EQS-News: AGRANA: Challenging market environment weighs on results in financial first quarter
Source: EQS
AGRANA: Challenging market environment weighs on results in financial first quarter
In the first quarter of the 2024|25 financial year (the three months ended
The Fruit segment’s revenue in the first quarter was € 415.6 million, up 3.6% from the same period one year earlier. The increase occurred both in the fruit preparations and fruit juice concentrate businesses and resulted from volume growth. EBIT of the segment as a whole grew to € 27.0 million in the first three months of the financial year (Q1 prior year: € 24.4 million). In the fruit preparations activities, EBIT was significantly above the year-ago level. The improvement was attributable partly to a positive business performance in the
STARCH segment Revenue in the Starch segment in the first quarter was € 265.5 million, a reduction of 16.3% from the year-earlier comparative period (Q1 prior year: € 317.1 million), when the war in At € 9.4 million, EBIT in the Starch segment was down very significantly year-on-year. A key reason for this was the margin decline in starch and saccharification products driven by significantly lower sales prices for core and by-products.
Sugar segment revenue was € 263.2 million, up 6.2% from the first quarter of the previous year. The negative effect of lower sugar sales prices was more than made up for by higher sales volumes. The trajectory of the sugar market was most recently driven by the sugar imports from The Sugar EBIT result in the financial first quarter was a deficit of € 4.1 million, a pronounced deterioration from the year-earlier period. This reflected especially the significant fall in sugar selling prices, which was steepest in the regions heavily affected by the imports of Ukrainian sugar.
Total investment across the three business segments in the 2024|25 financial year, at approximately € 120 million, is to be moderately below the 2023|24 value and in line with budgeted depreciation. About 12% of this capital expenditure will be for emission reduction measures in the Group’s own production operations under the AGRANA climate strategy.
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 € 3.8 billion. Established in 1988, the company is the global market leader in fruit preparations and the world’s leading producer of apple and berry juice concentrates. 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
This announcement is available in German and English at www.agrana.com.
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Language: | English |
Company: | |
F.-W.-Raiffeisen-Platz 1 | |
A-1020 |
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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 |
EQS News ID: | 1943739 |
End of News |
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1943739 11.07.2024 CET/CEST