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ER - KWS SAAT AG with conservative forecast for fiscal year 2005/2006

Company: KWS SAAT SE & Co. KGaA Date: 2006-02-27 Language: English Register to download

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 News Details

Ad-hoc | 27 February 2006 20:59

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KWS SAAT AG with conservative forecast for fiscal year 2005/2006

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— KWS SAAT AG with conservative forecast for fiscal year 2005/2006 Einbeck, February 27, 2006 – KWS SAAT AG (ISIN: DE0007074007) says in its Semiannual Report, which it released today, that it expects the EU’s sugar market reform to result in a quicker reduction in the cultivation area for sugar beet than previously anticipated. This will have a direct influence on seed sales and thus on KWS’ earnings, which will also be impacted by a change in the assessment of its seed licensing business for the purpose of value-added tax by German tax authorities. Since the growth expected in the corn segment should more than compensate for the decline in sales from sugar beet seed, KWS expects its consolidated net sales to rise slightly (previous year: €495.3 million). Nevertheless, the company anticipates that its operating profit (EBIT) will be as much as 20% lower year-on-year (previous year: €56.3 million). Contact: Georg Folttmann Phone: +49(0)5561/311-640 Mobile: +49(0)173/2910520 g.folttmann@kws.de (c)DGAP 27.02.2006 ————————————————————————— language: English emitter: KWS SAAT AG Grimsehlstraße 31 37574 Einbeck Deutschland phone: +49 (0)5561 311-0 fax: +49 (0)5561 311-322 email: info@kws.de WWW: www.kws.de ISIN: DE0007074007 WKN: 707400 indexes: stockmarkets: Amtlicher Markt in Hannover; Geregelter Markt in Frankfurt (General Standard); Freiverkehr in Berlin-Bremen, Düsseldorf, Stuttgart End of News DGAP News-Service —————————————————————————