AGRANA Beteiligungs-Aktiengesellschaft: EBIT of € 39.1 million in third quarter 2022|23 significantly higher than expected
|
EQS-Ad-hoc: AGRANA Beteiligungs-Aktiengesellschaft / Key word(s): Quarter Results/Profit Warning AD-HOC ANNOUNCEMENT Publication of insider information pursuant to Article 17 MAR
Vienna, 14 December 2022
EBIT of € 39.1 million in third quarter 2022|23 significantly higher than expected Positive consolidated EBIT guidance for the full 2022|23 financial year confirmed
The consolidated EBIT (operating profit before exceptional items and results of equity-accounted joint ventures) of AGRANA-Beteiligungs-AG in the third quarter 2022|23 (1 September to 30 November 2022) was, at € 39.1 million, higher than anticipated (Q3 2021|22: € 31.2 million). The key driver of the marked improvement in earnings in the last three months was especially the stronger performance in the business fields Sugar and Fruit juice concentrates. In the first three quarters of 2022|23 (1 March to 30 November 2022), the Group generated an operating profit before exceptional items and results of equity-accounted joint ventures of € 121.6 million (Q1-Q3 2021|22: € 68.7 million) and EBIT of € 50.2 million (Q1-Q3 2021|22: € 76.0 million). Group revenue amounted to € 2,742.5 million (Q1-Q3 2021|22: € 2,169.6 million).
1 Including asset and goodwill impairment in the Fruit segment in Q2 2022|23
The guidance of a very significant increase (by more than +50 %) in consolidated EBIT in the full financial year 2022|23 remains valid despite the impairment charge recognised in the Fruit cash-generating unit in the second quarter (EBIT 2021|22: € 24.7 million). A significant increase (ranging from +10 % to +50 %) in the operating profit before exceptional items and results of equity-accounted joint ventures is forecast (2021|22: € 86.5 million). The above guidance is based on assumptions that the war in Ukraine remains regional, physical supplies of energy and other commodities are sustained and that the sharp rises in prices, particularly in the commodities and energy sectors, can be passed on in revised customer contracts. Further details relating to the development of business in the first three quarters of 2022|23 and more information about the three segments will be published by the Group as scheduled on 12 January 2023. This announcement is available in German and English at www.agrana.com.
14-Dec-2022 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: | 1512943 |
| End of Announcement | EQS News Service |
|
|
1512943 14-Dec-2022 CET/CEST
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.