KWS Saat stock falls 7.8 percent after annual results

Published on 09/23/2026 at 12:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

KWS Saat stock traded at EUR 72.50 on September 23, 2026, after sales fell 3 percent to EUR 1.627 billion. Net income rose 13.1 percent.

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KWS Saat stock (ISIN DE0007074007) traded at EUR 72.50 on September 23, 2026, down 7.8 percent after the seed producer published fiscal 2025/2026 results. The market reaction contrasted with net income of EUR 158.4 million, up 13.1 percent, as reported by Investing.com on September 23, 2026.

Sales decline drives the reaction

KWS reported fiscal 2025/2026 net sales of EUR 1.627 billion, down 3 percent from EUR 1.677 billion in the previous fiscal year, according to Investing.com. Organic sales declined 1 percent, while reduced crop acreage, currency effects and cautious farmer spending weighed on the top line.

The earnings mix was more resilient than revenue. Adjusted EBITDA reached a margin of 19.3 percent in fiscal 2025/2026, within the company guidance range of 19 percent to 21 percent, while the reported EBITDA margin was 21.1 percent after a EUR 29 million gain from the sale of North American corn license rights.

Guidance points to moderate growth

For fiscal 2026/2027, KWS expects organic sales growth of approximately 3 percent and an EBITDA margin between 19 percent and 20 percent, as reported by Investing.com on September 23, 2026. That forecast is the key test for the stock because it implies a return to growth after the 3 percent reported sales decline.

Cash generation and leverage provide a counterweight to the weaker revenue trend. Free cash flow was EUR 123 million in fiscal 2025/2026, while net debt fell to EUR 8.7 million from EUR 61.6 million, according to Investing.com.

Stock remains below yearly high

The Xetra reference price was EUR 72.50 on September 23, 2026. The same market data put the 52-week range at EUR 61.30 to EUR 80.60, leaving the shares EUR 8.10 below the yearly high and EUR 11.20 above the yearly low.

Baader Bank kept its Add rating and an EUR 85 price target after the results, according to Boerse Online on September 23, 2026. The target is EUR 12.50 above the reported market price, but the unchanged rating leaves the sales recovery and 2026/2027 delivery as the central execution issues.

EUR 72.50 closes the update

KWS Saat stock stood at EUR 72.50 on Xetra as of September 23, 2026, after the annual-results reaction. The proposed fiscal 2025/2026 dividend was EUR 1.30 per share, up from EUR 1.25 in the previous year, with shareholder approval scheduled for December 1, 2026, according to Investing.com.