EANS-Adhoc: AGRANA Beteiligungs-AG / Significant earnings improvement in the first quarter of 2009|10

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3-month report

15.07.2009

In the first quarter of 2009|10, AGRANA, the sugar, starch and fruit
group, achieved revenue growth of EUR 11.1 million or 2.2% to EUR
506.2 million (prior year: EUR 495.1 million). Operating profit after
exceptional items improved by 27.4% from EUR 15.7 million to EUR 20.0
million and profit before tax grew to EUR 21.0 million (from EUR 11.6
million in the first quarter of the prior year) thanks to a
combination of higher profits and exchange rate effects.

"After the prior year's upheaval in raw material markets and exchange
rates as well as high energy prices, AGRANA's business in the first
quarter of 2009|10, as expected, unfolded in a significantly more
stable environment again. The good results in Starch thanks to lower
raw material and energy prices outweighed the slightly weaker
earnings situation in the Sugar and Fruit segments," comments AGRANA
Chief Executive Officer Johann Marihart on the business performance.

The Fruit segment generated the largest revenue share of 40.5%,
followed by the Sugar segment with 34.7% and the Starch segment with
24.8% of Group revenue.

AGRANA - IFRS results for the first quarter (ended 31 May)

Q1 Q1
2009|10 2008|09
Revenue EURm 506.2 495.1
Operating profit before EURm 20.0 18.0
exceptional items
Exceptional item: EURm 0 (2.3)
Bioethanol
Operating profit after EURm 20.0 15.7
exceptional items
Profit before tax EURm 21.0 11.6
Profit for the period EURm 16.7 7.4
Earnings per share EUR 1.19 0.56
Staff count 7,989 8,406

The foreign exchange losses incurred but unrealised in the last
financial year as a result of the declines in some Eastern European
currencies were partly recouped through currency gains in the first
quarter of 2009|10. This and a lower-cost financing mix, combined
with falling interest rates, led to positive net financial items of
EUR 1.0 million (up from a net financial items expense of EUR 4.1
million). The Group's profit for the period increased to EUR 16.7
million (from EUR 7.4 million in Q1 2008|09). Earnings per share were
EUR 1.19, compared to EUR 0.56 one year earlier.

Revenue by segment

EURm Q1 2009|10 Q1 2008|09
Sugar segment 175.5 170.6
Starch segment 125.5 114.8
Fruit segment 205.2 209.7
AGRANA Group revenue 506.2 495.1

Sugar segment

Despite a reduced sugar quota, segment revenue improved to EUR 175.5
million (Q1 2008|09: EUR 170.6 million) thanks to higher sales of
non-quota sugar. Owing to non-recurring higher expenses in the
holding company, the operating profit of EUR 3.9 million before
exceptional items did not reach the year-earlier level of EUR 5.6
million.

Starch segment The Starch segment generated revenue of EUR 125.5
million (Q1 2008|09: EUR 114.8 million) in the first three months.
The main driver of this growth was the inclusion of bioethanol sales
from the plant in Pischelsdorf, Austria, which had not yet been in
operation in the year-earlier quarter. Operating profit before
exceptional items rose to EUR 11.1 million (Q1 2008|09: EUR 4.2
million) in the Starch segment.

Fruit segment In the Fruit segment, fruit preparations showed an
almost level performance year-on-year in the quarter both in volumes
and prices, while the concentrate business reflected the significant
reduction in selling prices of apple juice concentrate. Fruit segment
revenue therefore eased to EUR 205.2 million (Q1 2008|09: EUR 209.7).
Operating profit before exceptional items decreased to EUR 5.0
million (Q1 2008|09: EUR 8.3 million).

Outlook The environment for the business performance of the AGRANA
Group going forward has not changed materially since the beginning of
the financial year. For the full year 2009|10 AGRANA therefore
continues to expect Group revenue at the prior-year level, and a
significant recovery in operating profit before exceptional items
compared with last year's sharply depressed result.

In the Sugar segment, the key factors governing a profit improvement
will be the extent of the reduction in energy prices, the further
enhancement of the production cost structure and the elimination of
the restructuring levy for the new sugar production beginning in
autumn 2009.

In the Starch segment, AGRANA plans to make up for the expected
macroeconomically driven revenue decrease in industrial starch
products by full utilisation of the bioethanol capacity in Austria
and Hungary.

In the Fruit segment, slight revenue growth is expected despite a
business environment marked by restrained demand. In fruit juice
concentrates, prices are likely to remain low unless there are
weather-induced crop losses.

This press release and the report on the first quarter of 2009|10 are
available in German and English on the Internet at www.agrana.com.

end of announcement euro adhoc
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ots Originaltext: AGRANA Beteiligungs-AG
Im Internet recherchierbar: http://www.presseportal.de

Further inquiry note:

Investor Realtions:

Mag. Maria Fally

Tel.: 01-21137-12905

maria.fally@agrana.com

Public Relations:

Mag. Ulrike Pichler

Tel.: 01-21137-12084

ulrike.pichler@agrana.com

Branche: Food
ISIN: AT0000603709
WKN: 779535
Index: WBI, ATX Prime
Börsen: Berlin / Präsenzhandel
Frankfurt / Präsenzhandel
Stuttgart / Präsenzhandel
Wien / official market