KWS adjusts forecast for fiscal year 2021/2022

Einbeck (Germany), March 4, 2022 – Against the background of the expected negative effects of the dramatically worsening Russia-Ukraine conflict on business activities in these two countries, the Executive Board of the general partner of KWS SAAT SE & Co. KGaA ("KWS") decided today to lower the forecast for the current financial year 2021/2022, published on February 14, 2022.

Based on a current assessment of the situation, KWS is now assuming sales growth of 6-8% (previously: 9-11%) and an EBIT margin* of 8-9% (previously: 10%). These forecasts are subject to a further escalation of the conflict and are based on current exchange rate relations.

The research and development ratio should remain unchanged in a range of 18-20%.

KWS has its own subsidiaries in Russia and Ukraine with breeding, production, selling and administration activities. The sales volume originally planned for the current fiscal year in both countries corresponded to around 10% of KWS Group sales.

* “EBIT Margin” (in %) equals operating income before interest and taxes divided by revenues

About KWS

KWS is one of the world's leading plant breeding companies. More than 5,000 employees* in more than 70 countries generated net sales of around €1.8 billion in fiscal 2022/2023. KWS has been run independently as a family-owned company for more than 165 years. It focuses on plant breeding and the production and sale of corn, sugarbeet, cereal, vegetable, rapeseed and sunflower seed. KWS uses state-of-the-art plant breeding methods to increase farmers' yields and further improve plants' resistance to diseases, pests and abiotic stress. To realize this goal, the company invested more than €300 million in research and development in the past fiscal year.

*excluding seasonal employees
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Notifying person:

Peter Vogt
Head of Investor Relations
Tel. +49 30 816914-490
investor.relations@kws.com