EQS-Adhoc: AGRANA Beteiligungs-Aktiengesellschaft: Subdued outlook for 2024|25 after solid EBIT in 2023|24; Dividend proposal of € 0.90 per share for the 2023|24 financial year
EQS-Ad-hoc: AGRANA Beteiligungs-Aktiengesellschaft / Key word(s):
Forecast/Dividend
AGRANA Beteiligungs-Aktiengesellschaft: Subdued outlook for 2024|25 after
solid EBIT in 2023|24; Dividend proposal of € 0.90 per share for the
2023|24 financial year
16-Apr-2024 / 11:48 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the
Regulation (EU) No 596/2014, transmitted by EQS News – a service of EQS
Group AG.
The issuer is solely responsible for the content of this announcement.
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Subdued outlook for 2024|25 after solid EBIT in 2023|24
Dividend proposal of € 0.90 per share for the 2023|24 financial year
Based on provisional results, AGRANA generated operating profit (EBIT) of
€ 151.0 million in its 2023|24 financial year (1 March 2023 to 29 February
2024), which is in line with its guidance of a very significant
improvement compared to the prior year (2022|23: € 88.3 million). Earnings
per share rose to € 1.04 (prior year: € 0.25). Consolidated revenue
amounted to € 3,786.9 million (prior year: € 3,637.4 million).
As previously communicated in the Q3 results published in January 2024,
AGRANA sees itself confronted with an increasingly challenging business
environment since the fourth quarter of 2023|24 and forecasts EBIT for the
2024|25 financial year which will be significantly below the comparable
figure in 2023|24. This decline in results will already become apparent in
the first quarter of 2024|25.
The Management Board of AGRANA Beteiligungs-AG has today also decided –
subject to a corresponding resolution passed by the Supervisory Board – to
propose a dividend payout in the amount of € 0.90 per share for the
2023|24 financial year (dividend for 2022|23: € 0.90 per share) to the
37th Annual General Meeting to be held on 5 July 2024. This corresponds to
a dividend yield of 6.7 % based on the closing price on the balance sheet
date (29 February 2024).
The publication of the Annual Report 2023|24 and all the details relating
to the annual results for 2023|24 and to the outlook for 2024|25 will take
place as scheduled on 14 May 2024.
This announcement is available in German and English at [1] www.agrana.com.
End of Inside Information
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16-Apr-2024 CET/CEST News transmitted by EQS Group AG. www.eqs.com
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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: 1881629
End of Announcement EQS News Service
1881629 16-Apr-2024 CET/CEST
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