KWS Saat stock falls 1.82 percent as margins face pressure

KWS Saat stock (KWS.DE) was trading at EUR 70.20 on Xetra on September 24, 2026, down 1.82 percent from the prior close of EUR 71.50. The move followed fiscal 2025/2026 results that combined lower sales with higher net income, according to KWS Saat.

Revenue fell to EUR 1.6268 billion

For the fiscal year ended June 30, 2026, revenue declined 3 percent to EUR 1.6268 billion from EUR 1.6766 billion. Organic sales fell 1 percent, as lower acreage for sugar beet and corn weighed on the seed producer's performance, Investing.com reported on September 23, 2026.

The earnings mix was more favorable than the sales trend. Net income rose 13 percent to EUR 158 million, while earnings per share increased to EUR 4.80 from EUR 4.24 in fiscal 2024/2025. The result gives the stock a clear contrast between weaker operating momentum and stronger bottom-line performance.

Adjusted margin shows the pressure

Reported EBITDA margin reached 21.1 percent, up from 20.9 percent, but the figure included a EUR 29 million gain from the sale of corn license rights. Adjusted EBITDA margin fell to 19.3 percent from 20.4 percent, making the underlying profitability trend more cautious than the headline margin suggests.

KWS also reduced net debt to EUR 8.7 million from EUR 61.6 million and generated free cash flow of EUR 122.5 million, compared with EUR 123.2 million a year earlier. Management proposed a dividend of EUR 1.30 per share, up from EUR 1.25.

Guidance sets the next test

For fiscal 2026/2027, KWS expects 3 percent organic revenue growth and an EBITDA margin between 19 percent and 20 percent, conditional on a recovery in agricultural markets. That outlook places the burden on volume recovery because the latest fiscal year already showed a 3 percent reported revenue decline.

Baader Bank maintained a Buy rating and an EUR 85 price target on September 23, 2026, according to MarketScreener. The target is EUR 14.80 above the Xetra price cited on September 24, 2026, so the market is weighing the earnings improvement against the slower operating outlook.

Stock remains below its yearly high

KWS Saat stock stood at EUR 70.20 on Xetra on September 24, 2026. The 52-week range was EUR 61.30 to EUR 80.60, leaving the price EUR 10.40 below the yearly high and EUR 8.90 above the yearly low.