Operator
Good morning, ladies and gentlemen, and welcome to KWS SAAT SE Publication of Full Year Results 2025-2026. The conference will be recorded. [Operator Instructions]
Let me now turn the floor over to your host, Dr. Jörn Andreas.
Jorn Andreas
CFO & Member of Executive Board
Good morning, everyone. Thank you for joining us today for our full year ’25-’26 results call. Before we dive into the numbers, let me start with a brief perspective on the year. So ’25-’26 was certainly a challenging year for the agricultural sector. We’ve seen lower acreage in several crops, cautious farmer sentiment and also adverse currency developments that created quite some headwinds across many of our markets. Against this backdrop, we delivered actually a very resilient performance. While sales were affected by market conditions, we maintained a strong profitability. We generated excellent cash flow and further strengthened our balance sheet.
And at the same time, we continued investing in innovation and in executing our strategic priorities, and we are happy — very happy about that. So in short, the year once again demonstrated the resilience of the KWS business model and the strength of our diversified portfolio.
Before we dive into more detail, as always, please note that some statements made today are forward-looking and are therefore subject to risks and uncertainties. Please refer to the disclaimer on Slide 2.
Let’s start with the group highlights. Sales reached EUR 1.63 billion. Organic sales declined by only 1% despite significant acreage reductions
