EQS-Adhoc

KWS SAAT SE & Co. KGaA: KWS sells corn business and licenses for KWS breeding material in South America - Seite 2

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 Brazil, Chile and Peru will remain part of KWS. The European corn business is also not affected by the transaction. KWS emphasizes the relevance of its positioning in this market segment, including its leading position in silage corn. Regarding the North American corn business, KWS is exploring various strategic options.

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 Argentina, the family-owned company employs 1,800 people in 15 countries.

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:
Notifying person:

Peter Vogt
Head of Investor Relations
Tel.: [phone]
[e-mail]
KWS SAAT SE & Co. KGaA
www.kws.de

End of Inside Information

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25-March-2024 CET/CEST The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.eqs-news.com

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Language:	English
Company:	KWS SAAT SE & Co. KGaA
	Grimsehlstraße 31
	37555 Einbeck
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	www.kws.de
ISIN:	DE0007074007
WKN:	707400
Indices:	S-DAX
Listed:	Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1866839