Brief: Agrana Beteiligungs Anticipates Need For Impairment Charges Due To War In Ukraine

Agrana Beteiligungs AG

23/03/2022 11:25

March 23 (Reuters) - AGRANA BETEILIGUNGS AG  AGRV.VI :
    * ANTICIPATES NEED FOR IMPAIRMENT CHARGES DUE TO WAR IN
UKRAINE
    * FY REVENUE WILL AMOUNT TO AROUND EUR 2.9 BILLION (2020|21:
EUR
2,547.0 MILLION).
    * AGRANA GROUP PREVIOUSLY ANTICIPATED EBIT IN 2021|22
FINANCIAL
YEAR (1 MARCH 2021 TO 28 FEBRUARY 2022) TO AMOUNT TO AT LEAST
EUR 86.6 MILLION (GUIDANCE: A SIGNIFICANT INCREASE OF AT LEAST
10 % COMPARED TO PRIOR YEAR)
    * BASED ON CURRENT STATUS OF INTERNAL IMPAIRMENT TESTING,
MANAGEMENT CURRENTLY ANTICIPATES A LARGELY NON-CASH IMPACT ON
EBIT RELATED TO ASSET AND GOODWILL IMPAIRMENTS IN A RANGE OF EUR
65 MILLION TO EUR 85 MILLION

Source text for Eikon:  ID:nEQ6xYWbra 
Further company coverage:  AGRV.VI 

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