Q3 2026 KWS SAAT SE & Co KgaA Earnings Call Transcript

May 12, 2026 / 07:00 AM GMT

Release Date Price: CHF70.9

Transcript

Key Points

Positve

KWS SAAT SE & Co KGaA (WBO:KWS) reported a resilient top-line with net sales reaching EUR 1.35 billion, reflecting a 2.6% organic growth.
EBITDA increased to EUR 386.8 million from EUR 360.8 million, driven by improved operational discipline and special items.
The company maintained a strong financial position with stable debt at EUR 179 million and improved leverage at 0.4 times EBITDA.
The sunflower business showed encouraging double-digit growth, supported by a renewed variety portfolio.
KWS SAAT SE & Co KGaA (WBO:KWS) is investing in the expansion of its vegetable breeding capacity, indicating a focus on future growth.

Negative

Free cash flow was negative at minus EUR 52.4 million, compared to minus EUR 3.9 million last year, due to higher receivables backlog.
Currency effects, particularly from the Turkish lira and US dollar, had a negative impact of 1.8% on sales.
The sugar beet segment faced challenges with a 6% reduction in global acreage, impacting sales.
The cereals segment experienced a decline in hybrid rye sales by 14%, affected by low rye market prices.
A provision for a legal risk in the cereals segment was recognized due to an ongoing antitrust investigation in France.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

KWSG.DE - KWS SAAT SE & Co KgaA
Q3 2026 KWS SAAT SE & Co KgaA Earnings Call
May 12, 2026 / 07:00AM GMT

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Presentation
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Unidentified_1 [1]
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Thank you, and a warm welcome, everyone. This is John Reas, CFO of KWS.

Thank you, everyone, for joining us today for our nine months, '25-'26 update.

Before I take you through our financial results, let me start with the big picture.

As agriculture remains a challenging environment, ongoing political tensions, fluctuating commodity prices. And pressure on acreage and farm economics have reduced visibility not only for our farmers but also by extension for our industry. And yet this is exactly where we as KWS prove our strengths.

In a challenging environment, we delivered a resilient top-line, a solid earnings, and a strong operational discipline. And this is not a coincidence. It

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