EQS-Adhoc: 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
AGRANA Beteiligungs-Aktiengesellschaft: EBIT of € 39.1 million in third
quarter 2022|23 significantly higher than expected

14-Dec-2022 / 12:11 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.

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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).

All figures in €m Q3 2022|23 Q3 2021|22 Q1-Q3 Q1-Q3
2022|23 2021|22
Revenue 950.2 745.2 2,742.5 2,169.6
Operating profit before 
exceptional items and results of
equity-accounted joint ventures 35.1 27.7 121.6 68.7
Share of results of
equity-accounted joint ventures 4.1 3.5 17.6 9.6
Exceptional items (0.1) 0.0 (89.0)^1 (2.3)
Operating profit (EBIT) 39.1 31.2 50.2 76.0

^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 [1] www.agrana.com.

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14-Dec-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com

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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

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