Agrana Q1 Report 2023

Financial first quarter of 2023|24 at a glance

• Revenue: € 966.1 million (Q1 prior year: € 886.3 million)
• EBIT: € 63.5 million (Q1 prior year: € 51.6 million)
• EBIT margin: 6.6% (Q1 prior year: 5.8%)
• Profit for the period: € 38.0 million (Q1 prior year: € 36.1 million)
• Equity ratio: 42.3% (28 February 2023: 41.8%)

In the first quarter of the 2023|24 financial year (the three months ended 31 May 2023), AGRANA, the fruit, starch and sugar company, achieved very significant growth of 23.1% in operating profit (EBIT) to € 63.5 million. Revenue increased by 9.0% to € 966.1 million. “We have made a successful start to the 2023|24 financial year and are especially pleased with the continuing healthy profit trend in the Sugar segment and the good performance in the Fruit segment, where structural measures to boost profitability of the fruit preparations business are already producing results. In the Starch segment, the expectation of a challenging financial year was proved correct in the first three months. EBIT declined significantly in this business segment, due especially to a lower ethanol performance driven by sales prices,” explains AGRANA CEO Markus Mühleisen.