AGRANA increases annual guidance following strong Q1 2011|12 PonctuellesDate: 23.06.2011
In the first quarter of its 2011|12 financial year, AGRANA boosted it pre-exceptionals operating profit from around € 34m to approximately € 62m.
All three segments, Sugar, Starch and Fruit, contributed to this exceptionally positive earnings development. On the one hand, the optimisation programme initiated in the prior years had a positive impact on the pre-exceptionals operating profit while, on the other, the Group also benefited from the favourable market conditions in both the sugar and starch segments in the first three months of the business year.
Group revenue also improved during the first quarter 2011|12, rising from around € 541m to € 613m.
Due to this very positive development in the first three months, AGRANA now expects a significant improvement in results across all segments in the full 2011|12 financial year.
As scheduled, the Group will be publishing further details of the development of business and additional information on the various segments on 14 July 2011.