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KWS Saat SE fiscal Q3 profit climbs 48.4% YOY


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KWS Saat SE fiscal Q3 profit climbs 48.4% YOY

KWS Saat SE said its normalized net income for the fiscal third quarter ended March 31 amounted to €24.88 per share, compared with the S&P Capital IQ consensus estimate of €27.20 per share.

EPS declined 13.6% year over year from €28.78.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €164.2 million, an increase of 48.4% from €110.6 million in the year-earlier period.

The normalized profit margin increased to 28.1% from 20.2% in the year-earlier period.

Total revenue increased 6.4% year over year to €583.9 million from €548.6 million, and total operating expenses grew 7.3% from the prior-year period to €346.9 million from €323.4 million.

Reported net income rose 70.4% on an annual basis to €181.3 million, or €27.47 per share, from €106.4 million, or €27.68 per share.