AGRANA Reports Solid Q1 Performance, Weaker Full-Year Guidance

30 Jun 2014 --- In the first quarter 2014|15 (1 March to 31 May 2014), AGRANA generated earnings before interest and tax (EBIT) of € 52.9 million (Q1 2013|141: €59.6 million). The declining prices in the Sugar and Fruit segments as well as for bioethanol led also to a drop in revenue to €647.2 million (Q1 2013|141: €800.0 million).

Due to the assumption that the pressure on sugar and bioethanol prices will endure, AGRANA now assumes that there will be a significant slowing in terms of EBIT for the full year 2014|15 (FY 2013|141: €167.0 million). With regard to consolidated revenue (FY 2013|141: €2,841.7 million), a decline is expected on the grounds of lower average prices and slight increases in volumes sold.

Further details relating to the development of business and the various segments will be published by the Group as scheduled on 10 July 2014.