EQS-News: AGRANA Beteiligungs-Aktiengesellschaft / Key word(s): Quarterly results/quarterly/interim statement AGRANA: Challenging market environment puts pressure on results for the first financial quarter July 11, 2024 / 07:30 CET/CEST The issuer/publisher is responsible for the content of the announcement responsible. ════════════════════════════════════════ ══════════ ════════════════════════ AGRANA: Challenging market environment puts pressure on results for the first financial quarter Key figures for the first financial quarter of 2024|25 at a glance • Sales: 944.3 million. € (1st quarter of 2023|24: €966.1 million) • EBIT: €32.3 million (1st quarter of 2023|24: €63.5 million) • EBIT margin: 3.4% ( 1st quarter of 2023|24: 6.6%) • Consolidated result: €16.1 million (1st quarter of 2023|24: €38.0 million) • Equity ratio: 46.7% (February 29, 2024: 43 .2%) The fruit, starch and sugar group AGRANA recorded a significant decline in earnings from operations (EBIT) by 49.1% to €32.3 million after the first financial quarter (March 1 – May 31, 2024). . Sales fell slightly by 2.3% to €944.3 million. “After the solid annual result for 2023|24, we had a weaker start to the 2024|25 financial year, as expected. The significant decline in earnings was due to the very challenging market environment in the sugar and starch segment, where sales prices fell. However, business development in the fruit segment was better and led to a significant increase in EBIT in this business area,” explains AGRANA CEO Stephan Büttner. Business development in the first quarter of 2024|25 in the segments FRUIT segment At €415.6 million, sales were 3.6% higher than in the comparable period of the previous year. Sales rose due to volumes in both fruit preparations and fruit juice concentrates. EBIT in the segment amounted to €27.0 million in the first three months of the financial year (previous year: €24.4 million). The result for fruit preparations was significantly higher than the previous year. The improvement was due, among other things, to positive business development in the European regions (including Ukraine) and in Mexico. STARCH segment Sales in the starch segment amounted to €265.5 million in the first quarter, 16.3% below the value of the comparable period (€317.1 million), in which the war in Ukraine led to massive price increases the markets. Due to lower raw material and energy prices, a significant decline in market prices was observed compared to the previous year, with an impact on the sales prices of the entire starch portfolio. For example, those for ethanol fell by around 25% due to significantly lower Platts prices. At €9.4 million, EBIT in the starch segment was significantly below the previous year’s figure. A main reason for this was the decline in margins in the area of starch and saccharification products due to significantly lower sales prices for main and by-products. SUGAR segment In the sugar segment, sales of €263.2 million were 6.2% higher than in the first quarter of the previous year. The negative effect of lower sugar sales prices was more than offset by higher sales. Developments on the sugar market have recently been determined by sugar imports from Ukraine and the expectation of higher EU sugar production in the 2024|25 campaign. EBIT in the first quarter amounted to €4.1 million and was therefore significantly worse than in the previous year. In particular, significantly lower sugar sales prices were reflected in the quarterly results. There was price pressure, particularly in the regions severely affected by Ukrainian imports. Outlook AGRANA expects a significant decline in earnings from operations (EBIT) for the 2024|25 financial year. A moderate decline in consolidated sales is expected. The total investment volume in the three segments is expected to be around €120 million, moderately below the 2023|24 value and at depreciation level. Around 12% of this will be attributable to emission reduction measures in our own production as part of AGRANA’s climate strategy. The detailed financial information can be found in the interim statement for the first quarter of 2024|25 at (1) https://www.agrana.com/ir/ . About AGRANA AGRANA refines agricultural raw materials into high-quality food and a variety of industrial intermediate products. Around 9,000 employees at 55 production sites worldwide generate annual consolidated sales of around €3.8 billion. The company was founded in 1988 and is the world market leader in fruit preparations, the world’s leading manufacturer of apple juice and berry juice concentrates and, in the starch segment, a significant producer of customized potato, corn and wheat starch products as well as bioethanol. AGRANA is the leading sugar company in Central and Eastern Europe. For questions: Mag. (FH) Markus Simak press spokesman +43 1 21137 12084 (2)markus.simak@agrana.com
Mag. (FH) Hannes Haider
Investor Relations Officer
+43 1 21137 12905
(3)hannes.haider@agrana.com This message is available in German and English at (4) www.agrana.com available. ════════════════════════════════════════ ══════════ ════════════════════════ 11.07.2024 CET/CEST Publication of a corporate news/financial announcement, transmitted by EQS Group AG. www.eqs.com
════════════════════════════════════════ ══════════ ════════════════════════ Language: German Company: AGRANA Beteiligungs-Aktiengesellschaft F.-W.-Raiffeisen-Platz 1 A-1020 Vienna Austria Telephone: +43-1-21137-0 Fax: +43-1-21137-12926 Email: investor.relations@agrana.com
Internet: www.agrana.com
ISIN: AT000AGRANA3 WKN: A2NB37 Stock exchanges: open market in Berlin, Düsseldorf, Frankfurt, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange (official trading) EQS News ID: 1943739 End of message EQS News Service 1943739 July 11, 2024 CET/CEST References Visible links 1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=f3421f2b7674d83bf62f3ccd13aac73b&application_id=1943739&site_id=apa_ots_austria~~~18b544d0-9c71-4160-bd95-cc8b9aff9fbf&application_name=news
2. markus. listen@agrana.com 3. hannes.haider@agrana.com
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