EQS-Adhoc

AGRANA Beteiligungs-Aktiengesellschaft: EBIT of € 39.1 million in third quarter 2022|23 significantly higher than expected

EQS-Ad-hoc: AGRANA Beteiligungs-Aktiengesellschaft / Key word(s): Quarter Results/Profit Warning AGRANA Beteiligungs-Aktiengesellschaft: EBIT of € 39.1 million in third quarter 2022|23 significantly higher than expected 14-Dec-2022 / 12:11 CET/CEST Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. AD-HOC ANNOUNCEMENT

Publication of insider information pursuant to Article 17 MAR

 

Vienna, 14 December 2022

 

 EBIT of € 39.1 million in third quarter 2022|23 significantly higher than expected

Positive consolidated EBIT guidance for the full 2022|23 financial year confirmed

 

The consolidated EBIT (operating profit before exceptional items and results of equity-accounted joint ventures) of AGRANA-Beteiligungs-AG in the third quarter 2022|23 (1 September to 30 November 2022) was, at € 39.1 million, higher than anticipated (Q3 2021|22: € 31.2 million). The key driver of the marked improvement in earnings in the last three months was especially the stronger performance in the business fields Sugar and Fruit juice concentrates.

In the first three quarters of 2022|23 (1 March to 30 November 2022), the Group generated an operating profit before exceptional items and results of equity-accounted joint ventures of € 121.6 million (Q1-Q3 2021|22: € 68.7 million) and EBIT of € 50.2 million (Q1-Q3 2021|22: € 76.0 million). Group revenue amounted to € 2,742.5 million (Q1-Q3 2021|22: € 2,169.6 million).

All figures in €m	Q3 2022|23	Q3 2021|22	Q1-Q3 2022|23	Q1-Q3 2021|22
Revenue	950.2	745.2	2,742.5	2,169.6
Operating profit before  exceptional items and results of equity-accounted joint ventures	35.1	27.7	121.6	68.7
Share of results of equity-accounted joint ventures	4.1	3.5	17.6	9.6
Exceptional items	(0.1)	0.0	(89.0)1	(2.3)
Operating profit (EBIT)	39.1	31.2	50.2	76.0

¹ Including asset and goodwill impairment in the Fruit segment in Q2 2022|23