Price pressure at sugar and the closures of two sugar factories in Austria and the Czech Republic significantly burdened the listed sugar group Agrana in the 2024/25 financial year. The result of the business activity (EBIT) in the sugar segment turned from plus 40.4 million euros to minus 91.1 million euros. The special influences in this business area amounted to minus 28.3 million euros, the fruit, starch and sugar group Agrana said on Friday.
Agrana turnover decreased by 7.2 percent to 3.5 billion euros. The group result that can be attributed to shareholders was minus 4.3 million euros, the year before the profit was still 64.9 million euros. The company put the company with 0.0.
Agrana boss: financial year “Disappointing on the result”
“The past financial year was disappointing for Agrana,” commented Agrana boss Stephan Büttner the current business figures. “A weak economy in Europe including recession in Austria and Germany and the still high volatility on the raw material and energy shopping page ensure a market environment that is less predictable than ever,” said the CEO. The operating result in the starch business area decreased by 37 percent to 31.9 million euros. The group founded the decline with the economic situation and flood damage.
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Source: Nachrichten
