EANS-News: EBIT in Q1 2020|21 up slightly on prior year
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Unchanged outlook BEFORE COVID-19 for the full 2020|21 financial year
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Vienna - According to preliminary figures, AGRANA-Beteiligungs-AG achieved an
operating result (EBIT) of EUR 32.0 million for the first quarter of 2020|21 (1
March to 31 May 2020), slightly above the figure for Q1 2019|20 (EUR 30.9
million). Preliminary consolidated revenues amounted to EUR 652.6 million in the
first three months (Q1 2019|20: EUR 638.4 million).
The 3.6 percent rise in the operating result is attributable to a much improved
development of earnings in the Sugar segment during the period under review. The
result in the Starch segment was lower due to ethanol prices and in the Fruit
segment as a consequence of the weaker development of earnings for fruit juice
concentrates.
On the basis of the forecasts prepared before the incidence of COVID-19, the
AGRANA Group anticipated a significant increase in consolidated EBIT for the
full year 2020|21. This guidance remains subject to the currently unquantifiable
commercial and financial impacts, as well as the duration, of the COVID-19
pandemic.
Further details relating to the development of business in the first quarter of
2020|21 and the various segments will be published by the Group as scheduled on
9 July 2020.
About AGRANA
AGRANA converts agricultural raw materials into high-quality foods and numerous
industrial intermediate products. About 9,400 employees at 57 production
facilities worldwide generate annual Group revenue of around EUR 2.5 billion.
Established in 1988, the company is the world market leader in fruit
preparations and the foremost producer of fruit juice concentrates in Europe. As
well, its Starch segment is a major manufacturer of custom starch products and
of bioethanol. AGRANA today is also the leading sugar producer in Central and
Eastern Europe.
This press release is available in German and English at www.agrana.com [http://
www.agrana.com/].
Further inquiry note:
AGRANA Beteiligungs-AG
Mag.(FH) Hannes Haider
Investor Relations
Tel.: +43-1-211 37-12905
e-mail:hannes.haider@agrana.com
Mag.(FH) Markus Simak
Public Relations
Tel.: +43-1-211 37-12084
e-mail: markus.simak@agrana.com
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