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

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WEBVTT 00:00:00.031 -- 00:00:05.216 Ladies and gentlemen, welcome to the KWS that quarterly reports nine months 00:00:05.216 -- 00:00:08.358 2025-2026. At this 00:00:08.358 -- 00:00:12.402 time, all participants have been placed on a listen-only mode. 00:00:12.402 -- 00:00:15.665 The floor will be open for questions following the presentation. 00:00:15.665 -- 00:00:20.449 Let me now turn the floor over to your host, Jorn Andreas, Chief Financial Officer of 00:00:20.449 -- 00:00:22.449 KWS. 00:00:23.251 -- 00:00:28.276 Thank you, and a warm welcome, everyone. This is Jorn Andreas, CEO 00:00:28.276 -- 00:00:34.926 of KWS. Thank you, everyone, for joining us today for our nine months, 25, 26 update. 00:00:34.926 -- 00:00:40.636 Before I take you through our financial results, let me start with the big picture. 00:00:40.636 -- 00:00:46.165 As you agriculture remains a challenging environment, ongoing political 00:00:46.165 -- 00:00:51.366 tensions, fluctuating commodity prices, and pressure on acreage and farm economics have 00:00:51.366 -- 00:00:53.887 reduced visibility 00:00:53.929 -- 00:00:58.775 only for our farmers, but also by extension for our industry. 00:00:58.775 -- 00:01:03.541 And yet, this is exactly where we as KDS prove our strength. 00:01:03.541 -- 00:01:08.847 In a challenging environment, we delivered a resilient top line, solid earnings, 00:01:08.847 -- 00:01:12.712 and a strong operational And this is not a coincidence. 00:01:12.712 -- 00:01:17.778 It affects three things, our diversified portfolio, our consistent 00:01:17.778 -- 00:01:22.443 execution, and our innovation-driven business model. 00:01:22.443 -- 00:01:27.449 Even in areas under pressure, such as the sugar beet acreage, we navigated the environment 00:01:27.449 -- 00:01:32.334 effective...