EANS-Adhoc: AGRANA Beteiligungs-AG AGRANA expects EBIT to decline in the
2015|16 financial year
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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/Preliminary results
10.04.2015
Vienna, 10 April 2015
AGRANA expects a decline in operating profit after exceptional items (EBIT) in
the 2015|16 financial year (1 March 2015 to 29 February 2016).
According to provisional figures, the sugar, starch and fruit company achieved
revenue of EUR 2,493.5 million (prior year*: EUR 2,841.7 million) in the 2014|15
financial year (1 March 2014 to 28 February 2015). The decline of approx. 12 %
was primarily attributable to lower prices for sugar, ethanol and fruit juice
concentrate.
At EUR 121.7 million, operating profit after exceptional items (EBIT) was
approx. 27 % below the prior-year level* (EUR 166.9 million). The significant
decline in revenue in the Sugar segment as a result of the generally difficult
market environment was in contrast to the marginal year-on-year improvement in
the EBIT of the Starch segment. In the Fruit segment, exceptional items relating
to the restructuring of the fruit preparation business in Europe impacted on
EBIT, while operating profit was on a par with the prior year's level.
EBIT is again expected to decline substantially at the Group level in the
2015|16 financial year. Given the persistently difficult market environment, the
Sugar segment is expected to record a negative operating profit after
exceptional items in the upcoming financial year. By the same token, the
unsatisfactory level of ethanol prices will weigh down operating profit in the
Starch segment. In contrast, the Fruit segment will see a clear increase in
EBIT.
AGRANA's consolidated financial statements for 2014|15, including further
details about the segments and the outlook for 2015|16, will be published as
planned on 13 May 2015.
This announcement is available online in German and English at www.agrana.com.
* Prior-year values were restated according to IAS 8 in connection with IFRS 11
and IAS 19.
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: +43-1-21137-12926
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