Ad-hoc | 17 April 2012 12:38
KWS SAAT AG / Key word(s): Change in Forecast
17.04.2012 12:38
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Ad-hoc release
KWS SAAT AG raises guidance for net sales and income in fiscal 2011/2012
Einbeck, April 17, 2012 - KWS SAAT AG (ISIN: DE0007074007) announced that
it is raising its net sales and income guidance for the fiscal year ending
June 30, 2012. The company now expects Group net sales of approximately
EUR970 million (previous year: EUR855.4 million), an increase of EUR30
million over the previous guidance. Operating income (EBIT) is now expected
to surpass the very good level of the previous year (EUR116.6 million). An
EBIT margin of between 13% and 14% is again anticipated. The increases are
due to the emerging expansion of cultivation areas in the spring sowing
season.
'We're experiencing very strong demand for our corn varieties on a scale we
hadn't planned. However, the solid inventory levels we maintain on the
basis of long-term experience means we'll be in a position to deliver,'
said Dr. Hagen Duenbostel, the company's Chief Financial Officer.
Contact:
Georg Folttmann
Phone: +49 (0) 55 61 311 640
Mobile: +49 (0)173 29 10 520
georg.folttmann@kws.com
17.04.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: KWS SAAT AG
Grimsehlstraße 31
37555 Einbeck
Germany
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, Düsseldorf, Hamburg, München,
Stuttgart
End of Announcement DGAP News-Service
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