EQS-Ad-hoc: AGRANA Beteiligungs-Aktiengesellschaft / Key word(s): Change
in Forecast
AGRANA Beteiligungs-Aktiengesellschaft: AGRANA now expects very
significant EBIT decline in 2024|25 financial year
11-Nov-2024 / 12:24 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, 11 November 2024
AGRANA now expects very significant EBIT decline in 2024|25 financial year
AGRANA Group recently confirmed its annual guidance on 10 October 2024 in
the context of publishing its results for the first half of 2024|25.
Significantly lower EBIT* was forecast for the 2024|25 financial year
compared to the prior year (2023|24: € 151.0 million), with a decline of
10% to 50%.
It had already been communicated that, due to higher sugar inventories and
sharply falling sugar prices (in the EU and globally), AGRANA’s Sugar
segment in particular would continue to face very challenging times in the
coming months. Since the full-blown start of the sugar beet processing
campaign in October 2024, it has also become evident that the campaign
costs of the new 2024|25 sugar marketing year will be higher than
expected. In the meantime, the evaluation of September’s flooding damages
(primarily in Austria) has also been largely completed. The negative
impact on earnings in the current financial year has been higher than
originally forecast, mainly due to the production stoppage at the plant in
Pischelsdorf, Austria, in the Starch segment.
These developments are primarily responsible for the forecast now that the
2024|25 financial year will be characterised by a very significant decline
in EBIT* of more than 50% at the Group level. The operating profit before
exceptional items and results of equity-accounted joint ventures is
expected to be in the range of € 55 million to € 75 million.
The publication of the results for the first three quarters of 2024|25,
including details of the outlook for all segments in the remainder of the
2024|25 financial year, will be on 14 January 2025 as scheduled.
This announcement is available in German and English at (1)www.agrana.com.
*EBIT: operating profit after exceptional items and results of
equity-accounted joint ventures
End of Inside Information
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11-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: 2027017
End of Announcement EQS News Service
2027017 11-Nov-2024 CET/CEST
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