AGRANA has strong operating performance in first three quarters

AGRANA

Thursday, January 12, 2023

The Sugar segment’s revenue in the first three quarters was € 659.8 million, up 33.9% from one year earlier. Both higher sugar selling prices and increased sugar sales volumes led to this growth. Sugar EBIT of € 34.7 million marked a pronounced improvement from the double-digit loss of the year-earlier period. This very positive trajectory was attributable to significantly improved margins thanks to the favourable sales price environment and disciplined cost management. Given the upward trend in sugar prices, AGRANA expects beet prices to be attractive to farmers in the next crop year as well.

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