Earnings Release • Apr 22, 2020
Earnings Release
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Disclosed inside information pursuant to article 17 Market Abuse Regulation (MAR) transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is responsible for the content of this announcement.
AGRANA achieves far stronger consolidated EBIT in 2019|20; outlook for 2020|21 prior to COVID-19
Dividend Announcements/Distribution/Earnings Forecast 22.04.2020
Vienna - The Management Board of AGRANA Beteiligungs-AG has today decided to propose a dividend payout in the amount of EUR 0.77 per share for the 2019|20 financial year (dividend for 2018|19: EUR 1.00 per share) to the 33rd Annual General Meeting to be held on 3 July 2020.
AGRANA remains essentially committed to a predictable, reliable and transparent dividend policy that is geared to continuity. The dividend is guided by earnings as well as cash flow and the debt position of the Group in the past financial year, but also takes into account current events and forecasts of future business development.
According to preliminary figures, AGRANA achieved an operating result (EBIT) as forecast of EUR 87.1 million in its 2019|20 financial year (1 March 2019 to 29 February 2020), significantly higher than that of the prior year (2018|19: EUR 66.6 million). Group revenue amounted to EUR 2,480.7 million (2018|19: EUR 2,443.0 million).
As at 22 April 2020, the guidance for the 2020|21 financial year is subject to the currently unforeseeable business and financial impacts, as well as the duration, of the COVID-19 pandemic. In view of the dynamic nature of the pandemic, assumptions about its economic and financial impacts would be largely speculative. On the basis of the forecasts prepared before the incidence of COVID-19, the AGRANA Group anticipated a significant increase (of between ten and 50 percent) in consolidated EBIT. Although negative impacts of COVID-19 are expected on revenue and EBIT in all segments, it is not yet possible to sufficiently quantify these.
The publication of the Annual Report 2019|20, in addition to all of the details relating to the annual results for 2019|20 and the outlook for 2020|21, will take place as scheduled on 7 May 2020.
This press release is available in German and English at www.agrana.com [http:// www.agrana.com/].
Further inquiry note: AGRANA Beteiligungs-AG Mr. Hannes Haider Investor Relations Phone: +43-1-211 37-12905 E-mail: [email protected]
Mr. Markus Simak Public Relations Phone: +43-1-211 37-12084 E-mail: [email protected]
end of announcement euro adhoc
| issuer: | AGRANA Beteiligungs-AG |
|---|---|
| F.-W.-Raiffeisen-Platz 1 |
|
| A-1020 Wien | |
| phone: | +43-1-21137-0 |
| FAX: | +43-1-21137-12926 |
| mail: | [email protected] |
| WWW: | www.agrana.com |
| ISIN: | AT000AGRANA3 |
| indexes: | WBI |
| stockmarkets: Stuttgart, Berlin, Wien, Frankfurt | |
| language: | English |
Aussendung übermittelt durch euro adhoc The European Investor Relations Service
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