Ad-hoc | 28 May 2008 19:00
KWS SAAT AG / Quarter Results
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
----------------------------------------------------------------------
KWS revises forecast for 2007/2008 upward / seed sales in spring better
than expected.
Einbeck, May 28, 2008 – Seasonal business at the seed company KWS SAAT AG
(ISIN: DE0007074007) was very positive in the 2008 sowing season, exceeding
the company’s own sales and earnings forecasts. In the first nine months of
fiscal 2007/2008, consolidated net sales rose by about 13% to €483.6
million (previous year: €428.3 million). Operating profit (EBIT) increased
by 2.5% to €93.8 million (previous year: €91.5 million). Weaker than
expected sugarbeet business was compensated for by higher net sales of
corn, rapeseed and cereals.
The Executive Board anticipates that net sales will grow to approximately
€585 million (previous year: €540 million) and operating profit (EBIT) by
some 10 % (previous year: €63.9 million) at the end of the fiscal year
(June 30, 2008). The quarterly report will be available at www.kws.com/ir
on May 29, 2008 (as of 7:30 a.m.).
Contact:
Georg Folttmann
Phone: +49 (0)5561/311-640
Mobile: +49 (0)173 29 10 520
g.folttmann@kws.com
28.05.2008 Financial News transmitted by DGAP
----------------------------------------------------------------------
Language: English
Issuer: KWS SAAT AG
Grimsehlstraße 31
37574 Einbeck
Deutschland
Phone: +49 (0)5561 311-0
Fax: +49 (0)5561 311-322
E-mail: info@kws.com
Internet: www.kws.de
ISIN: DE0007074007
WKN: 707400
Indices: S-DAX
Listed: Regulierter Markt in Frankfurt (Prime Standard), Hannover;
Freiverkehr in Berlin, Hamburg, Düsseldorf, München,
Stuttgart
End of News DGAP News-Service
---------------------------------------------------------------------------