KWS SAAT SE & Co. KGaA (KNKZF) Q3 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, welcome to the KWS that quarterly reports nine months 2025-2026. At this time, all participants have been placed on a listen-only mode. The floor will be open for questions following the presentation. Let me now turn the floor over to your host, Jorn Andreas, Chief Financial Officer of KWS. Thank you, and a warm welcome, everyone. This is Jorn Andreas, CEO of KWS. Thank you, everyone, for joining us today for our nine months, 25, 26 update. Before I take you through our financial results, let me start with the big picture. As you agriculture remains a challenging environment, ongoing political tensions, fluctuating commodity prices, and pressure on acreage and farm economics have reduced visibility only for our farmers, but also by extension for our industry. And yet, this is exactly where we as KDS prove our strength. In a challenging environment, we delivered a resilient top line, solid earnings, and a strong operational And this is not a coincidence. It affects three things, our diversified portfolio, our consistent execution, and our innovation-driven business model. Even in areas under pressure, such as the sugar beet acreage, we navigated the environment effectively. And importantly, our strong financial position and our leverage give us the flexibility to invest organically and also where it fits via M&A. From that perspective, let's move into the numbers. And as always, at this point, a quick reminder, some of the statements we will be making today are forward-looking and subject to risks and uncertainties. As always, please refer to slide two for the full disclaimer. Let me now walk you through the key figures. So, net sales reached 1.35 billion euros, slightly above prior year. On an organic basis, this translates into a 2.6% growth. A...