from AGRANA Beteiligungs-Aktiengesellschaft (isin : AT000AGRANA3)
EQS-Adhoc: AGRANA Beteiligungs-Aktiengesellschaft: Operating profit in 2022|23 financial year significantly higher than expected
EQS-Ad-hoc: AGRANA Beteiligungs-Aktiengesellschaft / Key word(s): Annual Results
AGRANA Beteiligungs-Aktiengesellschaft: Operating profit in 2022|23 financial year significantly higher than expected
27-March-2023 / 14:21 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Operating profit in 2022|23 financial year significantly higher than expected
Provisional, unaudited operating profit of € 158 million
The preparation of the consolidated financial statements of the AGRANA Group for the period to 28 February 2023 reveals a provisional, unaudited operating profit of € 158 million, which is therefore significantly higher than the Company’s own guidance (“up to +50% compared to prior year”).
The provisional consolidated earnings before interest and tax (EBIT)* for the 2022|23 financial year (1 March 2022 to 28 February 2023) amount to € 88 million (2021|22: € 24.7 million). EBIT takes into account impairment charges taken against assets and goodwill in the amount of € 91 million which were recognised in the half-year financial statements (prior year: net exceptional items expense of € 70 million). Group revenue will amount to € 3.6 billion (2021|22: € 2.9 billion).
AGRANA’s Management Board currently forecasts a very significant improvement in EBIT during the ongoing 2023|24 financial year (more than +50 %). The assumption is that consolidated revenue will increase significantly (by more than +10 % and up to +50 %). Key uncertainties however remain the war in Ukraine and its consequences.
The 2022|23 annual results and the 2022|23 annual report will be published as scheduled on 17 May 2023.
This announcement is available in German and English at www.agrana.com.
*After exceptional items and share of results of equity-accounted joint ventures
27-March-2023 CET/CEST News transmitted by EQS Group AG. www.eqs.com
| Language: | English |
| Company: | AGRANA Beteiligungs-Aktiengesellschaft |
| F.-W.-Raiffeisen-Platz 1 | |
| A-1020 Wien | |
| Austria | |
| Phone: | +43-1-21137-0 |
| Fax: | +43-1-21137-12926 |
| E-mail: | investor.relations@agrana.com |
| Internet: | www.agrana.com |
| ISIN: | AT000AGRANA3 |
| WKN: | A2NB37 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange (Official Market) |
| EQS News ID: | 1593279 |
| End of Announcement | EQS News Service |
1593279 27-March-2023 CET/CEST