EQS-News

AGRANA achieves robust results in the 2023|24 financial year

EQS-News: AGRANA Beteiligungs-Aktiengesellschaft / Key word(s): Annual Results AGRANA achieves robust results in the 2023|24 financial year 14.05.2024 / 07:30 CET/CEST The issuer is solely responsible for the content of this announcement. AGRANA achieves robust results in the 2023|24 financial year 2023|24 at a glance (year ended 29 February 2024)

- Revenue: € 3,786.9 million (+4.1%; prior year: € 3,637.4 million)

- Operating profit before exceptional items and results of equity-accounted joint ventures: € 176.6 million (+11.5%; prior year: € 158.4 million)

- Operating profit (EBIT): € 151.0 million (+71.1%; prior year: € 88.3 million)

- Earnings per share: € 1.04 (+316.0%; prior year: € 0.25)

- Equity ratio: 43.2% (prior year: 41.8%)

- Dividend proposal for 2023|24: € 0.90 per share (dividend for 2022|23: € 0.90 per share)

 

Revenue of the AGRANA Group grew by 4.1% in the 2023|24 financial year to € 3,786.9 million. Operating profit (EBIT) was € 151.0 million, fulfilling the guidance of a very substantial increase from the prior year. “Despite a continued volatile environment – in which we adapted well to the market dynamics of raw material and energy prices and sales volumes – we were able to significantly improve our results. The Fruit segment did well operationally; a downside factor in its operating profit was an impairment charge made necessary by the ongoing strained business trend in Asia. In the Starch segment, sales volumes and selling prices, and therefore also operating profit, fell significantly compared to the previous year as a result of the sluggish economy. The Sugar segment significantly improved its capacity utilisation and increased its sugar production volume from the year before. In spite of a decline in sugar sales volume due to increased imports from Ukraine, the sugar business was satisfactory,” said AGRANA CEO Stephan Büttner.