EQS-Adhoc: AGRANA Beteiligungs-Aktiengesellschaft: AGRANA anticipates need for impairment charges due to the war in Ukraine
EQS-Ad-hoc: AGRANA Beteiligungs-Aktiengesellschaft / Key word(s): Profit
Warning
AGRANA Beteiligungs-Aktiengesellschaft: AGRANA anticipates need for
impairment charges due to the war in Ukraine
23-March-2022 / 12:22 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS – a service of EQS Group
AG.
The issuer is solely responsible for the content of this announcement.
══════════════════════════════════════════════════════════════════════════
Provisional consolidated EBIT 2021|22 prior to war-related extraordinary
items forecast to be around € 95.5 million
The AGRANA Group previously anticipated EBIT in the 2021|22 financial year
(1 March 2021 to 28 February 2022) to amount to at least € 86.6 million
(guidance: a significant increase of at least 10 % compared to the prior
year). On the basis of provisional, unaudited figures, the Group would
generate EBIT prior to extraordinary items associated with the Ukraine war
of around € 95.5 million (EBIT 2020|21: € 78.7 million). Group revenue
will amount to around € 2.9 billion (2020|21: € 2,547.0 million).
The outbreak of the war in Ukraine on 24 February 2022 represents a
relevant event for AGRANA as at the balance sheet date of 28 February
2022. Based on the current status of internal impairment testing,
Management currently anticipates a largely non-cash impact on EBIT related
to asset and goodwill impairments in a range of € 65 million to € 85
million. The consolidated audit performed by the appointed auditors is
presently ongoing at the level of AGRANA Beteiligungs-AG. It is therefore
not possible at this point in time to exactly define the actual scope of
the impairments necessary.
The 2021|22 annual report will be published as planned on 13 May 2022.
This announcement is available in German and English at [1] www.agrana.com.
══════════════════════════════════════════════════════════════════════════
23-March-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com
══════════════════════════════════════════════════════════════════════════
Language: English
Company: AGRANA Beteiligungs-Aktiengesellschaft
F.-W.-Raiffeisen-Platz 1
A-1020 Wien
Austria
Phone: +43-1-21137-0
Fax: +43-1-21137-12926
E-mail: investor.relations@agrana.com
Internet: www.agrana.com
ISIN: AT000AGRANA3
WKN: A2NB37
Listed: Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt,
Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange
(Official Market)
EQS News ID: 1309837
End of Announcement EQS News Service
1309837 23-March-2022 CET/CEST
References
Visible links
1. https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=8b369b965150535f19bca65394bd28e4&application_id=1309837&site_id=apa_ots_austria&application_name=news
OTS-ORIGINALTEXT PRESSEAUSSENDUNG UNTER AUSSCHLIESSLICHER INHALTLICHER VERANTWORTUNG DES AUSSENDERS. www.ots.at
© Copyright APA-OTS Originaltext-Service GmbH und der jeweilige Aussender