AGRANA Beteiligungs-AG

Earnings Release • Oct 11, 2002

News Details

Ad-hoc | 11 October 2002 07:59

Agrana Beteiligungs-AG english

Agrana reports successful half-year ended 31 august 2002 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– Revenues, operating profit, profit before tax and consolidated profit were all substantially up on the same period of last year. AGRANA’s Performance (1 March – 31 August) E mn 1st Half 2002/03 1st Half 2001/02 +/(-) Change E mn Revenues 466.2 . 403.4 62.8 Operating profit 49.6 27.0 22.6 Profit before tax 49.6 21.9 27.7 Consolidated profit 31.9 14.6 17.3 Investments in tangible non-current assets full year (planned) 49.7 23.0 26.7 H1 18.4 18.3 0.1 Staff 3,671 4,219 (548) Outlook for the 2002/03 financial year In the light of the current figures, we expect our consolidated revenues during 2002/03 to be slightly up on last year’s total of EUR 843 million at approximately EUR 855 million. Pressure on prices during H2 will make it hard to sustain the same level of profitability as was achieved during H1. That notwithstanding, thanks to our good first half, we still expect profit for the year to be roughly 10 per cent up on 2001/02. The Semi-Annual Report is available in the Internet at http://www.agrana.com . end of ad-hoc-announcement (c)DGAP 11.10.2002 ——————————————————————————– WKN: 060373; ISIN: AT0000603733; Index: Listed: Amtlicher Handel in Wien; Freiverkehr in Frankfurt und Stuttgart 110759 Okt 02