EQS-Ad-hoc: AGRANA Beteiligungs-Aktiengesellschaft / Key word(s):
Strategic Company Decision
AGRANA Beteiligungs-Aktiengesellschaft: AGRANA aims to save between € 80
million and € 100 million in annual costs with the Group strategy adopted
today
12-Nov-2024 / 12:27 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.
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AD-HOC ANNOUNCEMENT
Publication of insider information pursuant to Article 17 MAR
Vienna, 12 November 2024
AGRANA aims to save between € 80 million and € 100 million in annual costs
with the Group strategy adopted today
Supervisory Board approves new AGRANA NEXT LEVEL strategy
The Management Board outlined the cornerstones of the new NEXT LEVEL Group
strategy for the first time at the Annual General Meeting of AGRANA
Beteiligungs-AG on 5th July 2024. This includes, among other things, a
reorganisation of the holding structure into a streamlined strategic
holding company and increased cross-segment collaboration through the
introduction of two interacting business units, “Agricultural Commodities
& Specialities” and “Food & Beverage Solutions”. The business units are
designed to enable the additional bundling of competencies as well as the
use of synergy potential in order to promote efficiency, innovation and
profitable growth.
At today's supervisory board meeting, the supervisory board approved the
new Group strategy presented by the management board. In addition to the
implementation of NEXT LEVEL, the accompanying measures for the structural
transformation of the Group were approved. The restructuring of the Group,
which includes optimising processes and reducing fixed costs, is expected
to save € 80 million to € 100 million annually, with full effect from the
2027|28 financial year. 5% of the effect of the measures is expected to be
achieved as early as the current 2024|25 financial year. NEXT LEVEL is
expected to have reduced the Group's expenses by a cumulative total of
almost € 160 million by the end of the 2027|28 financial year, and to
continue to achieve an annual savings effect of at least € 80 million
thereafter.
This announcement is available in German and English at (1)www.agrana.com.
End of Inside Information
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12-Nov-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com
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Language: English
Company: AGRANA Beteiligungs-Aktiengesellschaft
F.-W.-Raiffeisen-Platz 1
A-1020 Wien
Austria
Phone: +43-1-21137-0
Fax: +43-1-21137-12926
E-mail: investor.relations@agrana.com
Internet: www.agrana.com
ISIN: AT000AGRANA3
WKN: A2NB37
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange
(Official Market)
EQS News ID: 2028161
End of Announcement EQS News Service
2028161 12-Nov-2024 CET/CEST
References
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