EANS-News AGRANA grows revenue and EBIT in Q1 2020|21 - Seite 2

Nachrichtenagentur: news aktuell
09.07.2020, 09:40  |  187   |   |   


from the 2019 crop.


STARCH segment
The Starch segment's revenue of CHF 204.4 million was slightly below the year-
earlier level. The COVID-19 crisis had a negative impact on sales volumes of
saccharification products, and initially also led to a drastic fall in
bioethanol prices amid the lockdown and the sharp drop in demand for petrol.
However, over the rest of the financial first quarter, bioethanol quotations
rebounded again due to the resurgence in private transport. At EUR 17.0 million,
EBIT of the Starch segment was moderately below the year-earlier amount. In the
period under review, weaker market demand dampened prices and put pressure on
margins.


SUGAR segment
The Sugar segment's revenue of EUR 144.5 million in the first quarter was up
significantly from one year before. Both higher sugar selling prices and
increased sugar sales volumes led to this growth. Although EBIT was still
negative at a deficit of EUR 1.0 million, it marked a substantial improvement
compared to the same quarter of the previous year due to a more benign sales
price environment.

The detailed financial results are provided in the interim statement for the
first quarter of 2020|21 at www.agrana.com/en/investor [https://www.agrana.com/
fileadmin/inhalte/agrana_group/quarterly_reports/2020_21/
AGRANA_Interim_Statement_Q1_2020_21_EN.pdf].


Outlook
On the basis of the planning before the advent of COVID-19, AGRANA had expected
a significant increase in Group EBIT for the full 2020|21 financial year. This
forecast continues to be subject to the proviso that the economic and financial
impacts of the COVID-19 pandemic are currently not quantifiable and the further
trajectory of the pandemic is uncertain.

In the 2020|21 financial year, the AGRANA Group plans to invest approximately
EUR 73 million, an amount significantly less than the budgeted depreciation of
about EUR 120 million. The largest capital expenditure project is the betaine
crystallisation plant of Beta Pura GmbH. Together with the American joint
venture partner, The Amalgamated Sugar Company LLC, about EUR 37 million will be
invested in the refining of by-products from sugar production, at the site in
Tulln, Austria. The new plant will be commissioned in August 2020.


About AGRANA
AGRANA converts agricultural raw materials into high-quality foods and numerous
industrial intermediate products. About 9,400 employees at 57 production sites
worldwide generate annual Group revenue of approximately EUR 2.5 billion.
Established in 1988, the company is the world market leader in fruit
preparations and the foremost producer of fruit juice concentrates in Europe. As
well, its Starch segment is a major manufacturer of custom starch products and
of bioethanol. AGRANA today is also the leading sugar producer in Central and
Eastern Europe.

This announcement is available in German and English at www.agrana.com [https://
www.agrana.com/en/].



Further inquiry note:
AGRANA Beteiligungs-AG

Mag.(FH) Hannes Haider
Investor Relations
Tel.: +43-1-211 37-12905
e-mail:hannes.haider@agrana.com


Mag.(FH) Markus Simak
Public Relations
Tel.: +43-1-211 37-12084
e-mail: markus.simak@agrana.com

end of announcement euro adhoc
--------------------------------------------------------------------------------

issuer: AGRANA Beteiligungs-AG
F.-W.-Raiffeisen-Platz 1
A-1020 Wien
phone: +43-1-21137-0
FAX: +43-1-21137-12926
mail: info.ab@agrana.com
WWW: www.agrana.com
ISIN: AT000AGRANA3
indexes: WBI
stockmarkets: Stuttgart, Wien, Frankfurt, Berlin
language: English

Additional content: http://presseportal.de/pm/63352/4647018
OTS: AGRANA Beteiligungs-AG
ISIN: AT0000603709
Seite 2 von 3


Diesen Artikel teilen
Wertpapier



0 Kommentare

Schreibe Deinen Kommentar

Bitte melden Sie sich an, um zu kommentieren. Anmelden | Registrieren

 

Disclaimer

EANS-News AGRANA grows revenue and EBIT in Q1 2020|21 - Seite 2 - Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement. - Quarterly Report Vienna - Financial first quarter of 2020|21 at a glance - Revenue: EUR …

Nachrichten des Autors

Titel
Titel
Titel
Titel

COMMUNITY

ZeitTitel
05.03.21