AGRANA Beteiligungs-AG

Earnings Release • Oct 13, 2003

News Details

Ad-hoc | 13 October 2003 07:47

Agrana Beteiligungs-AG english

AGRANA – Results for Half-Year ended 31 August 2003 Ad-hoc-announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. ——————————————————————————– AGRANA developed satisfactorily during the second quarter of the current group financial year lasting from 1 June through 31 August 2003. Comparability of the whole of the first half of the financial year (1 March through 31 August 2003) with the same period of 2002/03 is limited by the fact that two extra months (January and February) were added to the 2002/03 financial years of the AGRANA International subsidiaries following the change in their balance-sheet dates. Sales revenues during the second quarter of this financial year were EUR 16 million or 7 per cent up on the same period of 2002. Revenues during the first half of the 2003/04 financial year (1 March through 31 August) were EUR 36.4 million or 7.8 per cent down on 2002/03 at EUR 429.8 million. Based on genuinely comparable periods, revenues increased by EUR 3.9 million or 1 per cent. Operating profit during the first half of 2003/04 came to EUR 38.0 million, which was EUR 11.5 million down on the first half of the 2002/03 financial year and EUR 8.4 million down on the same period of 2002 (March through August). The reduction was attributable to developments within the AGRANA International subsidiaries, whose markets performed less well than during the first half of the previous financial year in both quantity and price terms. Figures for the first half of the current financial year and the first half of 2003/04: AGRANA,s Performance (1 March -31 August) in EURmn 1st Half 2003/04 1st Half 2002/03 Revenues 429.8 466.2 Operating profit 38.0 49.6 Profit before tax 36.5 49.6 Consolidated profit (after allowing for minority interests) 25.3 31.9 Investments in tangible non-current assets (full year) 51.8 (planned) 49.7 (planned) Investments in tangible non-current assets (1st Half) 16.2 18.4 Staff 3,638 3,671 The Semi-Annual Report is also available in the Internet at www.agrana.com. end of ad-hoc-announcement (c)DGAP 13.10.2003 ——————————————————————————– WKN: 060370; ISIN: AT0000603709; Index: Listed: Amtlicher Handel in Wien 130747 Okt 03