Ad-hoc | 27 March 2023 14:21

AGRANA Beteiligungs-Aktiengesellschaft: Operating profit in 2022|23 financial year significantly higher than expected

AGRANA Beteiligungs-Aktiengesellschaft / Key word(s): Annual Results
AGRANA Beteiligungs-Aktiengesellschaft: Operating profit in 2022|23 financial year significantly higher than expected

27-March-2023 / 14:21 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Operating profit in 2022|23 financial year significantly higher than expected

Provisional, unaudited operating profit of € 158 million

The preparation of the consolidated financial statements of the AGRANA Group for the period to 28 February 2023 reveals a provisional, unaudited operating profit of € 158 million, which is therefore significantly higher than the Company’s own guidance (“up to +50% compared to prior year”).

The provisional consolidated earnings before interest and tax (EBIT)* for the 2022|23 financial year (1 March 2022 to 28 February 2023) amount to € 88 million (2021|22: € 24.7 million). EBIT takes into account impairment charges taken against assets and goodwill in the amount of € 91 million which were recognised in the half-year financial statements (prior year: net exceptional items expense of € 70 million). Group revenue will amount to € 3.6 billion (2021|22: € 2.9 billion).

AGRANA’s Management Board currently forecasts a very significant improvement in EBIT during the ongoing 2023|24 financial year (more than +50 %). The assumption is that consolidated revenue will increase significantly (by more than +10 % and up to +50 %). Key uncertainties however remain the war in Ukraine and its consequences.

The 2022|23 annual results and the 2022|23 annual report will be published as scheduled on 17 May 2023.

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

*After exceptional items and share of results of equity-accounted joint ventures

27-March-2023 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:	1593279

End of Announcement EQS News Service