KWS Saat SE & Co.KGaA : Seasonally loss-making Q1 with EBIT 15% better thanks to cereals, raised sales guidance still leaves EBIT mid-point below consensus on cost inflation
>Seasonally small and loss-making Q1, EBIT 15% better than expected thanks to strong showing from the cereals business - KWS Saat's seasonally weak fiscal Q1 2022-23 reported better-than-expected group sales growth of 21% y-o-y to € 266m (ODDO: € 245m) primarily thanks to strong sales in cereals/rapeseed in Europe. Group EBIT was -€ 33m beating our forecast of -€ 39m and showing a y-o-y improvement to -€ 42m reported the previous year, also thanks to the cereals segme...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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