EANS-Adhoc: AGRANA Beteiligungs-AG After a very strong first quarter, AGRANA
forecasts a significant improvement in earnings for the 2017|18 financial year
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Disclosed inside information pursuant to article 17 Market Abuse Regulation
(MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution.
The issuer is responsible for the content of this announcement.
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Earnings/Earnings Forescast
20.06.2017
Vienna - In the first quarter of 2017|18 (1 March to 31 May 2017), AGRANA
improved its earnings before interest and tax (EBIT) from EUR 47.0 million in Q1
2016|17 to EUR 69.8 million. Revenues during the three months also rose
slightly, from EUR 665.5 million to EUR 684.2 million.
Both the extremely favourable development of ethanol prices in the Starch
segment, in particular, as well as better operating results in the Sugar segment
contributed to the rise in Group EBIT. Earnings in the Fruit segment were also
up on the prior year.
Despite the challenging market environment anticipated in the Sugar segment in
the second half, AGRANA has raised its guidance for EBIT in the financial year
2017|18 from a 'moderate' (+5 % to +10 %) to a 'significant' (> +10 %) increase
due to the improved outlook in the Starch segment.
The publication of the report for the first quarter 2017|18, including details
of the segment reporting and the outlook for 2017|18, will take place as
scheduled on 13 July 2017.
This press release is available in German and English at www.agrana.com [http://
www.agrana.com/].
Further inquiry note:
AGRANA Beteiligungs-AG
Mr. Hannes Haider
Investor Relations
Tel.: +43-1-211 37-12905
e-mail:hannes.haider@agrana.com
Mr. 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
ISIN: AT0000603709
indexes: WBI
stockmarkets: Berlin, Frankfurt, Stuttgart, Wien
language: English