Austria · Delayed Price · Currency is EUR AGRANA Beteiligungs-Aktiengesellschaft Earnings Call Transcripts
Fiscal Year 2026
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NEXT LEVEL strategy drives stable results despite restructuring costs and sugar market pressures. Food & Beverage Solutions remains a key earnings driver, while acquisitions and a new beet pricing model support future growth. EBIT guidance for the year is reaffirmed.
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First-half EBIT declined less than expected, leading to a raised full-year outlook for significantly higher EBIT, despite revenue dropping 9.1% year-over-year. Food and Beverage Solutions outperformed, while sugar and starch segments remained challenged.
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Q1 saw a sharp EBIT decline due to weak sugar and ethanol markets, with €18 million in restructuring costs for sugar site closures. Revenue fell 6.8% year-over-year, but net debt and equity ratio improved. Outlook is for stable EBIT and reduced revenue, with food and beverage solutions showing resilience.
Fiscal Year 2025
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Profitability declined sharply due to weak European demand and a collapse in sugar prices, with EBIT down 73% and revenue falling 7%. Strong free cash flow and cost-saving measures offset some impact, but outlook remains cautious with further losses expected in sugar.
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Revenue fell 8.1% to EUR 2.7 billion and EBIT dropped 65.8% amid weak European markets and sharp declines in sugar and starch prices. The Fruit segment outperformed, while restructuring and cost-saving initiatives are underway to address ongoing challenges.
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Revenue fell 5% and EBIT dropped 49% year-over-year, with strong fruit segment performance offset by significant declines in starch and sugar due to weak demand and price pressure. Floods impacted operations but are not expected to materially affect results. Full-year EBIT is forecast to be significantly lower, with sugar remaining the main challenge.
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Revenue and profitability declined in Q1 2024-2025, with sugar and starch under pressure, while fruit outperformed. Full-year EBIT is expected to drop by up to 50%, and investments focus on capacity and sustainability.