AGRANA (AGR) Q4 2026 earnings summary

Executive summary

• Operating profit rose to €81.2 million from €76.5 million year-over-year, despite a challenging environment with volatile commodity markets, inflation, and geopolitical crises.

• Revenue declined by 7.9% year-over-year to €3,237.3 million, mainly due to a €250 million drop in the Sugar segment.

• EBIT dropped sharply to €3.2 million from €40.5 million, mainly due to exceptional items totaling €74.1 million, including a €46 million impairment in the Sugar segment.

• Net loss for the period was €35.6 million, with a loss per share of €0.64.

• Major structural changes included the closure of two sugar plants, acquisition of AUSTRIA JUICE and Mercator-Emba, and restructuring into two core business areas.

Financial highlights

• Revenue: €3,237.3 million, down nearly 8% year-over-year.

• EBITDA: €194.8 million; Operating profit: €81.2 million.

• Exceptional items: €74.1 million, more than double the prior year.

• EBIT: €3.2 million; Net loss: €35.6 million.

• Dividend proposal: €0.35 per share (3% yield), half of the previous year.

Outlook and guidance

• EBIT for 2026/27 expected between €70–90 million, with slight revenue growth projected.

• Food & Beverage Solutions: moderate revenue increase, moderate EBIT reduction due to Hungarian apple frost.

• Starch: stable revenue, significant EBIT increase expected.

• Sugar: slight revenue decline, significant EBIT improvement anticipated.

• Ongoing savings program targets €110 million annual impact by end of 2026/27.

• First quarter 2026/27 EBIT expected to be significantly better due to absence of restructuring costs.