AGRANA Beteiligungs-AG

Earnings Release • Apr 19, 2005

News Details

Ad-hoc | 19 April 2005 07:49

AGRANA Beteiligungs-AG: AGRANA – Provisional Full-Year Results for 2004/05

Ad hoc announcement AGRANA Beteiligungs-AG: AGRANA – Provisional Full-Year Results for 2004/05 Ad hoc announcement transmitted by DGAP. The issuer is solely responsible for the content of this announcement. —————————————————————————— The AGRANA Group closed its 2004/05 financial year with year-on-year increases in sales revenues and profits. Sales revenues grew by 13.2 per cent to EUR 981.0 million, profit from operating activities was 18.2 per cent up on the year at EUR 90.8 million and consolidated earnings for the year advanced by 41.4 per cent to EUR 79.9 million. AGRANA’s provisional figures for the financial year ended 28 February 2005 are as follows: 2004/05 2003/04 + (-) EURmn EURmn EURmn % Sales revenues 981.0 866.4 114.6 13.2 Profit from operating activities 90.8 76.8 14.0 18.2 Profit before tax 93.2 70.7 22.5 31.8 Consolidated earnings 79.9 56.5 23.4 41.4 Steirerobst AG – in which AGRANA holds a 50.8 per cent stake indirectly by way of Steirische Agrarbeteiligungsgesellschaft m.b.H. – was consolidated for the first time as of the second quarter of the 2004/05 financial year. Although sales revenues grew by 13.2 per cent overall during the financial year, weaker sales of sugar and starch products in all our national markets during the fourth quarter of the financial year meant that did not quite achieve the revenues target of EUR 996 million that we still thought possible at the end of the third quarter. Nonetheless, profit from operating activities, profit before tax and consolidated earnings all exceeded our expectations. As a result, AGRANA can report its best full-year result since being founded in 1988. The Annual Report and AGRANA’s final results will be announced at the Press Conference held to present the Balance Sheet on 13 May 2005. This Press Release is also available at http://www.agrana.com . AGRANA Beteiligungs-AG Donau-City-Straße 9 (Strabag-Haus) 1220 Wien Austria ISIN: AT0000603709 WKN: 060370 Listed: Amtlicher Handel in Wien End of ad hoc announcement (c)DGAP 19.04.2005 190749 Apr 05