Brief: AGRANA Beteiligungs Q1 EBIT up to EUR 69.8 million

Agrana Beteiligungs AG

20/06/2017 11:05

June 20 (Reuters) - AGRANA BETEILIGUNGS AG  AGRV.VI : 
    * IN Q1 OF 2017|18 (1 MARCH TO 31 MAY 2017), AGRANA IMPROVED ITS EARNINGS BEFORE INTEREST 
AND TAX (EBIT) FROM EUR 47.0 MILLION IN Q1 2016|17 TO EUR 69.8 MILLION 
    * REVENUES DURING THREE MONTHS ALSO ROSE SLIGHTLY, FROM EUR 665.5 MILLION TO EUR 684.2 
MILLION 
    * EXTREMELY FAVOURABLE DEVELOPMENT OF ETHANOL PRICES IN STARCH SEGMENT, IN PARTICULAR, AND 
BETTER OPERATING RESULTS IN SUGAR SEGMENT CONTRIBUTED TO RISE IN GROUP EBIT 
    * HAS RAISED ITS GUIDANCE FOR EBIT IN FINANCIAL YEAR 2017|18 FROM A 'MODERATE' (+5 % TO +10 
%) TO A 'SIGNIFICANT' (> +10 %) INCREASE DUE TO IMPROVED OUTLOOK IN STARCH SEGMENT 
 
Source text for Eikon:  ID:nEuFT61a  
Further company coverage:  AGRV.VI  
 
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