Einbeck, April 17, 2012 - KWS SAAT AG (ISIN: DE0007074007) is raising its sales and earnings forecast for the fiscal year ending on June 30, 2012. The company now expects sales of approximately €970 million (previous year: €855.4 million) for the group. This corresponds to an increase of €30 million from the previous forecast. The operating result (EBIT) is now expected to exceed the excellent result of the previous year (€116.6 million). Once again, the EBIT margin is expected to be between 13% and 14%. The background to this is the initial acreage expansion associated with the spring sowing.
“We are currently seeing a very strong demand for our corn varieties. We had not planned on this. However, we are able to deliver due to our solid inventory based on long-term experience,” said Hagen Duenbostel, CFO of the company.
