AGRANA - Report on the First Quarter of the 2001/02 Financial YearDate: 13.07.2001
High profit level sustained
Results during the first quarter of the AGRANA Group’s current financial year (1 March through 31 May 2001) were even better than in the first quarter of 2000/01. Revenues were 11.7 percent up on the same period of the previous financial year, operating profit 9.0 percent, profit before income taxes 14.8 percent and profit after income taxes 1.6 percent.
The AGRANA Group’s excellent performance was made possible by the stable world market price of sugar and by continued success in the starch segment. In addition, restructuring of AGRANA’s foreign subsidiaries has been yielding the expected improvements in results, likewise contributing to the group’s successful development.
|1st Quarter 2001/02||1st Quarter 2000/01||Change|
|Revenues||Mio €||196,4||175,9||+ 11,7 %|
|Operating profit (EBIT)||Mio €||12,1||11,1||+ 9,0 %|
|Profit before income taxes||Mio €||10,1||8,8||+ 14,8 %|
|Profit after income taxes||Mio €||6,5||6,4||+ 1,6 %|
|Investments||Mio € p.a.||23
|- 39,8 %|
Outlook for the 2001/02 financial year
We expect to post consolidated revenues of € 805 million during the 2001/02 financial year (previous financial year: € 760.2 million). We are confident of being able to sustain the outstanding profit levels achieved in 2000/01.