EANS-Adhoc: AGRANA Beteiligungs-AG
EBIT of € 31.2 million in third quarter 2021|22 higher than expected
-------------------------------------------------------------------------------- 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. -------------------------------------------------------------------------------- Group EBIT target for full year unchanged Financial Figures/Balance Sheet/Quarterly Report 15.12.2021 Vienna - At EUR 31.2 million (Q3 2020|21: EUR 28.5 million), the consolidated EBIT of AGRANA Beteiligungs-AG in the third quarter of 2021|22 (1 September to 30 November 2021) was higher than expected. The key driver was considerably higher revenues in the Starch segment due to an all-time high of ethanol prices. As a result, in the first three quarters of 2021|22 (1 March to 30 November 2021), AGRANA generated earnings before interest and tax (EBIT) of EUR 76.0 million (Q1-3 2020|21: EUR 84.3 million). Group revenue amounted to EUR 2,169.6 million (Q1-3 2020|21: EUR 1,965.3 million). The guidance for the full financial year 2021|22, according to which Group EBIT will increase significantly, remains unchanged; the forecast is for earnings before interest and tax to rise by at least 10 %. Due to the extreme volatility in terms of commodity and energy prices as well as the COVID-19 situation again intensifying - the fourth wave in combination with the appearance of the Omikron variant - the forecast for the full year is characterised by a very high degree of uncertainty. Further details relating to the development of business in the first three quarters of 2021|22 and more information about the various segments will be published by the Group as scheduled on 13 January 2022. This announcement is available in German and English at www.agrana.com/en [https://www.agrana.com/en]. 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 --------------------------------------------------------------------------------
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: AT000AGRANA3
indexes: WBI
stockmarkets: Frankfurt, Berlin, Stuttgart, Wien
language: English
Original content of: AGRANA Beteiligungs-AG, transmitted by news aktuell