Ad-hoc | 27 February 2006 20:59
KWS SAAT AG with conservative forecast for fiscal year 2005/2006
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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KWS SAAT AG with conservative forecast for fiscal year 2005/2006
Einbeck, February 27, 2006 – KWS SAAT AG (ISIN: DE0007074007)
says in its Semiannual Report, which it released today, that it expects
the EU’s sugar market reform to result in a quicker reduction in the
cultivation area for sugar beet than previously anticipated. This will have
a direct influence on seed sales and thus on KWS’ earnings, which will also
be impacted by a change in the assessment of its seed licensing
business for the purpose of value-added tax by German tax authorities.
Since the growth expected in the corn segment should more than
compensate for the decline in sales from sugar beet seed, KWS
expects its consolidated net sales to rise slightly (previous year: €495.3
million). Nevertheless, the company anticipates that its operating profit
(EBIT) will be as much as 20% lower year-on-year (previous year:
€56.3 million).
Contact:
Georg Folttmann
Phone: +49(0)5561/311-640
Mobile: +49(0)173/2910520
g.folttmann@kws.de
(c)DGAP 27.02.2006
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language: English
emitter: KWS SAAT AG
Grimsehlstraße 31
37574 Einbeck Deutschland
phone: +49 (0)5561 311-0
fax: +49 (0)5561 311-322
email: info@kws.de
WWW: www.kws.de
ISIN: DE0007074007
WKN: 707400
indexes:
stockmarkets: Amtlicher Markt in Hannover; Geregelter Markt in Frankfurt
(General Standard); Freiverkehr in Berlin-Bremen, Düsseldorf,
Stuttgart
End of News DGAP News-Service
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