EANS-Adhoc: AGRANA Beteiligungs-AG
AGRANA increases annual guidance following
strong Q1 2011|12
22.06.2011 – 08:48
-------------------------------------------------------------------------------- ad-hoc disclosure transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 3-month report 22.06.2011 22 June 2011 In the first quarter of its 2011|12 financial year, AGRANA boosted it pre- exceptionals operating profit from around EUR 34m to approximately EUR 62m. All three segments, Sugar, Starch and Fruit, contributed to this exceptionally positive earnings development. On the one hand, the optimisation programme initiated in the prior years had a positive impact on the pre-exceptionals operating profit while, on the other, the Group also benefited from the favourable market conditions in both the sugar and starch segments in the first three months of the business year. Group revenue also improved during the first quarter 2011|12, rising from around EUR 541m to EUR 613m. Due to this very positive development in the first three months, AGRANA now expects a significant improvement in results across all segments in the full 2011|12 financial year. As scheduled, the Group will be publishing further details of the development of business and additional information on the various segments on 14 July 2011. This press release is available online in German and English at www.agrana.com. Further inquiry note: AGRANA Beteiligungs-AG Mag.(FH) Hannes Haider Investor Relations Tel.: +43-1-211 37-12905 e-mail: hannes.haider@agrana.com Mag.(FH) Christine Göller Public Relations Tel.: +43-1-211 37-12084 e-mail:christine.goeller@agrana.com end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: AGRANA Beteiligungs-AG Donau-City-Straße 9 A-1220 Wien phone: +43-1-21137-0 FAX: +43-1-21137-12045 mail: info.ab@agrana.com WWW: www.agrana.com sector: Food ISIN: AT0000603709 indexes: WBI, ATX Prime stockmarkets: Präsenzhandel: Berlin, Frankfurt, Stuttgart, official market: Wien language: English
Original content of: AGRANA Beteiligungs-AG, transmitted by news aktuell