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MarketScreener Homepage  >  Equities  >  Xetra  >  KWS SAAT SE & Co. KGaA    KWS   DE0007074007

KWS SAAT SE & CO. KGAA

(KWS)
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KWS SAAT SE & Co. KGaA: KWS changes legal form

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07/02/2019 | 07:45am EST

DGAP-News: KWS SAAT SE & Co. KGaA / Key word(s): Miscellaneous
KWS SAAT SE & Co. KGaA: KWS changes legal form

02.07.2019 / 13:40
The issuer is solely responsible for the content of this announcement.


KWS changes legal form

Change to partnership limited by shares - New legal form supports continuation of growth strategy - Company's character as listed family business is preserved

Einbeck, July 02, 2019 - Upon today's entry in the commercial register, the company's legal form has changed from KWS SAAT SE into KWS SAAT SE & Co. KGaA as adopted by the Annual General Meeting on December 14, 2018.

As part of the change in legal form, KWS SE will join the company as general partner. It will be majority-owned by investment companies of the shareholder families C.-E. Büchting and Arend Oetker. Its Executive Board will be identical to the previous Executive Board of KWS SAAT SE. The shareholders of KWS SAAT SE will automatically become limited partners of the new KGaA. The change of legal form will not result in liquidation of the company or formation of a new legal entity. The company's legal and economic identity will be retained, and the composition of the supervisory board remains unchanged.

The change in legal form is to sustainably further the company's continuing growth strategy. As a KGaA, KWS will be able to leverage future growth opportunities with greater agility and flexibility and raise the equity required for that without losing the company's character as a listed family business.

The shares of KWS SAAT SE & Co. KGaA will continue to be registered under the established International Securities Identification Number (ISIN: DE0007074007).

About KWS*

KWS is one of the world's leading plant breeding companies. In the fiscal year 2017/18 more than 5,000 employees in 70 countries generated net sales of EUR 1,068 million and earnings before interest and taxes (EBIT) of EUR 133 million. A company with a tradition of family ownership, KWS has operated independently for more than 160 years. It focuses on plant breeding and the production and sale of seed for corn, sugarbeet, cereals, rapeseed and sunflowers. KWS uses leading-edge plant breeding methods to increase farmers' yields and to improve resistance to diseases, pests and abiotic stress. To that end, the company invested almost EUR 200 million last fiscal year in research and development.
*All figures exclude the companies carried at equity AGRELIANT GENETICS LLC., AGRELIANT GENETICS INC. and KENFENG - KWS SEEDS CO., LTD.

For more information: www.kws.com. Follow us on Twitter(R) at https://twitter.com/KWS_Group.


Contact:
Peter Vogt
Head of Investor Relations
Phone: +49-30 209136-217
investor.relations@kws.com

KWS SAAT SE & Co. KGaA
www.kws.de



02.07.2019 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: KWS SAAT SE & Co. KGaA
Grimsehlstraße 31
37555 Einbeck
Germany
Phone: +49 (0)5561 311-0
Fax: +49 (0)5561 311-322
E-mail: info@kws.com
Internet: www.kws.de
ISIN: DE0007074007
WKN: 707400
Indices: S-DAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hanover; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 834753

 
End of News DGAP News Service

834753  02.07.2019 

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© EQS 2019
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Sales 2020 1 235 M
EBIT 2020 157 M
Net income 2020 119 M
Debt 2020 499 M
Yield 2020 1,19%
P/E ratio 2020 16,3x
P/E ratio 2021 16,2x
EV / Sales2020 1,98x
EV / Sales2021 1,85x
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Technical analysis trends KWS SAAT SE & CO. KGAA
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TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 68,00  €
Last Close Price 58,90  €
Spread / Highest target 25,6%
Spread / Average Target 15,4%
Spread / Lowest Target 5,26%
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Hagen Duenbostel Chief Executive Officer
Andreas J. Büchting Chairman-Supervisory Board
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