AGRANA: Significant earnings improvement in the first quarter of 2009|10
In the first quarter of 2009|10, AGRANA, the sugar, starch and fruit group, achieved revenue growth of € 11.1 million or 2.2% to € 506.2 million (prior year: € 495.1 million)
In the first quarter of 2009|10, AGRANA, the sugar, starch and fruit group, achieved revenue growth of € 11.1 million or 2.2% to € 506.2 million (prior year: € 495.1 million)
In the AGRANA Group the 2008|09 financial year (ended 28 February) was defined by volatile energy and raw material prices, depreciation in many Eastern European currencies and the effects of the worldwide economic crisis.
In the third quarter of the 2008|09 financial year, AGRANA, the sugar, starch and fruit group, boosted profitability considerably from the negative first half of the year to a level near the prior year’s third quarter.
In its meeting on November 13, 2009, AGRANA Beteiligungs-AG’s Supervisory Board elected Fritz Gattermayer a new member of the company’s Board of Management effective January 1, 2009.
Good crops in 2008 have put an end to high raw material prices
In the first quarter of 2008|09 AGRANA, the sugar, starch and fruit group, achieved revenue growth of 10.3% to € 495.1 million (Q1 2007|08: € 449.0 million).
In the completed 2007|08 financial year the AGRANA Group sustained its growth trajectory in the Starch and Fruit segments despite difficult conditions in raw material procurement
Third-quarter operating profit (after exceptionals) at last year’s level
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