Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
Group guidance for the full year confirmed
Vienna – In the first quarter of 2018|19 (1 March to 31 May 2018), AGRANA’s operating profit (EBIT) amounted to EUR 37.0 million (Q1 2017|18: EUR 69.8 million). The significant decline was due to lower selling prices for sugar and isoglucose as well as lower ethanol prices, thereby resulting in a decline in revenues to EUR 630.3 million (Q1 2017|18: EUR 684.2 million).
The guidance for the full 2018|19 financial year, indicating a significant decline in consolidated EBIT, is confirmed. Due to falling selling prices for bioethanol and starch-based saccharification products, a significant (rather than a moderate) decline in earnings is now anticipated in the Starch segment.
Further details on the course of business in the first quarter of 2018|19, along with more detailed information on the individual segments, will be published by the Group as planned on 12 July 2018.
end of announcement euro adhoc
issuer: AGRANA Beteiligungs-AG
stockmarkets: Stuttgart, Frankfurt, Berlin, Wien
Digital press kit: http://www.ots.at/pressemappe/4/aom
Rückfragen & Kontakt:
Mr. Hannes Haider
Tel.: +43-1-211 37-12905
Mr. Markus Simak
Tel.: +43-1-211 37-12084
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