AGRANA 2020|21: EBIT 10 % below prior year
To date, AGRANA had been expecting an overall annual EBIT in 2020|21 of at least € 87.1 million. Following a provisional review of the figures, the Group is now expected to achieve provisional earn...
To date, AGRANA had been expecting an overall annual EBIT in 2020|21 of at least € 87.1 million. Following a provisional review of the figures, the Group is now expected to achieve provisional earnings before interest and tax (EBIT) in its 2020|21 financial year in an amount of € 78.7 million (prior year: € 87.1 million). Group revenue will amount to around € 2,550 million (2019|20: € 2,480.7 million).
Besides the anticipated, significantly weaker, operating performance in the fourth quarter 2020|21, extraordinary items in the fruit preparations business are the main reason why EBIT in 2020|21 is below the level of the prior year.
The 2020|21 annual report will be published as planned on 11 May 2021.
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