Put companies on watchlist
AGRANA Beteiligungs-Aktiengesellschaft
ISIN: AT000AGRANA3
WKN: A2NB37
About
Company Snapshot
New: Enable Investor Alerts
Be informed about new publications
New: AI Factsheet

Corporate News meets AI! 
Content analysis and summary

EN GIF 300X250

AGRANA Beteiligungs-Aktiengesellschaft · ISIN: AT000AGRANA3 · EQS - adhoc news (67 News)
Country: Austria · Primary market: Austria · EQS NID: 2028161
12 November 2024 12:27PM

AGRANA aims to save between € 80 million and € 100 million in annual costs with the Group strategy adopted today


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.


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 www.agrana.com.



End of Inside Information

12-Nov-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com


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

fncls.ssp?fn=show_t_gif&application_id=2028161&application_name=news&site_id=boersengefluester~~~ace3d64b-2049-452a-8d18-fbc8044c4b5f
Visual performance / price development - AGRANA Beteiligungs-Aktiengesellschaft
Smart analysis and research tools can be found here.

This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2024
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

SMART * AD
EN GIF 970X250

P R O D U C T   S U G G E S T I O N S

The information presented here has been provided by our content partner EQS-Group. The originator of the news is the respective issuer, the company relating to the news, a publication service provider (press or information agency) which uses the distribution service of EQS to transmit company news to shareholders, investors, investors or interested parties. The original publications and other company-relevant information can be found at eqs-news.com.


The information you can access does not constitute investment advice. The presentation of our cooperation partners, where the implementation of investment decisions would be possible depending on the individual risk profile, is solely at the discretion of the person using the service. We only present companies of which we are convinced that the range of services and customer service will satisfy discerning investors.

If you are considering leverage products, familiarise yourself with the typical characteristics of the financial instruments beforehand. Take the time to determine the risk content of the planned investment before making an investment decision. Bear in mind that a total loss cannot be ruled out with leverage products.

For newcomers to the subject, we offer various options in both the training and the tools section, through which you can train theoretical knowledge and practical experience and thus improve your skills. The offer ranges from participation in webinars to personal mentoring. The range is continuously being expanded.


1 Lab features are usually functionalities that emerge from the think tank of the investor community. In the early stages, these are experimental functionalities whose development process is largely determined by use and the resulting feedback from the community. When integrating external services or functionalities, the functionality can only be guaranteed to the extent that the individual process elements, such as interfaces, interact with each other.