Q1 2025 Agrana Beteiligungs AG Earnings Call Transcript
Key Points
- The Food segment performed better than expected, with a notable 25% increase in the fruit preparations business.
- Positive contracting results last winter indicate sufficient raw material availability for the upcoming beet campaign.
- Good crop forecasts in the European Union and favorable precipitation conditions suggest strong harvests for key agricultural raw materials like corn and wheat.
- Energy costs have decreased significantly, moving closer to pre-Ukrainian war levels.
- The company remains on track to achieve its sustainability targets and is implementing new European Union sustainability reporting standards.
- Revenue decreased by 2.3%, with significant declines in EBITDA and operating profit.
- The sugar segment is under pressure due to lower prices and increased competition from Ukrainian imports.
- The Starch segment experienced a significant decline in revenue and is facing margin pressure.
- The EBIT for the sugar segment was negative, primarily due to higher supply versus demand and pressure on world market prices.
- The company expects a significant decrease in EBIT for the full financial year, with a projected drop of around 50%.
Good morning, ladies and gentlemen, and welcome to Agrana's conference call. Presenting our results for the first quarter '24/'25. With us today are two out of three members of our Management Board. Stephan Buettner, CEO, will start the presentation with an overview on the highlights of the first quarter.
Afterwards towards CTO, Norbert Harringer, who will tell you what is going on in the group regarding raw materials, production investment, and he will report also on the group used to news and in the third part of the call CEO, Buettner will report on the condensed Q1 financial statements in detail.
And finally, we will conclude with an outlook for the remaining '24/'25 full financial year as announced in our invitation. A presentation is available in the reference to this call, and you can find it in the IR section of our website. The presentation will take about 30 minutes and after the presentation, the lines will be opened and the Management Board will be glad to answer your questions.
And now I may pass over to
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