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21st Austria weekly - Agrana, Borealis (12/01/2023)

15.01.2023

Agrana: In the first three quarters of the 2022|23 financial year (the nine months ended 30 November 2022), Agrana, the fruit, starch and sugar group, recorded revenue of € 2,742.5 million, an increase of 26.4% compared to the year-earlier period. An even more powerful gain was the 77.0% rise in “operating profit before exceptional items and equity-accounted joint ventures” to Euro 121.6 mn (Q1-Q3 prior year: € 68.7 million). AGRANA Chief Executive Officer Markus Mühleisen comments: “A key driver of the earnings improvement was the Sugar segment’s turnaround in this financial year. In addition to benefiting from the improved sales price environment in this business, we are reaping rewards of the efficiency measures taken in in recent years and of our rigorous cost management. Our strong performance in the first nine months was also helped by the high bioethanol quotations in the first half of the year and by good results in the wheat gluten business. Once again, our diversified, sustainable business model proves a stabilising influence in turbulent times.”
Agrana: weekly performance: -1.85%

Borealis: Borealis, a  provider of advanced and circular polyolefin solutions has acquired a majority stake in Renasci N.V., a Belgium-based provider of innovative recycling solutions and the creator of the novel Smart Chain Processing (SCP) concept. Borealis, a subsidiary of OMV, announces an increase of its investment to  a majority stake of 50.01%, signalling on-going confidence in the potential of Renasci’s patented SCP concept to drive the circular transformation. 
OMV: weekly performance: -2.60%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (12/01/2023)


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21st Austria weekly - Agrana, Borealis (12/01/2023)


15.01.2023, 1694 Zeichen



Agrana: In the first three quarters of the 2022|23 financial year (the nine months ended 30 November 2022), Agrana, the fruit, starch and sugar group, recorded revenue of € 2,742.5 million, an increase of 26.4% compared to the year-earlier period. An even more powerful gain was the 77.0% rise in “operating profit before exceptional items and equity-accounted joint ventures” to Euro 121.6 mn (Q1-Q3 prior year: € 68.7 million). AGRANA Chief Executive Officer Markus Mühleisen comments: “A key driver of the earnings improvement was the Sugar segment’s turnaround in this financial year. In addition to benefiting from the improved sales price environment in this business, we are reaping rewards of the efficiency measures taken in in recent years and of our rigorous cost management. Our strong performance in the first nine months was also helped by the high bioethanol quotations in the first half of the year and by good results in the wheat gluten business. Once again, our diversified, sustainable business model proves a stabilising influence in turbulent times.”
Agrana: weekly performance: -1.85%

Borealis: Borealis, a  provider of advanced and circular polyolefin solutions has acquired a majority stake in Renasci N.V., a Belgium-based provider of innovative recycling solutions and the creator of the novel Smart Chain Processing (SCP) concept. Borealis, a subsidiary of OMV, announces an increase of its investment to  a majority stake of 50.01%, signalling on-going confidence in the potential of Renasci’s patented SCP concept to drive the circular transformation. 
OMV: weekly performance: -2.60%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (12/01/2023)



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