KWS SAAT SE & Co. KGaA (KWS) Earnings Call Transcripts

KWS SAAT SE & Co. KGaA's Latest Earnings Call - Q3 FY2026

In the Q3 2025-2026 earnings call, KWS SAAT reported net sales of EUR 1.35 billion, reflecting a 2.6% organic growth despite currency headwinds. EBITDA increased to EUR 386.8 million, up from EUR 360.8 million, driven by improved operational discipline and a strong financial position. Management maintained their full-year guidance, indicating confidence in overcoming external challenges while navigating a volatile agricultural environment.

Reported metrics

Guidance from management

Management confirmed their full-year guidance, expecting to exceed last year's free cash flow figure of EUR 123 million, despite ongoing currency volatility and regional order patterns.

What management said

All right. So I'm pretty sure that we will have a plenty of opportunity today and in the next phase to follow up on a few things. We will be also on the road. So thank you again for your interest and joining us this morning. And already, we look forward to seeing you of course, if not on the road, then latest at our Vegetables Investor Day in Andijk. And with that, thank you, and have a good day.

What analysts pressed on

Analysts raised concerns about the impact of pull-forward effects on future quarters, particularly in the Corn and Sugarbeet segments. There were also questions regarding the legal risk provision in the cereals segment and its potential implications for profitability.

Main topics on the call

• Revenue Growth — KWS achieved net sales of EUR 1.35 billion, slightly above the prior year, with organic growth of 2.6%. Management noted, 'Even in areas under pressure, such as the Sugarbeet acreage, we navigated the environment effecti...
• EBITDA Improvement — EBITDA rose to EUR 386.8 million, including a EUR 29 million one-off gain from the sale of license rights. Adjusted EBITDA increased from EUR 353 million to EUR 357 million, indicating solid underlying profitability.
• Free Cash Flow Decline — Free cash flow was reported at minus EUR 52.4 million, a decline from minus EUR 3.9 million last year, primarily due to higher receivables backlog. Management stated, 'We expect to exceed the free cash flow figure of EUR...
• Sugarbeet Segment Performance — Sales in the Sugarbeet segment increased to EUR 73.8 million, with organic growth of 4.2%. Management highlighted that 'the mix shift towards differentiated premium price products is continuing.'

Read the full KWS SAAT SE & Co. KGaA transcript (Q3 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 10 KWS SAAT SE & Co. KGaA earnings call transcripts on record, spanning October 23, 2020 to May 12, 2026. Based on this history, KWS SAAT SE & Co. KGaA reports semi-annually. The most recent call on file is dated May 12, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

KWS

Exchange

XTRA

Country

DE

Sector

Consumer Staples

Industry

Food Products

Calls on record

10

First call

October 23, 2020

Most recent

May 12, 2026

Reporting cadence

semi-annually