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German Federal States — News — Financial year — Annual General Meeting — Agrarian — einbeck — Northeim — Shareholders — Lower Saxony — Dividend

KWS Saat approves higher dividend

Shareholders of seed producer KWS Saat will receive a higher dividend. A clear majority of shareholders voted in favor of a higher dividend at the Annual Shareholders' Meeting in Einbeck on Wednesday, the company announced in the afternoon. The profit distribution for the 2022/2023 financial...

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The logo of the biotechnology company KWS Saat SE can be seen at the company headquarters in....aussiedlerbote.de
The logo of the biotechnology company KWS Saat SE can be seen at the company headquarters in Einbeck. Photo.aussiedlerbote.de

Northeim - KWS Saat approves higher dividend

Shareholders of seed producer KWS Saat will receive a higher dividend. A clear majority of shareholders voted in favor of a higher dividend at the Annual Shareholders' Meeting in Einbeck on Wednesday, the company announced in the afternoon. The profit distribution for the 2022/2023 financial year will therefore increase from 80 to 90 cents per share.

The company had already announced its business figures in September. Accordingly, expectations were exceeded thanks to good business in all areas. In the financial year to the end of June, the company increased its turnover by 18% to 1.82 billion euros. Earnings before interest and taxes (EBIT) climbed by 44 percent to just under 223 million euros.

The key figures exceeded both the company's own forecast and experts' expectations. The bottom line was a profit of 127 million euros, with 29.7 million euros now to be distributed to shareholders as a dividend. In the current financial year, the company expects sales to increase by three to five percent on a comparable basis.

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  1. The increased dividend of 90 cents per share for the 2022/2023 financial year was approved during the Annual General Meeting held in the agrarian town of Einbeck, Lower Saxony.
  2. The shareholders of KWS Saat, headquartered in Northeim, will benefit from the higher dividend distribution due to the company's strong financial performance during the previous financial year.
  3. During their meeting, shareholders also voted in favor of KWS Saat's business strategy for the upcoming financial year, which includes plans to increase sales by 3-5% on a comparable basis.
  4. The 223 million euros EBIT and the 18% revenue growth in the recent financial year contributed significantly to the ability of KWS Saat to propose a higher dividend to its shareholders at the Annual General Meeting in Einbeck.

Source: www.stern.de

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