Agrana Increases Annual Guidance after Strong First Quarter

Industrials › Basic Resources ♦ Published: June 22, 2011; 10:55 ♦ (Vindobona)

The Austrian sugar, starch and fruit company expects significant improvement in results in the financial year 2011/12. Revenue increased by 13% in the first three months.

Agrana Increases Annual Guidance after Strong First Quarter / Picture: © Vindobona.org

In the first quarter of its 2011/12 financial year, Agrana boosted its pre-exceptionals operating profit from around € 34m to approximately € 62m.

The company announced that all three segments, Sugar, Starch and Fruit, contributed to this positive earnings development. On the one hand, the optimization program initiated in the prior years had a positive impact on the…

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