Auga Group (AUG1L) Q4 2024 earnings summary

Executive summary

• 2024 was marked by a major restructuring involving 18 Group companies, with significant impairments and reclassification of debts and assets due to ongoing negotiations and court rulings.

• Group income from continuing operations rose to EUR 85.6 million from EUR 77.4 million year-over-year, but losses from continuing operations remained similar (EUR 26.9 million in 2024 vs. EUR 26.3 million in 2023).

Financial highlights

• Sales revenue increased to EUR 85.4 million in 2024 from EUR 77.4 million in 2023.

• Net loss for the year was EUR 26.9 million, compared to EUR 18.4 million in 2023 (which included discontinued operations profit).

• Cost of sales rose to EUR 78.0 million from EUR 70.9 million year-over-year.

• Basic and diluted loss per share was EUR 0.12, compared to EUR 0.08 in 2023.

Outlook and guidance

• Favorable autumn weather and timely land preparation have positioned the Group optimistically for the 2024/2025 harvest, with 21,000 ha of winter crops sown and good crop conditions reported.

• The Group expects the mild winter to have no negative impact on the upcoming harvest.