Ich stimme der Verwendung von Cookies zu. Auch wenn ich diese Website weiter nutze, gilt dies als Zustimmung.

Bitte lesen und akzeptieren Sie die Datenschutzinformation und Cookie-Informationen, damit Sie unser Angebot weiter nutzen können. Natürlich können Sie diese Einwilligung jederzeit widerrufen.







APA-OTS-Meldungen aus dem Finanzsektor in der "BSN Extended Version"
Wichtige Originaltextaussendungen aus der Branche. Wir ergänzen vollautomatisch Bilder aus dem Fundus von photaq.com und Aktieninformationen aus dem Börse Social Network. Wer eine Korrektur zu den Beiträgen wünscht: mailto:office@boerse-social.com . Wir wiederum übernehmen keinerlei Haftung für Augenerkrankungen aufgrund von geballtem Grossbuchstabeneinsatz der Aussender. Wir meinen: Firmennamen, die länger als drei Buchstaben sind, schreibt man nicht durchgängig in Grossbuchstaben (Versalien).
Magazine aktuell


#gabb aktuell



13.05.2019, 16408 Zeichen

Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
Financial Figures/Balance Sheet
Vienna - -Revenue: EUR 2,443.0 million (-4.8%; prior year: EUR 2,566.3 million)
-Operating profit (EBIT): EUR 66.6 million (-65.1%; prior year: EUR 190.6 million)
-Earnings per share: EUR 0.41* (-81.7%; prior year: EUR 2.24*)
-Equity ratio: 59.0% (prior year: 61.7%)
-Dividend proposal for 2018|19 of EUR 1,00* per share (prior-year dividend: EUR 1.125* per share)
-Outlook for 2019|20: expecting significant EBIT growth and a moderate rise in revenue
In the 2018|19 financial year, AGRANA Beteiligungs-AG achieved consolidated revenue of EUR 2,443.0 million, a slight decrease from the prior year. Operating profit (EBIT), at EUR 66.6 million, decreased by 65.1% from one year earlier. The significant earnings decline was especially due to persistent extremely low sugar prices, but also to low isoglucose and ethanol prices in the Starch segment. In the Fruit segment, AGRANA recorded stable revenue and an increase in EBIT, with the fruit juice concentrate business generating the earnings growth thanks to an improved situation in margins and sales volume.
AGRANA Chief Executive Officer Johann Marihart says: "The past financial year, which was negatively impacted above all by losses in the Sugar segment and by volatile but low overall ethanol prices, certainly does not give us cause for satisfaction. However, for the new financial year now under way, we expect renewed significantly better overall earnings, driven particularly by EBIT growth in the Fruit segment. Amid the difficult situation in the sugar market, our strategy of diversification once again proves its worth, enabling us to balance out the effects of fluctuating business conditions across the different operating segments. Our optimism is also reflected in our investments in growth projects in the Fruit segment and specialisation projects in the Starch segment. The biggest project of the new financial year is the expansion of the wheat starch plant in Pischelsdorf, Austria; the enlarged facility is scheduled for commissioning at the end of 2019."
AGRANA Group results EUR million, except %
FY 2018|19 FY 2017|18 Revenue 2,443.0 2,566.3 EBITDA** 147.7 254.2 Operating profit (EBIT) 66.6 190.6 EBIT margin 2.7% 7.4% Profit for the period 30.4 142.6 Earnings per share 0.41 2.24*** Investment**** 183.8 140.9 Number of employees***** 9,230 8,678

Net financial items in 2018|19 amounted to a net expense of EUR 15.4 million (prior year: net expense of EUR 14.5 million). The prior year's optimisation of the credit and interest rate structure led to a further improvement of EUR 2.3 million in net interest expense. Profit before tax decreased from the prior year's EUR 176.2 million to EUR 51.2 million. After an income tax expense of EUR 20.9 million based on a tax rate of 40.7% (prior year: 19.0%), the Group's profit for the period was EUR 30.4 million (prior year: EUR 142.6 million).
With total assets of EUR 2,389.4 million, which were EUR 33.0 million higher than one year earlier, the equity ratio of 59.0% was 2.7 percentage points below the prior-year level. Net debt as of 28 February 2019 amounted to EUR 322.2 million, up EUR 89.7 million from the 2017|18 year-end level. The gearing ratio was thus 22.9% at the balance sheet date (28 February 2018: 16.0%). Consistent with AGRANA's transparent dividend policy, under which distributions are based on the Group's profit and cash flow as well as its debt situation and the need to maintain a sound balance sheet structure, the Management Board will propose to shareholders at the Annual General Meeting to pay a dividend of EUR 1.00* per share for the 2018|19 financial year (prior-year dividend: EUR 1.125* per share).
FRUIT segment
FY 2018|19 FY 2017|18 Revenue 1,179.1 1,161.4 Operating profit (EBIT) 77.3 75.6 EBIT margin 6.6% 6.5%

Fruit segment revenue rose by 1.5% to EUR 1,179.1 million. EBIT, at EUR 77.3 million, was up 2.1% from one year earlier. While revenue in the fruit preparations business, despite higher sales volumes, showed a decrease as a result of negative currency translation effects, revenue of the fruit juice concentrate activities rose thanks to the high apple juice concentrate prices for product from the 2017 crop and good sales volumes from the 2018 campaign. The EBIT increase in the Fruit segment was thus driven by the improved margin and sales volume situation in the fruit juice concentrate business and the high capacity utilisation of the concentrate plants in the 2018 processing season.
STARCH segment
FY 2018|19 FY 2017|18 Revenue 762.7 752.3 Operating profit (EBIT) 51.2 80.2 EBIT margin 6.7% 10.7%

Revenue in the Starch segment was EUR 762.7 million, up slightly by 1.4% from the year before. Growth in native and modified starches and in specialties made up for volume- and price-induced revenue reductions in saccharification products and price-driven decreases in bioethanol revenue. The poorer performance in the ethanol and saccharification products business led to an EBIT decline of 36.2% to EUR 51.2 million.
SUGAR segment
FY 2018|19 FY 2017|18 Revenue 501.2 652.6 Operating profit (EBIT) (61.9) 34.8 EBIT margin (12.3%) 5.3%

The Sugar segment had revenue of EUR 501.2 million, a reduction of 23.2% from the prior year due to the very low sugar selling prices. In terms of volume, sales with resellers and industrial customers grew in the domestic markets. Meanwhile, export volumes and sales to the non-food industry decreased. EBIT fell markedly to a deficit of EUR 61.9 million. This negative performance resulted from the year-on-year decline in sales prices as well as from adverse effects of the drought-related poorer harvest in Austria.
Outlook
Thanks to its sound balance sheet and the diversified business model built on the Fruit, Starch and Sugar segments, AGRANA considers itself well positioned for the future. "From today's perspective, we expect a significant increase in operating profit (EBIT) in the Sugar segment for the 2019|20 financial year despite the continuing major challenges. For Group revenue we are projecting a moderate increase," comments CEO Marihart. In 2019|20 the total investment in the three business segments - about EUR 143 million - will significantly exceed the budgeted depreciation of approximately EUR 108 million.
About AGRANA
AGRANA converts agricultural raw materials into high-quality foods and numerous industrial intermediate products. About 9,200 employees at 58 production sites worldwide generate annual Group revenue of approximately EUR 2.4 billion. Established in 1988, the company is the world market leader in fruit preparations and the leading producer of fruit juice concentrates in Europe. As well, its Starch segment is a major manufacturer of custom starch products and bioethanol. AGRANA today is also the leading sugar producer in Central and Eastern Europe.
This announcement is available in German and English at www.agrana.com [https:// www.agrana.com/en/].
footnote:
* Refecting the four-for-one stock split performed in July 2018, i.e., based on the new number of shares outstanding at 28 February 2019 of 62,488,976.
** EBITDA represents operating profit before exceptional items, results of equity-accounted joint ventures, and operating depreciation and amortisation.
*** Based on the number of shares outstanding at 28 February 2019 of 62,488,976.
**** Investment represents purchases of property, plant and equipment and intangibles; Excluding goodwill
***** Average number of full-time equivalents in the financial year.
original announcement: EANS-News: AGRANA: significant EBIT decrease in 2018|19 financial year
Vienna - -Revenue: EUR 2,443.0 million (-4.8%; prior year: EUR 2,566.3 million)
-Operating profit (EBIT): EUR 66.6 million (-65.1%; prior year: EUR 190.6 million)
-Earnings per share: EUR 0.41* (-81.7%; prior year: EUR 2.24*)
-Equity ratio: 59.0% (prior year: 61.7%)
-Dividend proposal for 2018|19 of EUR 1,001 per share (prior-year dividend: EUR 1.125* per share)
-Outlook for 2019|20: expecting significant EBIT growth and a moderate rise in revenue
In the 2018|19 financial year, AGRANA Beteiligungs-AG achieved consolidated revenue of EUR 2,443.0 million, a slight decrease from the prior year. Operating profit (EBIT), at EUR 66.6 million, decreased by 65.1% from one year earlier. The significant earnings decline was especially due to persistent extremely low sugar prices, but also to low isoglucose and ethanol prices in the Starch segment. In the Fruit segment, AGRANA recorded stable revenue and an increase in EBIT, with the fruit juice concentrate business generating the earnings growth thanks to an improved situation in margins and sales volume.
AGRANA Chief Executive Officer Johann Marihart says: "The past financial year, which was negatively impacted above all by losses in the Sugar segment and by volatile but low overall ethanol prices, certainly does not give us cause for satisfaction. However, for the new financial year now under way, we expect renewed significantly better overall earnings, driven particularly by EBIT growth in the Fruit segment. Amid the difficult situation in the sugar market, our strategy of diversification once again proves its worth, enabling us to balance out the effects of fluctuating business conditions across the different operating segments. Our optimism is also reflected in our investments in growth projects in the Fruit segment and specialisation projects in the Starch segment. The biggest project of the new financial year is the expansion of the wheat starch plant in Pischelsdorf, Austria; the enlarged facility is scheduled for commissioning at the end of 2019."
AGRANA Group results EUR million, except %
FY 2018|19 FY 2017|18 Revenue 2,443.0 2,566.3 EBITDA** 147.7 254.2 Operating profit (EBIT) 66.6 190.6 EBIT margin 2.7% 7.4% Profit for the period 30.4 142.6 Earnings per share 0.41 2.24*** Investment**** 183.8 140.9 Number of employees***** 9,230 8,678

Net financial items in 2018|19 amounted to a net expense of EUR 15.4 million (prior year: net expense of EUR 14.5 million). The prior year's optimisation of the credit and interest rate structure led to a further improvement of EUR 2.3 million in net interest expense. Profit before tax decreased from the prior year's EUR 176.2 million to EUR 51.2 million. After an income tax expense of EUR 20.9 million based on a tax rate of 40.7% (prior year: 19.0%), the Group's profit for the period was EUR 30.4 million (prior year: EUR 142.6 million).
With total assets of EUR 2,389.4 million, which were EUR 33.0 million higher than one year earlier, the equity ratio of 59.0% was 2.7 percentage points below the prior-year level. Net debt as of 28 February 2019 amounted to EUR 322.2 million, up EUR 89.7 million from the 2017|18 year-end level. The gearing ratio was thus 22.9% at the balance sheet date (28 February 2018: 16.0%). Consistent with AGRANA's transparent dividend policy, under which distributions are based on the Group's profit and cash flow as well as its debt situation and the need to maintain a sound balance sheet structure, the Management Board will propose to shareholders at the Annual General Meeting to pay a dividend of EUR 1.00* per share for the 2018|19 financial year (prior-year dividend: EUR 1.125* per share).
FRUIT segment
FY 2018|19 FY 2017|18 Revenue 1,179.1 1,161.4 Operating profit (EBIT) 77.3 75.6 EBIT margin 6.6% 6.5%

Fruit segment revenue rose by 1.5% to EUR 1,179.1 million. EBIT, at EUR 77.3 million, was up 2.1% from one year earlier. While revenue in the fruit preparations business, despite higher sales volumes, showed a decrease as a result of negative currency translation effects, revenue of the fruit juice concentrate activities rose thanks to the high apple juice concentrate prices for product from the 2017 crop and good sales volumes from the 2018 campaign. The EBIT increase in the Fruit segment was thus driven by the improved margin and sales volume situation in the fruit juice concentrate business and the high capacity utilisation of the concentrate plants in the 2018 processing season.
STARCH segment
FY 2018|19 FY 2017|18 Revenue 762.7 752.3 Operating profit (EBIT) 51.2 80.2 EBIT margin 6.7% 10.7%

Revenue in the Starch segment was EUR 762.7 million, up slightly by 1.4% from the year before. Growth in native and modified starches and in specialties made up for volume- and price-induced revenue reductions in saccharification products and price-driven decreases in bioethanol revenue. The poorer performance in the ethanol and saccharification products business led to an EBIT decline of 36.2% to EUR 51.2 million.
SUGAR segment
FY 2018|19 FY 2017|18 Revenue 501.2 652.6 Operating profit (EBIT) (61.9) 34.8 EBIT margin (12.3%) 5.3%

The Sugar segment had revenue of EUR 501.2 million, a reduction of 23.2% from the prior year due to the very low sugar selling prices. In terms of volume, sales with resellers and industrial customers grew in the domestic markets. Meanwhile, export volumes and sales to the non-food industry decreased. EBIT fell markedly to a deficit of EUR 61.9 million. This negative performance resulted from the year-on-year decline in sales prices as well as from adverse effects of the drought-related poorer harvest in Austria.
Outlook
Thanks to its sound balance sheet and the diversified business model built on the Fruit, Starch and Sugar segments, AGRANA considers itself well positioned for the future. "From today's perspective, we expect a significant increase in operating profit (EBIT) in the Sugar segment for the 2019|20 financial year despite the continuing major challenges. For Group revenue we are projecting a moderate increase," comments CEO Marihart. In 2019|20 the total investment in the three business segments - about EUR 143 million - will significantly exceed the budgeted depreciation of approximately EUR 108 million.
About AGRANA
AGRANA converts agricultural raw materials into high-quality foods and numerous industrial intermediate products. About 9,200 employees at 58 production sites worldwide generate annual Group revenue of approximately EUR 2.4 billion. Established in 1988, the company is the world market leader in fruit preparations and the leading producer of fruit juice concentrates in Europe. As well, its Starch segment is a major manufacturer of custom starch products and bioethanol. AGRANA today is also the leading sugar producer in Central and Eastern Europe.
This announcement is available in German and English at www.agrana.com [https:// www.agrana.com/en/].
footnote:
* Refecting the four-for-one stock split performed in July 2018, i.e., based on the new number of shares outstanding at 28 February 2019 of 62,488,976.
** EBITDA represents operating profit before exceptional items, results of equity-accounted joint ventures, and operating depreciation and amortisation.
*** Based on the number of shares outstanding at 28 February 2019 of 62,488,976.
**** Investment represents purchases of property, plant and equipment and intangibles; Excluding goodwill
***** Average number of full-time equivalents in the financial year.
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) Markus Simak Public Relations Tel.: +43-1-211 37-12084 e-mail: markus.simak@agrana.com
end of original announcement euro adhoc
end of announcement euro adhoc
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, Berlin, Frankfurt, Stuttgart language: English
Digital press kit: http://www.ots.at/pressemappe/4/aom

BSN Podcasts
Christian Drastil: Wiener Börse Plausch

Wiener Börse Party #619: Neuer bei Addiko, dad.at mit Milestone und grossem Neukundenpaket, alle Details Börsentag Wien 4.6.




Agrana
Akt. Indikation:  13.85 / 14.15
Uhrzeit:  22:59:02
Veränderung zu letztem SK:  0.00%
Letzter SK:  14.00 ( 4.48%)



 

Bildnachweis

1. Agrana, Fabrik, Pischelsdorf; Bild: Agrana   >> Öffnen auf photaq.com

Aktien auf dem Radar:Addiko Bank, Strabag, CA Immo, Flughafen Wien, Austriacard Holdings AG, Kapsch TrafficCom, ATX TR, S Immo, AT&S, Rosgix, RBI, ATX, ATX Prime, FACC, Marinomed Biotech, Erste Group, Polytec Group, Agrana, EuroTeleSites AG, Gurktaler AG Stamm, Gurktaler AG VZ, Immofinanz, Semperit, Oberbank AG Stamm, Lenzing, Amag, EVN, Österreichische Post, Telekom Austria, Uniqa, VIG.


Random Partner

Marinomed
Erforscht und entwickelt völlig neuartige Technologieplattformen, die innovative Therapien gegen Atemwegs- und Augenerkrankungen ermöglichen. Aus wissenschaftlichen Ideen werden so neue Patente, Marken und Produkte geschaffen.

>> Besuchen Sie 68 weitere Partner auf boerse-social.com/partner


Mehr aktuelle OTS-Meldungen HIER

Useletter

Die Useletter "Morning Xpresso" und "Evening Xtrakt" heben sich deutlich von den gängigen Newslettern ab. Beispiele ansehen bzw. kostenfrei anmelden. Wichtige Börse-Infos garantiert.

Newsletter abonnieren

Runplugged

Infos über neue Financial Literacy Audio Files für die Runplugged App
(kostenfrei downloaden über http://runplugged.com/spreadit)

per Newsletter erhalten


Meistgelesen
>> mehr





PIR-Zeichnungsprodukte
AT0000A2U2W8
AT0000A2UVV6
AT0000A2WCB4
Newsflow
>> mehr

Börse Social Club Board
>> mehr
    #gabb #1570

    Featured Partner Video

    Geburtstag meiner Frau

    Das Sporttagebuch mit Michael Knöppel - 7. März 2024 E-Mail: sporttagebuch.michael@gmail.com Instagram: @das_sporttagebuch Twitter: @Sporttagebuch_
    Das Sporttagebuch mit Michael Knöppel - 7. Mä...

    Books josefchladek.com

    Jerker Andersson
    Found Diary
    2024
    Self published

    Carlos Alba
    I’ll Bet the Devil My Head
    2023
    Void

    Adrianna Ault
    Levee
    2023
    Void

    Kurama
    erotiCANA
    2023
    in)(between gallery

    Igor Chekachkov
    NA4JOPM8
    2021
    ist publishing

    Correction: AGRANA: significant EBIT decrease in 2018|19 financial year


    13.05.2019, 16408 Zeichen

    Corporate news transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
    Financial Figures/Balance Sheet
    Vienna - -Revenue: EUR 2,443.0 million (-4.8%; prior year: EUR 2,566.3 million)
    -Operating profit (EBIT): EUR 66.6 million (-65.1%; prior year: EUR 190.6 million)
    -Earnings per share: EUR 0.41* (-81.7%; prior year: EUR 2.24*)
    -Equity ratio: 59.0% (prior year: 61.7%)
    -Dividend proposal for 2018|19 of EUR 1,00* per share (prior-year dividend: EUR 1.125* per share)
    -Outlook for 2019|20: expecting significant EBIT growth and a moderate rise in revenue
    In the 2018|19 financial year, AGRANA Beteiligungs-AG achieved consolidated revenue of EUR 2,443.0 million, a slight decrease from the prior year. Operating profit (EBIT), at EUR 66.6 million, decreased by 65.1% from one year earlier. The significant earnings decline was especially due to persistent extremely low sugar prices, but also to low isoglucose and ethanol prices in the Starch segment. In the Fruit segment, AGRANA recorded stable revenue and an increase in EBIT, with the fruit juice concentrate business generating the earnings growth thanks to an improved situation in margins and sales volume.
    AGRANA Chief Executive Officer Johann Marihart says: "The past financial year, which was negatively impacted above all by losses in the Sugar segment and by volatile but low overall ethanol prices, certainly does not give us cause for satisfaction. However, for the new financial year now under way, we expect renewed significantly better overall earnings, driven particularly by EBIT growth in the Fruit segment. Amid the difficult situation in the sugar market, our strategy of diversification once again proves its worth, enabling us to balance out the effects of fluctuating business conditions across the different operating segments. Our optimism is also reflected in our investments in growth projects in the Fruit segment and specialisation projects in the Starch segment. The biggest project of the new financial year is the expansion of the wheat starch plant in Pischelsdorf, Austria; the enlarged facility is scheduled for commissioning at the end of 2019."
    AGRANA Group results EUR million, except %
    FY 2018|19 FY 2017|18 Revenue 2,443.0 2,566.3 EBITDA** 147.7 254.2 Operating profit (EBIT) 66.6 190.6 EBIT margin 2.7% 7.4% Profit for the period 30.4 142.6 Earnings per share 0.41 2.24*** Investment**** 183.8 140.9 Number of employees***** 9,230 8,678

    Net financial items in 2018|19 amounted to a net expense of EUR 15.4 million (prior year: net expense of EUR 14.5 million). The prior year's optimisation of the credit and interest rate structure led to a further improvement of EUR 2.3 million in net interest expense. Profit before tax decreased from the prior year's EUR 176.2 million to EUR 51.2 million. After an income tax expense of EUR 20.9 million based on a tax rate of 40.7% (prior year: 19.0%), the Group's profit for the period was EUR 30.4 million (prior year: EUR 142.6 million).
    With total assets of EUR 2,389.4 million, which were EUR 33.0 million higher than one year earlier, the equity ratio of 59.0% was 2.7 percentage points below the prior-year level. Net debt as of 28 February 2019 amounted to EUR 322.2 million, up EUR 89.7 million from the 2017|18 year-end level. The gearing ratio was thus 22.9% at the balance sheet date (28 February 2018: 16.0%). Consistent with AGRANA's transparent dividend policy, under which distributions are based on the Group's profit and cash flow as well as its debt situation and the need to maintain a sound balance sheet structure, the Management Board will propose to shareholders at the Annual General Meeting to pay a dividend of EUR 1.00* per share for the 2018|19 financial year (prior-year dividend: EUR 1.125* per share).
    FRUIT segment
    FY 2018|19 FY 2017|18 Revenue 1,179.1 1,161.4 Operating profit (EBIT) 77.3 75.6 EBIT margin 6.6% 6.5%

    Fruit segment revenue rose by 1.5% to EUR 1,179.1 million. EBIT, at EUR 77.3 million, was up 2.1% from one year earlier. While revenue in the fruit preparations business, despite higher sales volumes, showed a decrease as a result of negative currency translation effects, revenue of the fruit juice concentrate activities rose thanks to the high apple juice concentrate prices for product from the 2017 crop and good sales volumes from the 2018 campaign. The EBIT increase in the Fruit segment was thus driven by the improved margin and sales volume situation in the fruit juice concentrate business and the high capacity utilisation of the concentrate plants in the 2018 processing season.
    STARCH segment
    FY 2018|19 FY 2017|18 Revenue 762.7 752.3 Operating profit (EBIT) 51.2 80.2 EBIT margin 6.7% 10.7%

    Revenue in the Starch segment was EUR 762.7 million, up slightly by 1.4% from the year before. Growth in native and modified starches and in specialties made up for volume- and price-induced revenue reductions in saccharification products and price-driven decreases in bioethanol revenue. The poorer performance in the ethanol and saccharification products business led to an EBIT decline of 36.2% to EUR 51.2 million.
    SUGAR segment
    FY 2018|19 FY 2017|18 Revenue 501.2 652.6 Operating profit (EBIT) (61.9) 34.8 EBIT margin (12.3%) 5.3%

    The Sugar segment had revenue of EUR 501.2 million, a reduction of 23.2% from the prior year due to the very low sugar selling prices. In terms of volume, sales with resellers and industrial customers grew in the domestic markets. Meanwhile, export volumes and sales to the non-food industry decreased. EBIT fell markedly to a deficit of EUR 61.9 million. This negative performance resulted from the year-on-year decline in sales prices as well as from adverse effects of the drought-related poorer harvest in Austria.
    Outlook
    Thanks to its sound balance sheet and the diversified business model built on the Fruit, Starch and Sugar segments, AGRANA considers itself well positioned for the future. "From today's perspective, we expect a significant increase in operating profit (EBIT) in the Sugar segment for the 2019|20 financial year despite the continuing major challenges. For Group revenue we are projecting a moderate increase," comments CEO Marihart. In 2019|20 the total investment in the three business segments - about EUR 143 million - will significantly exceed the budgeted depreciation of approximately EUR 108 million.
    About AGRANA
    AGRANA converts agricultural raw materials into high-quality foods and numerous industrial intermediate products. About 9,200 employees at 58 production sites worldwide generate annual Group revenue of approximately EUR 2.4 billion. Established in 1988, the company is the world market leader in fruit preparations and the leading producer of fruit juice concentrates in Europe. As well, its Starch segment is a major manufacturer of custom starch products and bioethanol. AGRANA today is also the leading sugar producer in Central and Eastern Europe.
    This announcement is available in German and English at www.agrana.com [https:// www.agrana.com/en/].
    footnote:
    * Refecting the four-for-one stock split performed in July 2018, i.e., based on the new number of shares outstanding at 28 February 2019 of 62,488,976.
    ** EBITDA represents operating profit before exceptional items, results of equity-accounted joint ventures, and operating depreciation and amortisation.
    *** Based on the number of shares outstanding at 28 February 2019 of 62,488,976.
    **** Investment represents purchases of property, plant and equipment and intangibles; Excluding goodwill
    ***** Average number of full-time equivalents in the financial year.
    original announcement: EANS-News: AGRANA: significant EBIT decrease in 2018|19 financial year
    Vienna - -Revenue: EUR 2,443.0 million (-4.8%; prior year: EUR 2,566.3 million)
    -Operating profit (EBIT): EUR 66.6 million (-65.1%; prior year: EUR 190.6 million)
    -Earnings per share: EUR 0.41* (-81.7%; prior year: EUR 2.24*)
    -Equity ratio: 59.0% (prior year: 61.7%)
    -Dividend proposal for 2018|19 of EUR 1,001 per share (prior-year dividend: EUR 1.125* per share)
    -Outlook for 2019|20: expecting significant EBIT growth and a moderate rise in revenue
    In the 2018|19 financial year, AGRANA Beteiligungs-AG achieved consolidated revenue of EUR 2,443.0 million, a slight decrease from the prior year. Operating profit (EBIT), at EUR 66.6 million, decreased by 65.1% from one year earlier. The significant earnings decline was especially due to persistent extremely low sugar prices, but also to low isoglucose and ethanol prices in the Starch segment. In the Fruit segment, AGRANA recorded stable revenue and an increase in EBIT, with the fruit juice concentrate business generating the earnings growth thanks to an improved situation in margins and sales volume.
    AGRANA Chief Executive Officer Johann Marihart says: "The past financial year, which was negatively impacted above all by losses in the Sugar segment and by volatile but low overall ethanol prices, certainly does not give us cause for satisfaction. However, for the new financial year now under way, we expect renewed significantly better overall earnings, driven particularly by EBIT growth in the Fruit segment. Amid the difficult situation in the sugar market, our strategy of diversification once again proves its worth, enabling us to balance out the effects of fluctuating business conditions across the different operating segments. Our optimism is also reflected in our investments in growth projects in the Fruit segment and specialisation projects in the Starch segment. The biggest project of the new financial year is the expansion of the wheat starch plant in Pischelsdorf, Austria; the enlarged facility is scheduled for commissioning at the end of 2019."
    AGRANA Group results EUR million, except %
    FY 2018|19 FY 2017|18 Revenue 2,443.0 2,566.3 EBITDA** 147.7 254.2 Operating profit (EBIT) 66.6 190.6 EBIT margin 2.7% 7.4% Profit for the period 30.4 142.6 Earnings per share 0.41 2.24*** Investment**** 183.8 140.9 Number of employees***** 9,230 8,678

    Net financial items in 2018|19 amounted to a net expense of EUR 15.4 million (prior year: net expense of EUR 14.5 million). The prior year's optimisation of the credit and interest rate structure led to a further improvement of EUR 2.3 million in net interest expense. Profit before tax decreased from the prior year's EUR 176.2 million to EUR 51.2 million. After an income tax expense of EUR 20.9 million based on a tax rate of 40.7% (prior year: 19.0%), the Group's profit for the period was EUR 30.4 million (prior year: EUR 142.6 million).
    With total assets of EUR 2,389.4 million, which were EUR 33.0 million higher than one year earlier, the equity ratio of 59.0% was 2.7 percentage points below the prior-year level. Net debt as of 28 February 2019 amounted to EUR 322.2 million, up EUR 89.7 million from the 2017|18 year-end level. The gearing ratio was thus 22.9% at the balance sheet date (28 February 2018: 16.0%). Consistent with AGRANA's transparent dividend policy, under which distributions are based on the Group's profit and cash flow as well as its debt situation and the need to maintain a sound balance sheet structure, the Management Board will propose to shareholders at the Annual General Meeting to pay a dividend of EUR 1.00* per share for the 2018|19 financial year (prior-year dividend: EUR 1.125* per share).
    FRUIT segment
    FY 2018|19 FY 2017|18 Revenue 1,179.1 1,161.4 Operating profit (EBIT) 77.3 75.6 EBIT margin 6.6% 6.5%

    Fruit segment revenue rose by 1.5% to EUR 1,179.1 million. EBIT, at EUR 77.3 million, was up 2.1% from one year earlier. While revenue in the fruit preparations business, despite higher sales volumes, showed a decrease as a result of negative currency translation effects, revenue of the fruit juice concentrate activities rose thanks to the high apple juice concentrate prices for product from the 2017 crop and good sales volumes from the 2018 campaign. The EBIT increase in the Fruit segment was thus driven by the improved margin and sales volume situation in the fruit juice concentrate business and the high capacity utilisation of the concentrate plants in the 2018 processing season.
    STARCH segment
    FY 2018|19 FY 2017|18 Revenue 762.7 752.3 Operating profit (EBIT) 51.2 80.2 EBIT margin 6.7% 10.7%

    Revenue in the Starch segment was EUR 762.7 million, up slightly by 1.4% from the year before. Growth in native and modified starches and in specialties made up for volume- and price-induced revenue reductions in saccharification products and price-driven decreases in bioethanol revenue. The poorer performance in the ethanol and saccharification products business led to an EBIT decline of 36.2% to EUR 51.2 million.
    SUGAR segment
    FY 2018|19 FY 2017|18 Revenue 501.2 652.6 Operating profit (EBIT) (61.9) 34.8 EBIT margin (12.3%) 5.3%

    The Sugar segment had revenue of EUR 501.2 million, a reduction of 23.2% from the prior year due to the very low sugar selling prices. In terms of volume, sales with resellers and industrial customers grew in the domestic markets. Meanwhile, export volumes and sales to the non-food industry decreased. EBIT fell markedly to a deficit of EUR 61.9 million. This negative performance resulted from the year-on-year decline in sales prices as well as from adverse effects of the drought-related poorer harvest in Austria.
    Outlook
    Thanks to its sound balance sheet and the diversified business model built on the Fruit, Starch and Sugar segments, AGRANA considers itself well positioned for the future. "From today's perspective, we expect a significant increase in operating profit (EBIT) in the Sugar segment for the 2019|20 financial year despite the continuing major challenges. For Group revenue we are projecting a moderate increase," comments CEO Marihart. In 2019|20 the total investment in the three business segments - about EUR 143 million - will significantly exceed the budgeted depreciation of approximately EUR 108 million.
    About AGRANA
    AGRANA converts agricultural raw materials into high-quality foods and numerous industrial intermediate products. About 9,200 employees at 58 production sites worldwide generate annual Group revenue of approximately EUR 2.4 billion. Established in 1988, the company is the world market leader in fruit preparations and the leading producer of fruit juice concentrates in Europe. As well, its Starch segment is a major manufacturer of custom starch products and bioethanol. AGRANA today is also the leading sugar producer in Central and Eastern Europe.
    This announcement is available in German and English at www.agrana.com [https:// www.agrana.com/en/].
    footnote:
    * Refecting the four-for-one stock split performed in July 2018, i.e., based on the new number of shares outstanding at 28 February 2019 of 62,488,976.
    ** EBITDA represents operating profit before exceptional items, results of equity-accounted joint ventures, and operating depreciation and amortisation.
    *** Based on the number of shares outstanding at 28 February 2019 of 62,488,976.
    **** Investment represents purchases of property, plant and equipment and intangibles; Excluding goodwill
    ***** Average number of full-time equivalents in the financial year.
    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) Markus Simak Public Relations Tel.: +43-1-211 37-12084 e-mail: markus.simak@agrana.com
    end of original announcement euro adhoc
    end of announcement euro adhoc
    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, Berlin, Frankfurt, Stuttgart language: English
    Digital press kit: http://www.ots.at/pressemappe/4/aom

    BSN Podcasts
    Christian Drastil: Wiener Börse Plausch

    Wiener Börse Party #619: Neuer bei Addiko, dad.at mit Milestone und grossem Neukundenpaket, alle Details Börsentag Wien 4.6.




    Agrana
    Akt. Indikation:  13.85 / 14.15
    Uhrzeit:  22:59:02
    Veränderung zu letztem SK:  0.00%
    Letzter SK:  14.00 ( 4.48%)



     

    Bildnachweis

    1. Agrana, Fabrik, Pischelsdorf; Bild: Agrana   >> Öffnen auf photaq.com

    Aktien auf dem Radar:Addiko Bank, Strabag, CA Immo, Flughafen Wien, Austriacard Holdings AG, Kapsch TrafficCom, ATX TR, S Immo, AT&S, Rosgix, RBI, ATX, ATX Prime, FACC, Marinomed Biotech, Erste Group, Polytec Group, Agrana, EuroTeleSites AG, Gurktaler AG Stamm, Gurktaler AG VZ, Immofinanz, Semperit, Oberbank AG Stamm, Lenzing, Amag, EVN, Österreichische Post, Telekom Austria, Uniqa, VIG.


    Random Partner

    Marinomed
    Erforscht und entwickelt völlig neuartige Technologieplattformen, die innovative Therapien gegen Atemwegs- und Augenerkrankungen ermöglichen. Aus wissenschaftlichen Ideen werden so neue Patente, Marken und Produkte geschaffen.

    >> Besuchen Sie 68 weitere Partner auf boerse-social.com/partner


    Mehr aktuelle OTS-Meldungen HIER

    Useletter

    Die Useletter "Morning Xpresso" und "Evening Xtrakt" heben sich deutlich von den gängigen Newslettern ab. Beispiele ansehen bzw. kostenfrei anmelden. Wichtige Börse-Infos garantiert.

    Newsletter abonnieren

    Runplugged

    Infos über neue Financial Literacy Audio Files für die Runplugged App
    (kostenfrei downloaden über http://runplugged.com/spreadit)

    per Newsletter erhalten


    Meistgelesen
    >> mehr





    PIR-Zeichnungsprodukte
    AT0000A2U2W8
    AT0000A2UVV6
    AT0000A2WCB4
    Newsflow
    >> mehr

    Börse Social Club Board
    >> mehr
      #gabb #1570

      Featured Partner Video

      Geburtstag meiner Frau

      Das Sporttagebuch mit Michael Knöppel - 7. März 2024 E-Mail: sporttagebuch.michael@gmail.com Instagram: @das_sporttagebuch Twitter: @Sporttagebuch_
      Das Sporttagebuch mit Michael Knöppel - 7. Mä...

      Books josefchladek.com

      Andreas H. Bitesnich
      India
      2019
      teNeues Verlag GmbH

      Stefania Rössl & Massimo Sordi (eds.)
      Index Naturae
      2023
      Skinnerboox

      Jerker Andersson
      Found Diary
      2024
      Self published

      Futures
      On the Verge
      2023
      Void

      Kurama
      Koumori
      2023
      in)(between gallery