AGRANA reaffirms full-year forecast, with significant EBIT growth in 2021|22 financial year

AGRANA Beteiligungs-AG

Thursday, October 14, 2021

The Sugar segment’s revenue in the first half of 2021|22 was up slightly from one year earlier. This positive development was driven primarily by an increase in sugar selling prices. In the 2020 sugar campaign, AGRANA’s own production was below average due to insect pests, especially in Austria. The resulting higher volumes of sugar reselling and refining, with associated lower margins, were a key driver of the reduced Sugar EBIT performance in the first six months of 2021|22.

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