on KWS SAAT AG (isin : DE0007074007)
KWS Closes Strong Fiscal Year 2023/2024 and Increases Dividend
KWS SAAT SE & Co. KGaA has reported a robust fiscal year 2023/2024 with significant increases in key financial figures. Net sales rose by 12% to €1.68 billion, while EBITDA surged by 39% to €388.1 million. The company's EBIT grew by 55% to €302 million, and earnings per share increased by 46% to €5.58.
The company also announced a dividend proposal increase to €1.00 per share. The sale of the corn business in South America notably bolstered KWS's financial position. CFO Eva Kienle will be leaving the company in January 2025. KWS forecasts net sales growth of 2-4% and an EBIT margin of 14-16% for the upcoming fiscal year.
R. H.
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