Regulatory Filings • May 2, 2011
Regulatory Filings
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Ad-hoc | 2 May 2011 11:19
KWS SAAT AG: KWS SAAT AG (ISIN DE 0007074007) raises its net sales and income guidance for fiscal 2010/2011.
KWS SAAT AG / Key word(s): Change in Forecast
02.05.2011 11:19
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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KWS SAAT AG (ISIN DE 0007074007) raises its net sales and income guidance
for fiscal 2010/2011.
Einbeck, May 2, 2011 - In the current spring sowing season, indications are
that the KWS Group will post about a 10% increase in net sales over the
previous year (EUR 754 million). KWS had previously estimated growth in net
sales of 5%. Operating income (EBIT) is now forecast to surpass the
previous year's figure (EUR 82 million) by approximately 40%. The previous
estimate was for growth of 15%. This upward revision is the result of
strong corn and sugarbeet seed business in the company's core West European
markets and in North America, where the volume of genetically modified
sugarbeet varieties sold by KWS was virtually unchanged. Until shortly
before sowing began, legal proceedings had put the approval for these
innovative products and conditions for their cultivation in question.
The company will publish its Q3 interim report for the period from July 1,
2010, to March 31, 2011, on Friday, May 27, 2011.
Contact:
Georg Folttmann
Phone: +49 (0)55 61 / 311-640
Mobile: +49 (0)173 / 29 10 520
[email protected]
02.05.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: KWS SAAT AG
Grimsehlstraße 31
37574 Einbeck
Deutschland
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: Regulierter Markt in Frankfurt (Prime Standard), Hannover;
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of Announcement DGAP News-Service
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