Ad-hoc | 1 September 2015 16:55
KWS SAAT SE / Key word(s): Change in Forecast
01.09.2015 16:55
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Einbeck, September 1, 2015
Ad-hoc release pursuant to Section 15 of the German Securities Trading Act
(WpHG)
KWS SAAT SE anticipates expected EBIT for fiscal year 2014/15 to be at the
level of previous fiscal year
KWS SAAT SE (ISIN: DE0007074007) reports an increase in earnings (EBIT) for
the KWS Group's fiscal year ending June 30, 2015, from the previously
anticipated EUR127 million to around EUR138* million (previous year:
EUR138.4 million). As planned consolidated net sales will be at around
EUR1,260* million, giving an EBIT margin of approximately 11%. The increase
is due to positive trends in the fourth quarter (April 1 to June 30) of the
past fiscal year. Sugarbeet seed business in North America was recently
better than expected, for example. In addition, there were positive
exchange rate effects and lower counterparty defaults than anticipated
particularly in the Sugarbeet but also in the Corn Segment.
The company will publish the details in its Annual Report on October 15,
2015.
Overview of the guidance for the KWS Group
In EUR million Anticipated net Actual net Anticipated Actual
sales (e) for sales in EBIT (e) for EBIT in
2014/2015 2013/2014 2014/2015 2013/2014
According to segment Approx. 1,260 1,178.0 Approx. 138 138.4
reporting (e) (e)
(management approach)
According to IFRS Approx. 986 (e) 923.5 Approx. 113 118.3
statement of (e)
comprehensive income
(application of IFRS
11 from July 1, 2014)
* Note: Application of the amendments to the International Financial
Reporting Standard from July 1, 2014, on means that the net sales and costs
of 50:50 joint ventures may no longer be carried in the KWS Group's
statement of comprehensive income. However, the guidance relates to the
total for the segments in accordance with our segment reporting, including
proportionate consolidation of our 50:50 joint ventures (management
approach).
Contact:
Wolf-Gebhard von der Wense
Head of Investor Relations
Phone +49 (0)5561/311 968
Mobile +49 (0)151 18 85 56 73
investor.relations@kws.com
KWS SAAT SE
www.kws.de
01.09.2015 The DGAP 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 SE
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: Regulated Market in Frankfurt (Prime Standard), Hanover;
Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg,
Munich, Stuttgart
End of Announcement DGAP News-Service
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