AGRANA holds Capital Markets Day on its new “NEXT LEVEL” strategy
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EQS-News: AGRANA Beteiligungs-Aktiengesellschaft
/ Key word(s): Miscellaneous
AGRANA holds Capital Markets Day on its new “NEXT LEVEL” strategy
Stephan Büttner, CEO of AGRANA-Beteiligungs-AG, and Norbert Harringer, Group CTO, are presenting the new AGRANA Group strategy, named “NEXT LEVEL”, to analysts, institutional investors and bankers at the company’s Capital Markets Day on the evening of 16 January 2025 in Vienna and the morning of 17 January 2025 in Kröllendorf, Lower Austria. At its meeting on 12 November 2024, the Supervisory Board unanimously approved the new Group strategy presented by the Management Board. In addition to the implementation of NEXT LEVEL, accompanying measures for the Group’s structural transformation also received approval. The restructuring in the Group is expected to yield annual cost savings of € 80 million to € 100 million through process optimisation and the reduction of fixed costs; these savings are to be fully effective from the 2027|28 financial year. In view of the unfavourable short- to medium-term business outlook (see press release of 14 January 2025 on AGRANA’s results for the first three quarters of 2024|25), the NEXT LEVEL strategy takes on even greater significance in the drive to put AGRANA’s earnings back on track and guide the company into more prosperous times. In the form of an initial progress report, the management will present and discuss the following key aspects of NEXT LEVEL at the Capital Markets Day:
In addition to the structural transformation at the holding company and divisional level, sustainability remains a central plank of the AGRANA NEXT LEVEL strategy. AGRANA is on track to achieve net-zero emissions by 2040 for Scope 1 and 2, and by 2050 at the latest for Scope 3. This commitment is not only part of the Group’s social responsibility, but also a strategic necessity in order to remain competitive in the long term. Analysts, institutional investors and bankers will have the opportunity to discuss the new strategy with the management both at the evening presentation on 16 January 2025 in Vienna, and during a visit to the product development centre for aromas and beverage bases in Kröllendorf, Lower Austria, the following day.
The Capital Markets Day presentations are available on the AGRANA website at LINK for download.
This announcement is available in German and English at www.agrana.com.
About AGRANA AGRANA converts agricultural raw materials into high-quality foods and numerous industrial intermediate products. About 9,000 employees at 53 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 and vendor 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 Eastern Europe.
16.01.2025 CET/CEST This Corporate News was distributed by EQS Group. 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: | 2068657 |
| End of News | EQS News Service |
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2068657 16.01.2025 CET/CEST
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