AGRANA Sees Significant EBIT Reduction in First Half of 2024/25

AGRANA Beteiligungs-Aktiengesellschaft reports a notable 49% year-on-year decline in EBIT for the first half of the 2024/25 financial year, amounting to €56.6 million. This drop is attributed mainly to weakened sugar market conditions, alongside decreased margins in starch and saccharification products.

The company's revenue fell by 5% to €1,861.7 million, impacted by lower sugar prices and flat demand. However, the Fruit segment displayed robust performance, contributing positively with an EBIT higher than previous periods.

The ongoing market challenges are expected to continue affecting AGRANA's profitability throughout the financial year. CEO Stephan Büttner emphasizes efforts on the "Next Level" strategy, targeting cost efficiency across sectors to mitigate market volatility. The fiscal forecast for 2024/25 anticipates further EBIT reductions and stable capital investments.