EANS-Adhoc: AGRANA Beteiligungs-AG Dividend proposal of ? 0.77 per share for the 2019|20 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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AGRANA achieves far stronger consolidated EBIT in 2019|20; outlook for 2020|21
prior to COVID-19
Dividend Announcements/Distribution/Earnings Forecast
22.04.2020
Vienna - The Management Board of AGRANA Beteiligungs-AG has today decided to
propose a dividend payout in the amount of EUR 0.77 per share for the 2019|20
financial year (dividend for 2018|19: EUR 1.00 per share) to the 33rd Annual
General Meeting to be held on 3 July 2020.
AGRANA remains essentially committed to a predictable, reliable and transparent
dividend policy that is geared to continuity. The dividend is guided by earnings
as well as cash flow and the debt position of the Group in the past financial
year, but also takes into account current events and forecasts of future
business development.
According to preliminary figures, AGRANA achieved an operating result (EBIT) as
forecast of EUR 87.1 million in its 2019|20 financial year (1 March 2019 to 29
February 2020), significantly higher than that of the prior year (2018|19: EUR
66.6 million). Group revenue amounted to EUR 2,480.7 million (2018|19: EUR
2,443.0 million).
As at 22 April 2020, the guidance for the 2020|21 financial year is subject to
the currently unforeseeable business and financial impacts, as well as the
duration, of the COVID-19 pandemic. In view of the dynamic nature of the
pandemic, assumptions about its economic and financial impacts would be largely
speculative. On the basis of the forecasts prepared before the incidence of
COVID-19, the AGRANA Group anticipated a significant increase (of between ten
and 50 percent) in consolidated EBIT. Although negative impacts of COVID-19 are
expected on revenue and EBIT in all segments, it is not yet possible to
sufficiently quantify these.
The publication of the Annual Report 2019|20, in addition to all of the details
relating to the annual results for 2019|20 and the outlook for 2020|21, will
take place as scheduled on 7 May 2020.
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
Phone: +43-1-211 37-12905
E-mail: hannes.haider@agrana.com
Mr. Markus Simak
Public Relations
Phone: +43-1-211 37-12084
E-mail: markus.simak@agrana.com
end of announcement euro adhoc
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