adminOperator
Good morning, ladies and gentlemen, and welcome to the KWS SAAT conference regarding the publication of the financial results ’24-’25. [Operator Instructions] Let me now turn the floor over to Dr. Jorn Andreas.
Jorn Andreas
CFO & Member of Executive Board
Good morning, everyone, and welcome to our analyst and investor call for the fiscal year ’24-’25. I’m very pleased to share how KWS has delivered in a challenging agricultural environment with a robust operational performance and a number of deliberate strategic choices that set us up well for the future. Before we begin, as always, a brief reminder. Today’s remarks include forward-looking statements that are subject to risks and uncertainties, and you will find the full disclaimer on this slide. And with that, let me take you through the year’s highlights.
Over the past year, we navigated a weaker agricultural market condition with resilience, and we delivered our full year targets in line with the latest guidance. Two signals stand out: a strong increase in free cash flow and a low net debt position, both underlying KWS earnings power and balance sheet strength. We also sharpened our focus. We streamlined the portfolio. We repositioned the corn segment as we also anticipated and communicated earlier and set a new financial framework designed to drive sustainable, profitable growth.
As a leading seed specialist, this means targeted long-term investments in growth areas and in our innovation pipeline and continue to help to address the real challenges facing
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