$KWS (-3,41 %) Disappointing quarterly results send the stock tumbling:
Shares of KWS SAAT SE & Co. KGaA fell 7.8% to 72.50 euros after the German seed producer released its results for fiscal year 2025/2026 before the market opened. Both net revenue and operating profit fell short of analysts’ expectations.
Net revenue fell by 3% to 1.63 billion euros—or, on an organic basis (adjusted for currency and portfolio effects), by 1%. Smaller planted areas in the core segments of sugar beets and corn weighed on the company’s revenue.
EBITDA declined by 2.1% to 343 million euros. Although the reported margin rose slightly to 21.1%, this figure included a one-time gain of 29 million euros from the sale of corn licensing rights. On an adjusted basis, however, the margin declined from 20.4% to 19.3%.
The outlook caused further disappointment among investors. Management forecasts organic revenue growth of around 3% for fiscal year 2026/2027, contingent on a recovery in agricultural markets, and anticipates an EBITDA margin of 19% to 20%. Both figures are below the prevailing analyst consensus.
Too bad. Overall, it’s a stock I find interesting, with good dividend growth and a business model that is, in and of itself, sustainable. Nevertheless, I’ve now set a stop-loss at €70. If it drops below that, then ciao. Lock in profits.
Price: €71.50 as of September 23, 2026, 12:00 p.m.