
* “EBIT Margin” (in %) equals operating income before interest and taxes divided by revenues
Contact:
Notifying person:
Peter Vogt
Head of Investor Relations
Tel.: +49-30-81691449
KWS SAAT SE & Co. KGaA
www.kws.de
04-March-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
| 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: | [email protected] |
| 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: | 1295035 |
| End of Announcement | DGAP News Service |