EQS-Adhoc: KWS SAAT SE & Co. KGaA: KWS sells corn business and licenses for KWS breeding material in South America
Source: EQS
EQS-Ad-hoc: Publication of insider information in accordance with Article 17 of EU-Regulation 596/2014 KWS sells corn business and licenses for KWS breeding material in With the transaction, the commercial South American corn business and licenses will be sold. The transaction volume amounts to a mid-three-digit million Euro amount. The transaction will have a significant positive impact on key financial indicators of the In the 2022/2023 financial year, the divested business activities generated sales of around The sale takes place against the backdrop of the assessment of the long-term opportunities and risks of the South American corn business for the implementation of KWS's strategy and sustainable orientation, as well as an increased focus on profitable growth. All business activities in the vegetable and sugarbeet segments as well as the counter-seasonal breeding programs for the European corn and sugarbeet portfolio in The transaction is subject to customary regulatory approvals and closing conditions. The transaction is expected to close during the second quarter of 2024. GDM is a global plant genetics company (primarily wheat and soybean). Based in Explanations of the financial ratios used: EBIT: Earnings before interest and taxes EBIT-margin: EBIT as a percentage of sales EBITDA: Earnings before interest, taxes, depreciation and amortization Net debt: Sum of current and non-current financial liabilities less cash and cash equivalents
Contact: Head of Investor Relations Tel.: +49-30 816914490 peter.vogt@kws.com www.kws.de End of Inside Information
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Language: | English |
Company: | |
Grimsehlstraße 31 | |
37555 Einbeck | |
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: | Regulated Market in |
EQS News ID: | 1866839 |
End of Announcement |
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1866839 25-March-