KWS Saat SE & Co.KGaA : Much better EBIT on improved sugar beet segment, raised sales guidance now implies EBIT mid-point in line with consensus, weak FCF in H1 as NWC weighs
>Seasonally small and loss-making Q2 with 34% better-than-expected EBIT on strong sugar beet improvement - KWS Saat's seasonally weak fiscal Q2 2022-23 reported better than expected 41% y-o-y group sales growth to € 298m (ODDO: € 268m) primarily on strong sales in corn in Brazil. Group EBIT of -€ 39m was better than our forecast of -€ 59m and improved y-o-y compared to -€ 47.5m reported in the previous year. Almost breakeven sugar beet EBIT in a typically loss-making ...KWS SAAT is a holding company. Through its subsidiaries, Co. is engaged in developing, producing and distributing seed for agriculture. Co.'s operational business is divided into three segments: corn, which is engaged in the production and distribution activities of corn for grain and silage corn, oil and field seed; sugarbeet, which is engaged in the multiplication, processing and distribution activities for sugarbeet seed, as well as Co.'s seed potato business; and cereals, which is engaged in the production and distribution of hybrid rye, wheat and barley, as well as oil and field seed.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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