Seed producer: KWS Saat expects at least 7 percent more sales

The seed manufacturer KWS Saat expects further growth with increasing profitability.

Seed producer: KWS Saat expects at least 7 percent more sales

The seed manufacturer KWS Saat expects further growth with increasing profitability. Sales are expected to increase by 7 to 9 percent in the 2022/23 financial year (June 30) on a comparable basis, i.e. without currency and portfolio effects, as the SDax-listed company announced on Tuesday when it presented the detailed figures for 2021/22 . KWS thus specified the previous sales forecast, in which the company had announced growth without precise information.

In addition, the group issued a profit forecast for the first time. Accordingly, the margin measured in terms of earnings before interest and taxes (EBIT) should be between 10 and 11 (previous year: 10.1) percent. The group also confirmed the preliminary key data for the 2021/22 financial year presented in August.

Accordingly, sales increased by 17.5 percent to 1.54 billion euros, while the EBIT margin fell by 0.4 percentage points to 10.1 percent. The bottom line is that profits fell by 2.6 percent to just under 108 million euros. The dividend should remain stable at 80 cents.

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