Ad-hoc | 15 January 2004 07:38

AGRANA – A successful 3rd Quarter 2003/04

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– AGRANA – A successful 3rd Quarter 2003/04 During the third quarter of the current financial year lasting from 1 September through 30 November 2003, we were able to sustain the Group,s satisfactory development during the second quarter. Sales revenues were EUR 10.0 million or 4.5 per cent up on the same quarter of the previous year, and third-quarter operating profit increased by nearly 4 per cent to EUR 24.7 million, although revenues during the first three quarters of the 2003/04 financial year (1 March through 30 November) were EUR 26.5 million or 3.8 per cent down on the same period of the previous year at EUR 663.2 million. That was however due to the relocation of the balance-sheet dates of the AGRANA International subsidiaries in 2002/03, which added two months to their 2002/03 financial years. Based on genuinely comparable periods, revenues increased by EUR 13.8 million or 2.1 per cent. The Group posted operating profit of EUR 62.7 million during the first three quarters of 2003/04, which was EUR 10.6 million down on the first three quarters of the previous financial year or EUR 7.4 million down on the year based on genuinely comparable periods. AGRANA,s Performance in EUR mn 1st-3rd Quarter (1 March – 30 November) 2003/04 2002/03 Revenues 663.2 689.7 Operating profit 62.7 73.3 Profit before tax 59.5 72.8 Consolidated profit (after allowing for minority interests) 39.9 50.5 Investments in tangible non-current assets – full year planned) 51.8 49.7 – 1st – 3rd Quarter) 25.0 28.0 Staff 3,919 3,998 The 3rd Quarter Interim Report is available in the Internet at http://www.agrana.com . end of ad-hoc-announcement (c)DGAP 15.01.2004 ——————————————————————————– WKN: 060370; ISIN: AT0000603709; Index: Listed: Amtlicher Handel in Wien 150738 Jän 04