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AGRANA Beteiligungs-AG
Management Reports • Mar 23, 2022
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Ad-hoc | 23 March 2022 12:22
AGRANA Beteiligungs-Aktiengesellschaft: AGRANA anticipates need for impairment charges due to the war in Ukraine
AGRANA Beteiligungs-Aktiengesellschaft / Key word(s): Profit Warning
AGRANA Beteiligungs-Aktiengesellschaft: AGRANA anticipates need for impairment charges due to the war in Ukraine
23-March-2022 / 12:22 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by EQS – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Provisional consolidated EBIT 2021|22 prior to war-related extraordinary items forecast to be around € 95.5 million
The AGRANA Group previously anticipated EBIT in the 2021|22 financial year (1 March 2021 to 28 February 2022) to amount to at least € 86.6 million (guidance: a significant increase of at least 10 % compared to the prior year). On the basis of provisional, unaudited figures, the Group would generate EBIT prior to extraordinary items associated with the Ukraine war of around € 95.5 million (EBIT 2020|21: € 78.7 million). Group revenue will amount to around € 2.9 billion (2020|21: € 2,547.0 million).
The outbreak of the war in Ukraine on 24 February 2022 represents a relevant event for AGRANA as at the balance sheet date of 28 February 2022. Based on the current status of internal impairment testing, Management currently anticipates a largely non-cash impact on EBIT related to asset and goodwill impairments in a range of € 65 million to € 85 million. The consolidated audit performed by the appointed auditors is presently ongoing at the level of AGRANA Beteiligungs-AG. It is therefore not possible at this point in time to exactly define the actual scope of the impairments necessary.
The 2021|22 annual report will be published as planned on 13 May 2022.
This announcement is available in German and English at www.agrana.com .
23-March-2022 CET/CEST News transmitted by EQS Group AG. www.eqs.com
| Language: | English |
| Company: | AGRANA Beteiligungs-Aktiengesellschaft |
| F.-W.-Raiffeisen-Platz 1 | |
| A-1020 Wien | |
| Austria | |
| Phone: | +43-1-21137-0 |
| Fax: | +43-1-21137-12926 |
| E-mail: | [email protected] |
| Internet: | www.agrana.com |
| ISIN: | AT000AGRANA3 |
| WKN: | A2NB37 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange (Official Market) |
| EQS News ID: | 1309837 |
| End of Announcement | EQS News Service |