EQS-News

AGRANA has strong operating performance in first three quarters - Seite 3

 

The detailed financial results are provided in the interim statement for the first three quarters of 2022|23 : LINK

 

Outlook

For the full 2022|23 financial year, AGRANA continues to expect a very significant increase in operating profit (EBIT), in other words, a rise of at least 50%. As well, both the Group’s “operating profit before exceptional items and results of equity-accounted joint ventures” and revenue are projected to show significant growth, i.e., an increase of between 10% and 50%.

Total investment across the three business segments in the 2022|23 financial year, at approximately € 111 million, is expected to exceed the 2021|22 level, but to come in below this year’s budgeted depreciation of about € 120 million.

“A substantial share of our future investment will be in further measures to reduce greenhouse gas emissions. AGRANA is committed to a concrete plan to make its production CO₂-neutral by 2040 and also to reduce to net zero its emissions in the upstream and downstream value chain by 2050 at the latest, from primary agricultural production all the way to the transport of products to our customers,” says CEO Mühleisen. AGRANA’s sustainability strategy includes ongoing energy efficiency measures for a complete transition to renewable energy in production and, from 2025, recovering energy from low-protein raw material residues as a substitute for fossil fuels.

 

About AGRANA

AGRANA converts agricultural raw materials into high-quality foods and numerous industrial intermediate products. About 9,000 employees at 55 production sites worldwide generate annual Group revenue of approximately € 3 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 (made from potato, corn and wheat) and of bioethanol. AGRANA is the leading sugar producer in Central and Eastern Europe.