The reasons were higher raw material prices, which weighed on the results in the starch segment, as well as lower sales in the sugar segment. In contrast, sales increased slightly. The outlook for the full year was confirmed.
“Although the current financial year is again very volatile due to the pandemic and the Covid-19 pandemic is not over yet, we expect a significant increase in earnings for the full year 2021/22 compared to 2020/21,” said the new Agrana boss Markus Mühleisen, according to a broadcast on Thursday . Mühleisen anticipates a recovery in the fruit juice concentrate business, rising sugar prices and better market demand in the starch segment.
In the first quarter, sales rose by 8.2 percent to EUR 705.8 million. The operating result (EBIT) fell by around a third from EUR 32.0 million to EUR 20.9 million. The group result came in at EUR 12.1 million, which is a minus of 37 percent compared to the 1st quarter of the 2020/21 financial year.
Jane Stock is a technology author, who has written for 24 Hours World. She writes about the latest in technology news and trends, and is always on the lookout for new and innovative ways to improve his audience’s experience.
