Ad hoc announcement §15 WpHG (2011-05-02)
KWS SAAT AG (ISIN DE 0007074007) raises its net sales and income guidance
for fiscal 2010/2011.
Einbeck, May 2, 2011 - In the current spring sowing season, indications are that the KWS Group will post about a 10% increase in net sales over the previous year (EUR 754 million). KWS had previously estimated growth in net sales of 5%. Operating income (EBIT) is now forecast to surpass the previous year's figure (EUR 82 million) by approximately 40%. The previous estimate was for growth of 15%. This upward revision is the result of strong corn and sugarbeet seed business in the company's core West European markets and in North America, where the volume of genetically modified sugarbeet varieties sold by KWS was virtually unchanged. Until shortly before sowing began, legal proceedings had put the approval for these innovative products and conditions for their cultivation in question.
The company will publish its Q3 interim report for the period from July 1, 2010, to March 31, 2011, on Friday, May 27, 2011.
Contact:
Georg Folttmann
Phone: +49 (0)55 61 311 640
Mobile: +49 (0)173 / 29 10 520
g.folttmann@kws.com
