EANS-Adhoc: AGRANA Beteiligungs-AG AGRANA with solid performance in Q1 2014|15
but weaker full-year guidance
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ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide
distribution. The issuer is solely responsible for the content of this
announcement.
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Earnings Forecast/3-month report
27.06.2014
In the first quarter 2014|15 (1 March to 31 May 2014), AGRANA generated earnings
before interest and tax (EBIT) of EUR 52.9 million (Q1 2013|14(1): EUR 59.6
million). The declining prices in the Sugar and Fruit segments as well as for
bioethanol led also to a drop in revenue to EUR 647.2 million (Q1 2013|14(1):
EUR 800.0 million).
Due to the assumption that the pressure on sugar and bioethanol prices will
endure, AGRANA now assumes that there will be a significant slowing in terms of
EBIT for the full year 2014|15 (FY 2013|14(1): EUR 167.0 million). With regard
to consolidated revenue (FY 2013|14(1): EUR 2,841.7 million), a decline is
expected on the grounds of lower average prices and slight increases in volumes
sold.
Further details relating to the development of business and the various segments
will be published by the Group as scheduled on 10 July 2014.
This announcement is available in German and English at www.agrana.com.
(1) The prior-year data have been restated under IAS 8 in conjunction with IFRS
11 (Joint Arrangements).
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
end of announcement euro adhoc
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issuer: AGRANA Beteiligungs-AG
F.-W.-Raiffeisen-Platz 1
A-1020 Wien
phone: +43-1-21137-0
FAX: +43-1-21137-12045
mail: info.ab@agrana.com
WWW: www.agrana.com
sector: Food
ISIN: AT0000603709
indexes: WBI, ATX Prime
stockmarkets: Präsenzhandel: Berlin, Stuttgart, Frankfurt, official market: Wien
language: English