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21st Austria weekly - Agrana, Mayr-Melnhof (13/10/2022)

16.10.2022

Agrana: Agrana, the international fruit, starch and sugar group, generated revenue of Euro 1,792.3 mn in the first half of the 2022|23 financial year, a significant increase of 25.8% year-on-year (H1 prior year: Euro 1,424.4 mn). The earnings measure “operating profit before exceptional items and results of equity-accounted joint ventures” grew to Euro 86.5 mn in a very challenging environment (H1 prior year: Euro 41.0 mn). The Group’s loss for the period was Euro 17.0 mn (H1 prior year: profit for the period of Euro 27.1 mn).However, a required impairment test at 31 August 2022 resulted in the recognition of impairment on assets and goodwill in the Fruit segment. This write-down of Euro 91.2 mn – an exceptional item attributable to the Ukraine war and to steeply rising capital costs – is not a cash expense, but testifies to the extremely volatile and uncertain economic conditions. “With a strong operating performance in our entire production chain and rigorous cost management throughout the Group, we were able to supply our customers worldwide reliably at all times and achieve good operating profit before exceptional items. All segments helped drive these results,” emphasises  CEO Markus Mühleisen.
Agrana: weekly performance: -0.36%

Mayr-Melnhof: Andreas Blaschke will resign from his mandate to the Management Board at the end of October 2022 after 21 years on the Board and 31 years of service to the MM Group. On the Management Board of Mayr-Melnhof Karton AG, Andreas was responsible for the MM Packaging division. CEO Peter Oswald will take on the responsibilities of Andreas Blaschke on the Board.
Mayr-Melnhof: weekly performance: 1.21%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (13/10/2022)


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21st Austria weekly - Agrana, Mayr-Melnhof (13/10/2022)


16.10.2022, 1749 Zeichen



Agrana: Agrana, the international fruit, starch and sugar group, generated revenue of Euro 1,792.3 mn in the first half of the 2022|23 financial year, a significant increase of 25.8% year-on-year (H1 prior year: Euro 1,424.4 mn). The earnings measure “operating profit before exceptional items and results of equity-accounted joint ventures” grew to Euro 86.5 mn in a very challenging environment (H1 prior year: Euro 41.0 mn). The Group’s loss for the period was Euro 17.0 mn (H1 prior year: profit for the period of Euro 27.1 mn).However, a required impairment test at 31 August 2022 resulted in the recognition of impairment on assets and goodwill in the Fruit segment. This write-down of Euro 91.2 mn – an exceptional item attributable to the Ukraine war and to steeply rising capital costs – is not a cash expense, but testifies to the extremely volatile and uncertain economic conditions. “With a strong operating performance in our entire production chain and rigorous cost management throughout the Group, we were able to supply our customers worldwide reliably at all times and achieve good operating profit before exceptional items. All segments helped drive these results,” emphasises  CEO Markus Mühleisen.
Agrana: weekly performance: -0.36%

Mayr-Melnhof: Andreas Blaschke will resign from his mandate to the Management Board at the end of October 2022 after 21 years on the Board and 31 years of service to the MM Group. On the Management Board of Mayr-Melnhof Karton AG, Andreas was responsible for the MM Packaging division. CEO Peter Oswald will take on the responsibilities of Andreas Blaschke on the Board.
Mayr-Melnhof: weekly performance: 1.21%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (13/10/2022)



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