According to preliminary figures, Agrana has achieved an operating result (EBIT) of €32.0mn in the first quarter of 2020/21 (March-May 2020), slightly above the €30.9mn figure for 1Q-2019/20. Preliminary consolidated revenues amounted to €652.6mn in the first three months as against €638.4mn in the comparative period a year before. Agrana said the 3.6% rise in the operating result is attributable to a much improved development of earnings in the Sugar segment during the period under review. The result in the Starch segment was lower due to ethanol prices and in the Fruit segment as a consequence of the weaker development of earnings for fruit juice concentrates.
On the basis of the forecasts prepared before the incidence of Covid-19, the Agrana Group anticipated a significant increase in consolidated EBIT for full year 2020/21.