Wien / AT. (ab) Austria’s Agrana Beteiligungs-AG, the fruit, starch and sugar company, previously anticipated Ebit in the 2021|22 financial year (01 March 2021 to 28 February 2022) to amount to at least EUR 86.6 million (guidance: a significant increase of at least 10 percent compared to the prior year). On the basis of provisional, unaudited figures, the Group would generate Ebit prior to extraordinary items associated with the Ukraine war of around EUR 95.5 million (Ebit 2020|21: EUR 78.7 million). Group revenue will amount to around EUR 2.9 billion (2020|21: EUR 2,547.0 million).
The outbreak of the war in Ukraine on 24 February 2022 represents a relevant event for Agrana as at the balance sheet date of 28 February 2022. Based on the 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. The consolidated audit performed by the appointed auditors is presently ongoing at the level of Agrana Beteiligungs-AG. It is therefore not possible at this point in time to exactly define the actual scope of the impairments necessary. The 2021|22 annual report will be published as planned on 13 May 2022.
OTHER TOPICS FROM THIS SECTION FOR YOU:
- Cloetta AB: announces Q2-2024 interim report
- Axfood AB: Reports Q2-2024 Financial Results
- Chef Robotics: Launches AI-Powered Food Robot
- Conagra Brands: Reports Fourth Quarter 2024 Results
- Limerston Capital sells Village Bakery to Groupe Menissez
- GrubMarket: Buys Major Foodservice Company in Texas
- Lantmännen acquires Entrack AB
- DPC Dash: Concludes H1-2024 with Sustained Expansion
- Norway: Orkla Food Ingredients acquires FDE
- Fondo Italiano d’Investimento co-invests in Casa della Piada
- Greggs: invests in a new frozen manufacturing and logistics site
- Bundeskartellamt imposes fine against «Fritz!» manufacturer AVM
- Yum China: Celebrates Opening of its 200th KCoffee Store
- Beijing intends to roll out 5’400 food production robots
- K-Citymarket: sees significant sales growth in Finland
- DPC Dash: reaches 900-store milestone in China
- Coffee Holding: Terminates Merger with Delta Corp Holdings
- Perkins Restaurant + Bakery: introduces new brand identity
- Engelmans Bakery: acquires St. Armands Baking Company
- National DCP: Breaks Ground on New Distribution Center