Agrana AG: achieves robust FY 2023|2024 results

Wien / AT. (ab) Revenue of the Agrana Group grew by 4.1 percent in the 2023|24 financial year to EUR 3,786.9 million. Operating profit (Ebit) was EUR 151.0 million, fulfilling the guidance of a very substantial increase from the prior year. «Despite a continued volatile environment – in which we adapted well to the market dynamics of raw material and energy prices and sales volumes – we were able to significantly improve our results. The Fruit segment did well operationally; a downside factor in its operating profit was an impairment charge made necessary by the ongoing strained business trend in Asia. In the Starch segment, sales volumes and selling prices, and therefore also operating profit, fell significantly compared to the previous year as a result of the sluggish economy. The Sugar segment significantly improved its capacity utilisation and increased its sugar production volume from the year before. In spite of a decline in sugar sales volume due to increased imports from Ukraine, the sugar business was satisfactory,» said Group CEO Stephan Büttner. For additional info please read the Company’s PDF file below (110 KB):