Brief: Agrana Beteiligungs Q1 EBIT Down 47.0 Pct AT EUR 37.0 Mln

Agrana Beteiligungs AG

12/07/2018 06:40

July 12 (Reuters) - Agrana Beteiligungs AG  AGRV.VI :
    * EANS-NEWS: AGRANA EARNINGS DECREASE IN FIRST QUARTER OF 2018|19
    * GROUP'S REVENUE EASED MODERATELY TO EUR 630.3 MILLION IN Q1 ENDED 31 MAY 2018, DOWN 7.9%
    * Q1 EBIT, AT EUR 37.0 MILLION, DECREASED BY A SIGNIFICANT 47.0% FROM YEAR-EARLIER QUARTER
    * CURRENTLY EXPECTS GROUP REVENUE FOR 2018|19 FINANCIAL YEAR IN LINE WITH PRIOR YEAR
    * PROJECTING A SIGNIFICANT DECREASE IN OPERATING PROFIT (EBIT) FOR 2018/19
    * IN 2018|19 TOTAL INVESTMENT IN THREE BUSINESS SEGMENTS ABOUT EUR 170 MILLION
    * TOTAL INVESTMENT IN 2018/19 TO SIGNIFICANTLY EXCEED BUDGETED DEPRECIATION OF APPROXIMATELY
EUR
97 MILLION
    * Q1 PROFIT WAS EUR 25.3 MILLION (Q1 PRIOR YEAR: EUR 50.9 MILLION)

Source text for Eikon:  ID:nEu86jHjR 
Further company coverage:  AGRV.VI 

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