Ad hoc announcement §15 WpHG (2012-04-17)
KWS SAAT AG raises guidance for net sales and income in fiscal 2011/2012
Einbeck, April 17, 2012 – KWS SAAT AG (ISIN: DE0007074007) announced that it is raising its net sales and income guidance for the fiscal year ending June 30, 2012. The company now expects Group net sales of approximately €970 million (previous year: €855.4 million), an increase of €30 million over the previous guidance. Operating income (EBIT) is now expected to surpass the very good level of the previous year (€116.6 million). An EBIT margin of between 13% and 14% is again anticipated. The increases are due to the emerging expansion of cultivation areas in the spring sowing season.
“We’re experiencing very strong demand for our corn varieties on a scale we hadn’t planned. However, the solid inventory levels we maintain on the basis of long-term experience means we’ll be in a position to deliver,” said Dr. Hagen Duenbostel, the company’s Chief Financial Officer.
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