KWS
   
 

Ad-hoc release pursuant to Section 15 of the German Securities Trading Act (WpHG)

Ad-hoc release pursuant to Section 15 of the German Securities Trading Act (WpHG)

September 1st, 2015

KWS SAAT SE anticipates expected EBIT for fiscal year 2014/15 to be at the level of previous fiscal year

KWS SAAT SE (ISIN: DE0007074007) reports an increase in earnings (EBIT) for the KWS Group’s fiscal year ending June 30, 2015, from the previously anticipated €127 million to around €138* million (previous year: €138.4 million). As planned consolidated net sales will be at around €1,260* million, giving an EBIT margin of approximately 11%. The increase is due to positive trends in the fourth quarter (April 1 to June 30) of the past fiscal year. Sugarbeet seed business in North America was recently better than expected, for example. In addition, there were positive exchange rate effects and lower counterparty defaults than anticipated particularly in the Sugarbeet but also in the Corn Segment.

The company will publish the details in its Annual Report on October 15, 2015.

Overview of the guidance for the KWS Group

In € million

Anticipated net sales (e) for 2014/2015

Actual net sales in 2013/2014

Anticipated EBIT (e) for 2014/2015

Actual EBIT in 2013/2014

According to segment reporting
(management approach)

Approx. 1,260 (e)

1,178.0

Approx. 138 (e)

138.4

According to IFRS statement of comprehensive income
(application of IFRS 11 from July 1, 2014)

Approx. 986 (e)

923.5

Approx. 113 (e)

118.3

* Note: Application of the amendments to the International Financial Reporting Standard from July 1, 2014, on means that the net sales and costs of 50:50 joint ventures may no longer be carried in the KWS Group’s statement of comprehensive income. However, the guidance relates to the total for the segments in accordance with our segment reporting, including proportionate consolidation of our 50:50 joint ventures (management approach).

 

Contact:

Wolf-Gebhard von der Wense

Head of Investor Relations

Phone +49 (0)5561/311 968

Mobile +49 (0)151 18 85 56 73
investor.relations@kws.com

 

KWS SAAT SE

www.kws.de

 

 

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