Planned appropriation of profits: Increase in the dividend to €0.90 (0.80) per share
In view of the company’s positive performance, the Executive and Supervisory Boards will propose a dividend of €0.90 (0.80) per share for fiscal year 2022/2023 to the Annual Shareholders’ Meeting on December 13, 2023. €29.7 (26.4) million would thus be distributed to KWS SAAT SE & Co. KGaA’s shareholders. That would correspond to a dividend payout ratio of 23.4% (24.5%), once again in line with the KWS Group’s earnings-oriented policy of paying a dividend of 20% to 25% of its net income.
Contracts with Executive Board members Eva Kienle (CFO) and Peter Hofmann extended
The Supervisory Board of the personally liable partner (KWS SE) has made a long-term extension of the contract with Chief Financial Officer Eva Kienle (56) until June 2029. The contract of Peter Hofmann (63) was extended by 15 months. Both contracts were due to end effective June 30, 2024.
“With the extension of Eva Kienle's contract, the Supervisory Board is reaffirming its high level of satisfaction with the Chief Financial Officer and is counting on continuity on the Executive Board in order to successfully support the transformation of KWS that has been initiated. In particular, in order to further advance the development of the vegetable business, we have asked Peter Hofmann to extend his contract until September 2025,” stated Philip von dem Bussche, Chairperson of the Supervisory Board. “We look forward to continuing our successful cooperation to the benefit of KWS.”
Eva Kienle has been a member of the Executive Board since 2013 and is responsible for Finance & Procurement, Controlling, Global Transaction Center, Legal Services & IP, Information Technology, Governance, Compliance & Risk Management and the KWS Digital Innovation Accelerator.
Peter Hofmann was appointed to the Executive Board in 2014 and is responsible for the company’s segments Sugarbeet, Vegetables, Cereals, Oilseed Rape, Special Crops & Organic Seeds and for Global Marketing & Communications.
Annual press conference / telephone conference for analysts and investors
The annual press conference with Dr. Felix Büchting (Spokesperson of the Executive Board) and Eva Kienle (CFO) will be held today in Frankfurt/Main starting at 11 a.m. on the occasion of the publication of the 2022/2023 financial statements.
A conference call with Eva Kienle for analysts and investors will take place at 14:00 CEST. Further details can be found here.
The Annual Report 2022/2023 is available for download at Investor relations - Corporate - KWS SAAT SE & Co. KGaA.