AGRANA Beteiligungs-AG Announces Consolidated Earnings Results for the Third Quarter and First Nine Months Ended November 30, 2017; Provides Earnings Guidance for the Full Year of Fiscal 2018
January 11, 2018
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AGRANA Beteiligungs-AG announced consolidated earnings results for the third quarter and nine months ended November 30, 2017. For the quarter, the company announced revenue was EUR 648.5 million compared to EUR 647.2 million for the same period a year ago. EBITDA was EUR 64.2 million compared to EUR 69.7 million for the same period a year ago. Operating profit before exceptional items and results of equity accounted joint ventures was EUR 43.3 million compared to EUR 36.0 million for the same period a year ago. Operating profit (EBIT) was EUR 41.0 million compared to EUR 47.3 million for the same period a year ago. Profit for the period was EUR 30.3 million compared to EUR 32.6 million for the same period a year ago.
For the nine months, the company announced revenue was EUR 2,010.6 million compared to EUR 1,967.5 million for the same period a year ago. EBITDA was EUR 213.8 million compared to EUR 183.9 million for the same period a year ago. Operating profit before exceptional items and results of equity accounted joint ventures was EUR 149.4 million compared to EUR 121.6 million for the same period a year ago. Operating profit (EBIT) was EUR 171.6 million compared to EUR 137.7 million for the same period a year ago. Profit for the period was EUR 127.6 million compared to EUR 95.2 million for the same period a year ago. Earnings per share attributable to the company shareholders increased to EUR 7.98 compared to EUR 6.29 for the same period a year ago. Net debt at 30 November 2017 was EUR 226.0 million, was down EUR 13.9 million from the same period last year.
The company provided earnings guidance for the full year of fiscal 2018. For the full year of fiscal 2018, the company expects a slight increase in the group's revenue and a significant improvement in EBIT. In the 2017|18 financial year the company group intends to invest a total of about 140 million.
AGRANA Beteiligungs AG (AGRANA) is an Austria-based company that processes agricultural raw materials. The Company manufactures foods and intermediate products for the downstream food industry, as well as for non-food applications. It operates through three segments: Sugar, Starch and Fruit. The products of the Sugar segment are marketed both directly to consumers through food retailers and to the sugar industry. In the Starch segment, the Company processes and refines mainly corn (maize) and potatoes into starch products. The Fruit segment develops and produces fruit preparations (fruit ingredients) and fruit juice concentrates. The Company operates over 50 production sites globally. The Company's subsidiaries include AGRANA Zucker GmbH, AGRANA Starke GmbH, AGRANA Marketing-und Vertriebsservice Gesellschaft mbH, AGRANA Bioethanol GmbH and Main Process SA, among others. The Company also manufactures animal feed and fertilizers.
AGRANA Beteiligungs-AG Announces Consolidated Earnings Results for the Third Quarter and First Nine Months Ended November 30, 2017; Provides Earnings Guidance for the Full Year of Fiscal 2018
AGRANA BETEILIGUNGS-AG 
