27.05.2014 KWS SAAT AG  DE0007074007

DGAP-News: KWS SAAT AG: KWS intensifies efforts aimed at future growth

DGAP-News: KWS SAAT AG / Key word(s): Quarter Results KWS SAAT AG: KWS intensifies efforts aimed at future growth 27.05.2014 / 07:30 --------------------------------------------------------------------- Einbeck, May 27, 2014 No. 21 | gf KWS intensifies efforts aimed at future growth Net sales rise after nine months of fiscal 2013/2014 by 4.6% to EUR921.7 million - Negative exchange rate effects and planned expansion of R&D and sales activities impact income - Profitability remains high KWS SAAT AG (ISIN: DE0007074007), one of the world's leading seed companies, increased its net sales by 4.6% to EUR921.7 (previous year: 880.9) million in the first nine months of fiscal year 2013/2014 (ending June 30). However, operating income (EBIT) fell to EUR167.8 (185.6) million. Negative exchange rate effects reduced net sales and income. The announced expansion of research and development (R&D) activities and sales resulted in additional costs of around EUR30 million in the first nine months. This expenditure will help the company create the foundations needed for long-term growth. A total of just over 13% (11.6%) of the anticipated net sales will be used for research and breeding in 2013/2014 as a whole. Research activities will remain focused at Einbeck. In the coming fiscal year, KWS will also begin work at a second research facility in the U.S. "This will strengthen our position in global plant research while also further expanding our presence in one of the key seed markets," said Philip von dem Bussche, CEO of KWS SAAT AG. "In China, too, we can now take a further step, following the approval granted by the Chinese Ministry of Agriculture for our joint venture with our long-standing partner Beidahuang Kenfeng Seed Ltd. This joint venture will now establish the structures needed to begin its operations in fiscal 2015/2016." Higher volumes for corn in North America despite smaller cultivation area The Corn Segment remains the Group's largest contributor to net sales. Revenue rose by 7.1% to EUR561.3 (524.2) million, thanks largely to strong growth in South America and Southeastern Europe. Sales volumes grew in North America despite a reduction in corn cultivation area due to increased sowing of soybeans. Exchange rates in North and South America and Eastern Europe had a negative impact, and EBIT fell by 1.5% to EUR103.5 (105.1) million. The performance of the Sugarbeet Segment was helped by continuing high demand in North America and large parts of Northern Europe. Net sales rose by 4.7% to EUR259.2 (247.5) million. Higher revenue year on year partly compensated for greater R&D and sales expenditures, with the result that the segment's EBIT fell only slightly to EUR75.6 (76.8) million. Business in the Cereals Segment was impacted by the change in the price of rye relative to that for wheat. While the price of rye was above that for wheat in the previous year, the situation was reversed in the current fiscal year, leading to lower demand for rye seed, in particular in Germany and Poland. Net sales consequently fell to EUR97.2 (104.8) million. The changes in the sales mix, coupled with higher expenditure on research and sales, resulted in EBIT of EUR25.4 (31.9) million. In addition, KWS has reached an agreement with the family shareholders of KWS LOCHOW GMBH to acquire the remaining 18.9% stake. A purchase agreement to this effect was certified on May 26, 2014. The transaction is to be concluded in the current fiscal year. The family shareholders intend to maintain an investment in the industry and possibly acquire shares in KWS SAAT AG with some of the proceeds. Income in the Corporate Segment was EUR -36.7 (-28.2) million. The KWS Group's cross-segment function costs and research expenditures are pooled in the Corporate Segment, whose revenue comes from farms. This revenue totaled EUR4.0 (4.4) million in the first nine months. In line with our strategy of sustainable growth, total capital expenditure by the KWS Group in the first nine months of fiscal 2013/2014 increased to EUR48.8 (41.7) million. Of that figure, EUR43.3 (38.7) million was on property, plant and equipment. As in previous years, capital expenditure was therefore well above depreciation of EUR29.2 (25.8) million. Outlook: KWS increasing net sales The KWS Group expects net sales in 2013/2014 as a whole to grow by up to 3% to about EUR1.2 (1.1) billion, despite negative exchange rate developments in some important regions. EBIT will be around EUR134 (150.7) million as a result of higher R&D expenditure, expansion of sales structures and negative exchange rate effects, giving an expected EBIT margin of 11.4% (13.1%). "That's still a high level in view of the investments we are making in our future," noted Philip von dem Bussche. Contact: Georg Folttmann Head of Investor Relations Phone +49 (0)5561 311 640 Mobile +49 (0)173 29 10 520 georg.folttmann@kws.com KWS SAAT AG www.kws.com End of Corporate News --------------------------------------------------------------------- 27.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: KWS SAAT AG Grimsehlstraße 31 37555 Einbeck Germany Phone: +49 (0)5561 311-0 Fax: +49 (0)5561 311-322 E-mail: info@kws.com Internet: www.kws.de ISIN: DE0007074007 WKN: 707400 Indices: S-DAX Listed: Regulierter Markt in Frankfurt (Prime Standard), Hannover; Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 270569 27.05.2014

Die wichtigsten Finanzdaten auf einen Blick
  2013 2014 2015 2016 2017 2018 2019e 2020e
Umsatzerlöse1 1.178,01 986,02 1.036,77 1.075,24 1.068,01 1.113,34 1.228,00 0,00
EBITDA1,2 184,20 159,33 160,95 180,94 182,42 198,72 200,00 0,00
EBITDA-Marge3 15,64 16,16 15,52 16,83 17,08 17,85 16,29 0,00
EBIT1,4 138,43 113,42 112,76 131,59 132,56 149,99 151,00 0,00
EBIT-Marge5 11,75 11,50 10,88 12,24 12,41 13,47 12,30 0,00
Jahresüberschuss1 80,29 84,05 85,28 97,71 99,66 104,02 107,00 0,00
Netto-Marge6 6,82 8,52 8,23 9,09 9,33 9,34 8,71 0,00
Cashflow1,7 61,02 48,12 125,86 122,35 98,06 72,85 76,00 0,00
Ergebnis je Aktie8 2,34 2,51 2.58 2,96 3,02 3,15 3,25 3,34
Dividende8 0,60 0,60 0,60 0,64 0,64 0,67 0,67 0,70
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2018 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Ernst & Young

KWS Saat
WKN Kurs in € Einschätzung Börsenwert in Mio. €
707400 55,600 Kaufen 1.834,80
KGV 2021e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
16,02 17,91 0,938 20,07
1,95 25,19 1,65 9,878
Dividende '19 in € Dividende '20e in € Div.-Rendite '19e
in %
0,67 0,70 1,21 17.12.2019
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
26.11.2019 25.02.2020 19.05.2020 23.10.2019
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-3,42% -7,90% -3,64% 0,72%
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Agrar , 707400 , KWS , XETR:KWS