trending Market Intelligence /marketintelligence/en/news-insights/trending/b-WKR1-9HXNhmezUanqGog2 content esgSubNav
In This List

KWS Saat SE swings to loss in fiscal Q2

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud

Blog

Price wars in India: Disney+ Hotstar vs. Amazon Prime Video vs. Netflix


KWS Saat SE swings to loss in fiscal Q2

KWS Saat SE said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, amounted to a loss of €6.34 per share, compared with the S&P Capital IQ consensus estimate of a loss of €9.23 per share.

The per-share result swung to a loss from the prior-year profit of €1.19.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of €42.0 million, compared with income of €11.2 million in the prior-year period.

The normalized profit margin fell to negative 47.4% from 13.7% in the year-earlier period.

Total revenue increased 9.2% on an annual basis to €88.6 million from €81.1 million, and total operating expenses climbed 12.5% from the prior-year period to €150.4 million from €133.7 million.

Reported net income came to a loss of €45.5 million, or a loss of €6.87 per share, compared to income of €35.0 million, or €3.74 per share, in the prior-year period.