Austria's AGRANA prelim Q1 EBIT jumps on improved segment performance
Austria's AGRANA prelim Q1 EBIT jumps on improved segment performance
Overview
Austria-based food ingredients producer's preliminary fiscal Q1 revenue declined yr/yr on lower Sugar volumes
Preliminary EBIT for fiscal Q1 rose sharply, driven by improved Starch and Sugar segment performance
Company reaffirmed full-year EBIT guidance, expecting a significant increase over last year
Outlook
AGRANA confirms full-year EBIT forecast at €70 to €90 mln
Company expects full-year group revenue to show a slight increase
Result Drivers
SUGAR VOLUMES - Lower volumes in the Sugar segment led to a slight revenue decline, per company
OPERATIONAL IMPROVEMENTS - EBIT increase driven by improved operational performance in Starch and Sugar segments, per company
RESTRUCTURING EFFECTS - EBIT benefited from elimination of prior-year one-off restructuring costs, per company
Company press release: ID:nEQ9lRvkKa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q1 Revenue | Miss | EUR 855.30 mln | EUR 900 mln (1 Analyst) |
Q1 EBIT |
| EUR 35.40 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy."
Wall Street's median 12-month price target for Agrana Beteiligungs AG is €12.40, about 5.1% above its June 30 closing price of €11.80
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 27 three months ago
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
Recent news on Agrana Beteiligungs AG
See all newsAustrian sugar producer AGRANA lifts FY EBIT forecast after H1 profit surge
Brief: AGRANA H1 Revenue EUR 1,700.2 Million
Austria's AGRANA Q1 operating profit soars on strength in starch segment
Brief: AGRANA Q1 Profit For Period EUR 19.3 Million
Austria's AGRANA prelim Q1 EBIT jumps on improved segment performance