Einbeck, May 2, 2011 - As part of the current spring sowing season, the KWS Group’s sales revenue increased by around 10% compared with the previous year (EUR 754 million). To date, KWS has experienced a sales growth of 5%. In terms of the operating result (EBIT), the previous year (EUR 82 million) is expected to be exceeded by approx. 40%. An increase of 15% had previously been expected. The reason for the improved forecast is the positive development of the corn and sugarbeet seed business in the core markets of Western Europe and North America. There, KWS was able to discontinue the genetically modified sugarbeet varieties in virtually undiminished quantities. Approval and associated requirements for the cultivation of these innovative products remained in question due to a legal process, until shortly before sowing.
The interim report on the fiscal year to date from July 1, 2010 to March 31, 2011 (Q3) will be published on Friday, May 27, 2011.
