KWS Saat earns significantly more

The seed company KWS Saat expects significantly more momentum in the current financial year.

Thanks to increasing demand and higher prices, sales growth of between 5 and 7 percent can be expected, the SDax-listed company announced on Wednesday when it submitted its balance sheet for the 2020/2021 financial year (until the end of July).

Einbeck - In the past fiscal year, sales increased by a good 2 percent to 1.31 billion euros.

Earnings before taxes, interest, depreciation and amortization (Ebitda) were also 2.4 percent higher at just under 231 million euros.

Experts had expected a more pronounced increase here.

The bottom line was, at 110.6 million euros, more than 16 percent more than in the previous year.

The shareholders should benefit from this: KWS is proposing a dividend that is 10 cents higher to 80 cents per share.

KWS also announced on Wednesday that it would change its leadership from December 2022.

dpa