Einbeck, February 11, 2013 – KWS SAAT AG (ISIN: DE0007074007) increases its sales and result forecast for the fiscal year ending on June 30, 2013. After an outstanding cereal business in the first quarter, there is now also progress in corn and sugarbeet sales, which is higher than expected. For the KWS Group, the Executive Board expects a revenue of around €1.140 billion (previous year €986 million), which is around €60 million above the previous forecast.
The operating result (EBIT) is expected to achieve the previous year’s level (€140 million). This corresponds to an EBIT margin of approximately 12%, which amounted to 14.3% in the previous year—benefiting from special effects. The company published the details in their Half-Yearly Report on February 26, 2013.
“It seems that within the KWS Group, we can achieve an operating growth of around 15%. The increasing worldwide demand for grain corn shows no signs of waning. We are benefiting from this trend in almost all regions due to our convincing new developments. In addition, we currently record sugarbeet orders in North America, which are considerably higher as planned,” said Dr. Hagen Duenbostel, CFO of the company.
