AGRANA Reports Strong Financial Performance for FY 2023/24

AGRANA Beteiligungs-Aktiengesellschaft announced robust financial outcomes for the fiscal year 2023/24, as detailed in a recent corporate announcement. The company recorded a revenue of €3,786.9 million, marking a 4.1% increase from the previous year. The operating profit (EBIT) surged by 71.1% to €151.0 million.

The performance highlights included a substantial rise in earnings per share, which escalated by 316.0% to €1.04. Despite challenging market conditions, including volatile raw material and energy prices, AGRANA adapted effectively, improving their market stance particularly in the Fruit and Sugar segments, although the Starch segment faced reductions due to economic pressures.

AGRANA's total investment reached €127.3 million, with the number of employees slightly increasing by 1.67%. The equity ratio improved to 43.2%, reflecting a strong balance sheet. Looking forward, AGRANA anticipates a challenging environment with a projected decrease in EBIT for the fiscal year 2024/25.