Ad-hoc | 13 July 2001 08:02

Agrana Beteiligungs-AG english

Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– High profit level sustained Results during the first quarter of the AGRANA Group’s current financial year (1 March through 31 May 2001) were even better than in the first quarter of 2000/01. Revenues were 11.7 percent up on the same period of the previous financial year, operating profit 9.0 percent, profit before income taxes 14.8 percent and profit after income taxes 1.6 percent. The AGRANA Group’s excellent performance was made possible by the stable world market price of sugar and by continued suc-cess in the starch segment. In addition, restructuring of AGRANA’s foreign subsidiaries has been yielding the expected improvements in results, likewise contributing to the group’s successful development. Agrana’s 1st Quarter Performance (mn EUR) 1st Quarter 1st Quarter 2001/02 2000/01 Change Revenues 196,4 175,9 11,7% Operating profit (EBIT) 12,1 11,1 9,0% Profit before income taxes 10,1 8,8 14,8% Profit after income taxes 6,5 6,4 1,6% Investment 23 p.a.(planned) 38,2 p.a. (39,8%) Workforce 4,141 4,406 (265) Outlook for the 2001/02 financial year We expect to post consolidated revenues of EUR 805 million dur-ing the 2001/02 financial year (previous financial year: EUR 760.2 million). We are confident of being able to sustain the outstanding profit levels achieved in 2000/01. The AGRANA Group’s first-quarter report in english will be available in the Internet at http://www.agrana.com from the middle of next week. end of ad hoc announcement (c) DGAP 13.07.2001 ——————————————————————————– WKN: 060373; Index: Listed: Amtlicher Handel in Wien; Freiverkehr in Frankfurt 130802 Jul 01