AGRANA Beteiligungs-AG Announces Consolidated Earnings Results for the Third Quarter and First Nine Months Ended November 30, 2016; Provides Earnings Guidance for the Full Year of Fiscal 2017
January 12, 2017 at 02:32 am EST
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AGRANA Beteiligungs-AG announced consolidated earnings results for the third quarter and first nine months ended November 30, 2016. For the first nine months, the company announced revenue was EUR 1,976.5 million compared to EUR 1,908.0 million for the same period a year ago. EBITDA was EUR 183.9 million compared to EUR 154.1 million for the same period a year ago. Operating profit was EUR 121.6 million compared to EUR 90.8 million for the same period a year ago. Operating profit (EBIT) was EUR 137.7 million compared to EUR 108.8 million for the same period a year ago. Profit for the period was EUR 95.2 million compared to EUR 81.2 million for the same period a year ago. Earnings per share attributable to the company shareholders increased to EUR 6.29 compared to EUR 4.97 for the same period a year ago. Net debt at 30 November 2016 was EUR 382.0 million, or EUR 23.8 million less than the same period last year.
For the quarter, the company announced revenue was EUR 647.2 million compared to EUR 644.5 million for the same period a year ago. EBITDA was EUR 69.7 million compared to EUR 61.0 million for the same period a year ago. Operating profit was EUR 43.3 million compared to EUR 32.8 million for the same period a year ago. Operating profit (EBIT) was EUR 47.3 million compared to EUR 40.1 million for the same period a year ago. Profit for the period was EUR 32.6 million compared to EUR 26.9 million for the same period a year ago.
The company provided earnings guidance for the full year of fiscal 2017. For the full year of fiscal 2017, the company continues to expect a moderate increase in group revenue and a significant improvement in EBIT. The groups capital investment of EUR 126 million will again be markedly higher than depreciation of about EUR 85 million.
AGRANA Beteiligungs AG (AGRANA) is an Austria-based company that processes agricultural raw materials. The Company manufactures foods and intermediate products for the downstream food industry, as well as for non-food applications. It operates through three segments: Sugar, Starch and Fruit. The products of the Sugar segment are marketed both directly to consumers through food retailers and to the sugar industry. In the Starch segment, the Company processes and refines mainly corn (maize) and potatoes into starch products. The Fruit segment develops and produces fruit preparations (fruit ingredients) and fruit juice concentrates. The Company operates over 50 production sites globally. The Company's subsidiaries include AGRANA Zucker GmbH, AGRANA Starke GmbH, AGRANA Marketing-und Vertriebsservice Gesellschaft mbH, AGRANA Bioethanol GmbH and Main Process SA, among others. The Company also manufactures animal feed and fertilizers.
AGRANA Beteiligungs-AG Announces Consolidated Earnings Results for the Third Quarter and First Nine Months Ended November 30, 2016; Provides Earnings Guidance for the Full Year of Fiscal 2017
AGRANA BETEILIGUNGS-AG 
