Corporate | 15 July 2004 08:27

AGRANA – Successful First Quarter of 2004/05

Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– AGRANA – Successful First Quarter of 2004/05 AGRANA’s revenues during the first quarter of the current financial year (1 March through 31 May 2004) were 18 per cent up on the year, and profit from operating activities grew by 14 per cent. First-quarter consolidated earnings were 21.5 per cent up on the year, giving per-share earnings of EUR 1.27, or EUR 0.23 more than in the first quarter of 2003/04. The first quarter of the current financial year developed as follows: EURmn applying IFRS Q1 2004/05 Q1 2003/04 Revenues 228.5 193.6 Profit from operating activities 19.2 16.9 Profit before tax 17.2 16.1 Consolidated earnings 14.0 11.5 Capital expenditure on tangible non-current assets during Q1 5.0 5.0 Capital expenditure on tangible non-current assets during year Planned: 62.9 28.5 Staff 3,464 3,519 Outlook. In the light both of EU enlargement and the addition of Steirerobst AG to the consolidated AGRANA Group as of the second quarter of 2004/05, we are targeting an increase in full-year revenues to EUR 980 million during the 2004/05 financial year. In view of competitive pressures in all our markets, we will be prioritizing the enhancement of efficiency at every level. We should be able to increase profit from operating activities by about 10 per cent this financial year. The Press Release and the current Quarterly Report are also available in the Internet at http://www.agrana.com . end of ad-hoc-announcement (c)DGAP 15.07.2004 ——————————————————————————– WKN: 060370; ISIN: AT0000603709; Index: Listed: Amtlicher Handel in Wien 150746 Jul 04