KWS SAAT SE & Co. KGaA

KWS SAAT SE & Co KGaA reported fiscal 2025-26 sales of EUR1.63 billion with organic sales down 1%, adjusted EBITDA of EUR343 million, and net income up more than 13% to EUR158 million. The company held its adjusted EBITDA margin within the guided range of 19% to 21%, generated free cash flow of approximately EUR123 million, and cut net debt to less than EUR9 million. Its sugar beet segment delivered an EBITDA margin of almost 42%, with innovative products CONVISO Smart and CR+ accounting for 63% of segment sales, while the company became the number one player in oilseed rape in Europe with sales up 24% in that crop. Vegetables organic sales fell 6.8% on lower North American demand and order timing, and KWS took a EUR5 million provision tied to an antitrust investigation in France over seed royalty mechanisms. The company proposed an increased dividend of EUR1.30 per share and guided to roughly 3% organic sales growth and a 19% to 20% EBITDA margin for fiscal 2026-27.