AGRANA: Results for the first three quarters of 2021|22

Agrana

Thursday, January 13, 2022

The Sugar segment’s revenue in the first three quarters of 2021|22 grew to € 492.7 million, up 8.8% from one year earlier. In addition to renewed high sales volumes with resellers, there was also a recovery in the industrial customer segment, where more sugar was sold than in the same period last year. While the EBIT result in the first three quarters of 2021|22 was better than in the year-ago period, it remained negative at the nine-month mark, at a deficit of € 13.7 million. This still reflected the fact that AGRANA’s own sugar production had been below average after the pest-related small 2020 harvest, with a resulting lower margin from the necessary compensatory reselling and refining of sugar.

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