AGRANA (AGR) investor relations material

Executive summary

• The company is progressing with its NEXT LEVEL strategy and is on track to meet 2025/26 financial targets, with Q3 EBIT rising significantly and stable nine-month results despite €20.4 million in extraordinary sugar restructuring expenses.

• Food & Beverage Solutions delivered strong earnings, stabilizing group EBIT and offsetting weaker results in Starch and Sugar.

• Operative performance in sugar remains negative but improved due to restructuring and cost savings, including site closures in Austria and the Czech Republic.

• Strategic acquisitions included the full purchase of AUSTRIA JUICE GmbH and the acquisition of Mercator-Emba, pending antitrust approval.

• Management Board changes: Norbert Harringer stepped down; Franz Ennser appointed as COO.

Financial highlights

• Revenue for the first three quarters was €2.494 billion, down 7.9% year-over-year.

• EBIT for Q1-3 was €48.4 million, a 5.3% decrease year-over-year.

• Free cash flow was €76 million, compared to €87.8 million in the prior year.

• Net debt increased to €470.3 million, with a gearing ratio of 42.4%.

• Equity ratio declined to 43.9% from 45.4%.

Outlook and guidance

• Full-year EBIT is forecast to significantly increase to €45–60 million, despite a moderate reduction in revenue.

• Food & Beverage Solutions expects slight increases in both revenue and EBIT; Starch segment projects a slight revenue reduction and significant EBIT decline.

• Sugar segment anticipates a significant revenue drop but a notable EBIT improvement, though still negative.

• Group investment for the year is expected to be about €100 million, below both the prior year and depreciation.

• Sustainable annual savings of up to €60 million targeted.