KWS Saat

S&W Announces Second Quarter Fiscal 2024 Financial Results

Retrieved on: 
Wednesday, February 14, 2024

Revenue for the second quarter of fiscal 2024 was $10.9 million, a 16.0% decrease compared to the second quarter of fiscal 2023.

Key Points: 
  • Revenue for the second quarter of fiscal 2024 was $10.9 million, a 16.0% decrease compared to the second quarter of fiscal 2023.
  • Double TeamTM sorghum revenue was $4.0 million in the second quarter of fiscal 2024 compared to $1.2 million in the second quarter of fiscal 2023.
  • Gross profit margin for the second quarter of fiscal 2024 was 30.3%, an improvement from 21.3% in the second quarter of fiscal 2023.
  • Total revenue for the second quarter of fiscal 2024 was $10.9 million compared to total revenue for the second quarter of fiscal 2023 of $12.9 million.

S&W Announces Fiscal 2023 Financial Results

Retrieved on: 
Wednesday, September 27, 2023

LONGMONT, Colo., Sept. 27, 2023 /PRNewswire/ -- S&W Seed Company (Nasdaq: SANW) today announced financial results for the fiscal year ended June 30, 2023.

Key Points: 
  • LONGMONT, Colo., Sept. 27, 2023 /PRNewswire/ -- S&W Seed Company (Nasdaq: SANW) today announced financial results for the fiscal year ended June 30, 2023.
  • Double Team™ sorghum revenue was $6.5 million in fiscal 2023, compared to $2.4 million in fiscal 2022.
  • Total revenue for fiscal 2023 was $73.5 million, compared to total revenue for fiscal 2022 of $71.4 million.
  • Adjusted EBITDA (see Table B) for fiscal 2023 was $(9.3) million, compared to adjusted EBITDA of $(23.6) million for fiscal 2022.

S&W Announces Appointment of Mark Herrmann as Chief Executive Officer Following Retirement of Mark Wong

Retrieved on: 
Monday, June 26, 2023

LONGMONT, Colo., June 26, 2023 /PRNewswire/ -- S&W Seed Company (Nasdaq: SANW), a global agricultural company, today announced the appointment of seed industry veteran Mark Herrmann as Chief Executive Officer, effective July 1, 2023, following the planned retirement of current CEO, Mark Wong. Wong will continue to serve as a member of S&W's Board of Directors.

Key Points: 
  • LONGMONT, Colo., June 26, 2023 /PRNewswire/ -- S&W Seed Company (Nasdaq: SANW), a global agricultural company, today announced the appointment of seed industry veteran Mark Herrmann as Chief Executive Officer, effective July 1, 2023, following the planned retirement of current CEO, Mark Wong.
  • "We are excited to announce the appointment of Mark Herrmann, one of the agricultural seed industry's leading executives, as S&W's new CEO," commented Alan Willits, Chairman of S&W.
  • "Mark has a strong track record building and growing seed businesses into crop leadership positions, with a specific focus on trait technology.
  • Since January 2021, Herrmann has served as president and founder of Acumen Seed Executive Consulting LLC, a seed executive consulting firm.

EQS-News: KWS SAAT SE & Co. KGaA: KWS with convincing earnings growth after nine months of 2022/2023

Retrieved on: 
Thursday, May 11, 2023

Higher sales prices and positive exchange rate effects resulted in an increase in net sales of around 37% in Brazil.

Key Points: 
  • Higher sales prices and positive exchange rate effects resulted in an increase in net sales of around 37% in Brazil.
  • Net sales in the Sugarbeet Segment rose sharply by around 25% to €551.1 (441.4) million in the period under review.
  • This increase was mainly attributable to growth in Central and Eastern Europe and in the U.S.
  • The Executive Board still expects sharp growth in net sales (on a comparable basis) for KWS’ product segments.

S&W Announces Transition of Betsy Horton to Board of Directors

Retrieved on: 
Thursday, April 27, 2023

LONGMONT, Colo., April 27, 2023 /PRNewswire/ -- S&W Seed Company (Nasdaq: SANW), a global agricultural company, today announced the transition of Elizabeth (Betsy) Horton to the Company's board of directors following her resignation as the Company's Chief Financial Officer. Ms. Horton will serve as a director of the Company until the 2023 Annual Meeting of Stockholders, and until her successor is duly elected and qualified, or until her earlier death, resignation or removal. 

Key Points: 
  • Horton to resign as Chief Financial Officer; Company appoints agricultural industry veteran Vanessa Baughman as the Company's Interim Chief Financial Officer
    LONGMONT, Colo., April 27, 2023 /PRNewswire/ -- S&W Seed Company (Nasdaq: SANW), a global agricultural company, today announced the transition of Elizabeth (Betsy) Horton to the Company's board of directors following her resignation as the Company's Chief Financial Officer.
  • The Company appointed Vanessa Baughman as the Company's Interim Chief Financial Officer and corporate Secretary, effective concurrent with the end of Ms. Horton's tenure as Chief Financial Officer.
  • I look forward to that continued counsel as she transitions to her role as a member of the S&W board."
  • "I am appreciative of the Corporate Governance and Nominating Committee's recommendation to have me join the board of S&W.

EQS-News: KWS SAAT SE & Co. KGaA: KWS reports on successful fiscal year 2021/2022 and expects further growth

Retrieved on: 
Tuesday, September 27, 2022

Sales in the Sugarbeet segment rose significantly by 12.2% to 588.4 (524.3) million due to the great success of innovative KWS varieties.

Key Points: 
  • Sales in the Sugarbeet segment rose significantly by 12.2% to 588.4 (524.3) million due to the great success of innovative KWS varieties.
  • KWS thus grew faster than the market and thus once again underpinned its leading global market position for sugarbeet seeds.
  • This would mean that 26.4 (26.4) million will be distributed to the shareholders of KWS SAAT SE & Co. KGaA.
  • As already announced last year, the Chairman of the Supervisory Board of KWS SAAT SE & Co. KGaA and general partner KWS SE, Dr. Dr. h.c. mult.

DGAP-News: KWS publishes results for the first nine months of fiscal year 2021/2022

Retrieved on: 
Thursday, May 12, 2022

Net sales in the Sugarbeet Segment in the first nine months rose by 4% to 441.4 (425.4) million.

Key Points: 
  • Net sales in the Sugarbeet Segment in the first nine months rose by 4% to 441.4 (425.4) million.
  • KWS uses leading-edge plant breeding methods to continuously improve yield for farmers and plants resistance to diseases, pests and abiotic stress.
  • To that end, the company invested more than 250 million last fiscal year in research and development.
  • * All figures excluding the shares of the equity-accounted companies AGRELIANT GENETICS LLC., AGRELIANT GENETICS INC. and KENFENG KWS SEEDS CO., LTD.

Global Forage Seed Industry Trends, COVID-19 Impact, and Growth Forecast 2021-2026 Featuring Profiles of Leading Players Allied Seed, Brett-Young Seeds, AgReliant Genetics, and Others - ResearchAndMarkets.com

Retrieved on: 
Wednesday, December 15, 2021

The forage seed trade is highly international with large volumes of seed shipped across borders to meet farmers' demand across the globe.

Key Points: 
  • The forage seed trade is highly international with large volumes of seed shipped across borders to meet farmers' demand across the globe.
  • The major share in the forage seed market is occupied by North America, followed by Europe, Asia-Pacific, South America, and Africa.
  • Favorable weather conditions and an ever-increasing domestic and international demand are driving the growth in the North American forage seed market.
  • The global forage seeds market is a fragmented market with the presence of various players in the market.

AgReliant Genetics Takes Farmers Behind the Scenes of Pre-Commercial Corn Research Trials

Retrieved on: 
Wednesday, December 1, 2021

The analyses are part of AgReliant's robust research pipeline that evaluates more than 100,000 hybrid candidates each year for commercial viability.

Key Points: 
  • The analyses are part of AgReliant's robust research pipeline that evaluates more than 100,000 hybrid candidates each year for commercial viability.
  • Today, the company shares a "behind the scenes" look at what it takes to deliver high-performing, genetically diverse seed choices to farmers across North America.
  • Pre-commercial research represents the last step before selection of corn hybrids for the AgriGold or LG Seeds seed lineup.
  • AgReliant supplies diversified genetics to the market through access to a global germplasm pool in close collaboration with parent companies, KWS & Groupe Limagrain.

DGAP-News: KWS successfully completes fiscal year 2020/2021 and increases dividend

Retrieved on: 
Wednesday, October 20, 2021

The main contributors to the currency-adjusted growth were the South American markets of Argentina and Brazil and the Europe region.

Key Points: 
  • The main contributors to the currency-adjusted growth were the South American markets of Argentina and Brazil and the Europe region.
  • In North America, sales of the AgReliant joint venture declined slightly in a challenging competitive environment.
  • Currency effects from the devaluation of the U.S. dollar against the euro also had a significant negative impact.
  • Net sales in the Sugarbeet Segment rose by 6.6% to 524.3 (491.8) million as a result of the growing success of innovative KWS varieties.