EANS-Adhoc: AGRANA Beteiligungs-AG / EBIT in second quarter of 2019|20 still significantly below year-earlier result EAE

Monday, 16. September 2019 12:55
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Fruit outlook lower, Sugar and Starch expected to be better
Significant Group EBIT increase for full year 2019|20 is reaffirmed

Mid Year Results
16.09.2019

Vienna - AGRANA's operating profit (EBIT) in the second quarter of 2019|20 (the
period from 1 June to 31 August 2019) was EUR 20.8 million, significantly less
than in the second quarter of 2018|19 (EUR 26.0 million). Group revenue in the
latest three-month period was EUR 611.6 million (Q2 prior year: EUR 630.7
million).

In the first half of 2019|20 (the six months ended 31 August 2019), the Group
generated EBIT of EUR 51.7 million (H1 prior year: EUR 63.0 million). As
expected, the reduction of 17.9% was due largely to a significantly weaker
result in the Sugar segment during the reporting period. EBIT in the Fruit
segment also went down significantly, owing to a market trend below
expectations. By contrast, the Starch segment was able to boost its EBIT
substantially thanks to higher bioethanol revenue. Group revenue in the first
half of the financial year was EUR 1,250.0 million (H1 prior year: EUR 1,261.0
million).

In the Fruit segment, due to the first-half earnings trend in the fruit
preparations business, and in expectation of a weaker apple harvest for the
fruit juice concentrate activities, a significant EBIT decrease is now expected
for the full financial year as well.

However, thanks to significant earnings improvements in the Starch and Sugar
segments, AGRANA reaffirms the forecast of significant growth in Group EBIT for
the current 2019|20 financial year.

Further details on the business performance in the first half of 2019|20 and
more in-depth information for the individual segments will be published by the
Group as planned on 10 October 2019.

This announcement is available in German and English at www.agrana.com [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
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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: Wien, Frankfurt, Berlin, Stuttgart
language:     English

EAX0008    2019-09-16/12:55

Related Links: AGRANA Beteiligungs AG
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