November 23, 2017 / 6:40 AM / 25 days ago

BRIEF-KWS Saat Q1 net loss widens to 38.5 million euros

Nov 23 (Reuters) - KWS SAAT SE:

* ‍HAS INCREASED ITS NET SALES BY 2.0% TO EUR136.0 MILLION IN OPENING QUARTER OF FISCAL 2017/201​

* ‍HAS INCREASED ITS NET SALES BY 2.0% TO EUR136.0 MILLION IN OPENING QUARTER OF FISCAL 2017/2018​

* ‍NET SALES AND EARNINGS EXPECTATIONS UNCHANGED​

* ‍EBIT IS TYPICALLY NEGATIVE AFTER Q1 AND WAS EUR -38.8 (PREVIOUS YEAR: -28.8) MILLION​

* Q1 ‍NET INCOME AFTER TAXES DECLINED BY 10.6% TO EUR -38.5 (-34.8) MILLION​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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