euro adhoc: AGRANA Beteiligungs-AG
Financial Figures/Balance Sheet /
Provisional Results for the 2005|06 Financial Year
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
03.05.2006
According to provisional figures, the AGRANA Groups revenues grew by 52.9 per cent to EUR 1,499.6 million in the 2005|06 financial year. Profit from operating activities grew by 9.6 per cent to EUR 99.5 million. The closure of two out of AGRANAs 11 sugar factories caused one-off restructuring expenses of EUR 24.5 million to be recognized in the annual financial statements, reducing profit from ordinary activities to EUR 75.0 million (2004|05: EUR 90.8 million). Consolidated earnings for the year came to EUR 64.7 million, as against EUR 84.3 million the year before. AGRANAs provisional figures as of and for the financial year ended 28 February 2006 were as follows:
EURmn 2005|06 2004|05 Revenues 1,499.6 981.0 Profit from operating activities 99.5 90.8 Restructuring expenses (24.5) Profit from ordinary activities 75.0 90.8 Profit before tax 71.7 93.2 Consolidated earnings for the year 64.7 84.3 - Of which attributable to shareholders of AGRANA Beteiligungs-AG 62.7 79.9 - Of which minorities 2.0 4.4
The sharp rise in revenues was primarily due to the consolidation of the Wink Group as of 1 January 2005 and of the Atys Groupthe worlds leader in fruit preparations for the dairy industryfrom the second quarter of 2005|06. Growth was reinforced by high anticipatory sugar exports and an increase in world sugar prices. As expected, profit from operating activities was up on the year at EUR 99.5 million despite higher energy costs and narrower margins in the sugar industry. However, restructuring dented profit from ordinary activities to the tune of EUR 24.5 million, less than half of which will affect cash flow in the next few months. Another low tax rate of 9.8 per cent (2004|05: 9.5 per cent) left consolidated earnings for the year at EUR 64.7 million (2004|05: EUR 84.3 million).
This press release is also available in the Internet at www.agrana.com.
end of announcement euro adhoc 03.05.2006 07:25:00
Further inquiry note:
AGRANA Beteiligungs-AG
Doris Schober
Investor Relations/Corporate Communications
Phone: +43-1-211 37-2084
e-mail: investor.relations@agrana.at
Branche: Food
ISIN: AT0000603709
WKN: 779535
Index: ATX Prime, WBI
Börsen: Wiener Börse AG / official market
Original content of: AGRANA Beteiligungs-AG, transmitted by news aktuell