The fruit, starch and sugar group AGRANA has extended its presence in the African market by acquiring 49% of the shares in Elafruits SPA, an Algerian producer of fruit preparations. Located in Akbou, around 200 km east of Algiers, this company with a workforce of around 100…
Group guidance for the full year confirmedIn the first quarter of 2018|19 (1 March to 31 May 2018), AGRANA’s operating profit (EBIT) amounted to € 37.0 million (Q1 2017|18: € 69.8 million). The significant decline was due to lower selling prices for sugar and isoglucose as…
Operating profit (EBIT) up across all segments; Outlook: significant reduction in EBIT ahead Revenue: € 2,566.3 million (up 0.2%; prior year: € 2,561.3 million) Operating profit (EBIT): € 190.6 million (up 10.6%; prior year: € 172.4 million) All segments contributed to the…
AGRANA Beteiligungs-AG and Agri Europe Cyprus Ltd., Limassol|Cyprus, today agreed to place the negotiations on the acquisition of the Serbian sugar company Sunoko d.o.o., Novi Sad|Serbia, on hold. The reason behind this is the challenging European sugar market environment.Do…
AGRANA achieves higher consolidated EBIT in 2017|18; weaker outlook for 2018|19
Wheat starch production to double with a second processing line
In the first three quarters of the 2017|18 financial year, AGRANA Beteiligungs-AG achieved slight year-on-year growth of 2.2% in Group revenue to € 2,010.6 million (Q1-Q3 prior year: € 1,967.5 million). Profit for the period rose to € 171.6 million, an increase of 24.6% from the…
At around 08:00 this morning, an accident occurred at the corn starch mill in Aschach an der Donau as a result of an operator error which triggered a chemical reaction and the release of chlorine gas. This caused 37 people on the site to experience respiratory problems.After…
AGRANA, the Sugar, Starch and Fruit manufacturer, is delivering compelling results for the first half of the 2017|18 financial year.
Today, AGRANA opened a new facility at its corn starch mill in Aschach an der Donau in Upper Austria. Following the investment of around EUR 80 million, AGRANA has increased its processing capacity at the plant by a third to 540,000 tonnes of corn per year. The additional…
