Strong Sugar and Starch Segments Support EBITA Increase for AGRANA

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21 Jun 2017 --- Good prices of ethanol in the starch segment plus a strong sugar segment contributed to improved first quarter results for international food company Agrana which has just published its earnings before tax for March 1 to May 31.
Over the first quarter, AGRANA’s EBIT increased  from €47.0 million in Q1 2016/17 to €69.8 million. Revenues during the three months also rose slightly, from €665.5 million to €684.2 million.

According to the company, both the extremely favorable development of ethanol prices in the starch segment, in particular, as well as better operating results in the sugar segment contributed to the rise in Group EBIT. 
 
Earnings in the fruit segment were also up on the prior year.

Despite the challenging market environment anticipated in the sugar segment in the second half, AGRANA has raised its guidance for EBIT in the financial year 2017/18 from a ‘moderate’ (+5 % to +10 %) to a ‘significant’ (> +10 %) increase due to the improved outlook in the starch segment.

The publication of the report for the first quarter 2017/18, including details of the segment reporting and the outlook for 2017/18, will take place on 13 July.

AGRANA Fruit

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AGRANA Fruit is the world market leader for fruit preparation for the dairy industry. Our fruits are in every 3rd yoghurt cup worldwide. With more than 4,300 employees, AGRANA Fruit has sales activities in over 70 countries. We truly care about fruits from the moment they are harvested until they are mixed with the final products. This is what makes us different. 

Visit our trendblog: agrana.com/trendblog

AGRANA Fruit offers customized and innovative products for the following industries:

•dairy
•ice cream
•bakery
•food service 

Accordingly, our core values are:

WE LOVE SOURCING

With more than 1,000 hectares of company owned fields and the long-term relationships with our farmers we have established a formidable competitive advantage within the core areas of our business including: PRICE, QUALITY, TRACEABILITY, SUSTAINABILITY.

WE LOVE EXCELLENCE

AGRANA Fruit has established the highest standards for fruit selection and processing, guaranteeing our customers unsurpassed foodsafety standards and premium quality.

WE LOVE OUR CLIENTS

To inspire and continuously delight our customers is a top priority at AGRANA Fruit. Globally we launch about 600 new and innovative customized fruit preparations across several markets including the dairy, ice cream, bakery and food service industries every year.

WE LOVE THE WORLD

AGRANA Fruit is truly the only global fruit preparation supplier, with 26 fruit processing plants located across the globe.

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