Ad-hoc | 23 March 2022 12:22

AGRANA Beteiligungs-Aktiengesellschaft: AGRANA anticipates need for impairment charges due to the war in Ukraine

AGRANA Beteiligungs-Aktiengesellschaft / Key word(s): Profit Warning
AGRANA Beteiligungs-Aktiengesellschaft: AGRANA anticipates need for impairment charges due to the war in Ukraine

23-March-2022 / 12:22 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Provisional consolidated EBIT 2021|22 prior to war-related extraordinary items forecast to be around € 95.5 million

The AGRANA Group previously anticipated EBIT in the 2021|22 financial year (1 March 2021 to 28 February 2022) to amount to at least € 86.6 million (guidance: a significant increase of at least 10 % compared to the prior year). On the basis of provisional, unaudited figures, the Group would generate EBIT prior to extraordinary items associated with the Ukraine war of around € 95.5 million (EBIT 2020|21: € 78.7 million). Group revenue will amount to around € 2.9 billion (2020|21: € 2,547.0 million).

The outbreak of the war in Ukraine on 24 February 2022 represents a relevant event for AGRANA as at the balance sheet date of 28 February 2022. Based on the current status of internal impairment testing, Management currently anticipates a largely non-cash impact on EBIT related to asset and goodwill impairments in a range of € 65 million to € 85 million. The consolidated audit performed by the appointed auditors is presently ongoing at the level of AGRANA Beteiligungs-AG. It is therefore not possible at this point in time to exactly define the actual scope of the impairments necessary.

The 2021|22 annual report will be published as planned on 13 May 2022.

This announcement is available in German and English at www.agrana.com .

23-March-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com

Language:	English
Company:	AGRANA Beteiligungs-Aktiengesellschaft
	F.-W.-Raiffeisen-Platz 1
	A-1020 Wien
	Austria
Phone:	+43-1-21137-0
Fax:	+43-1-21137-12926
E-mail:	investor.relations@agrana.com
Internet:	www.agrana.com
ISIN:	AT000AGRANA3
WKN:	A2NB37
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange (Official Market)
EQS News ID:	1309837

End of Announcement EQS News Service