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AGR — Agrana Beteiligungs AG News Story

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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.)

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