EANS-Adhoc: AGRANA Beteiligungs-AG / AGRANA delivers solid results

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annual report

12.05.2010

• Revenue eases by 1.8% despite growth in volumes • Operating profit
(before exceptional items) more than doubles from EUR 37.8 million
to EUR 91.9 million • Profit for the period of EUR 72.7 million
(prior year: loss of EUR 15.9 million) • Return on capital employed
of 6.9% (prior year: 2.8%) • Further reduction in net debt by EUR
93.5 million to EUR 376.6 million

2009|10 Change(%) 2008|09 Q4 Change(%) Q4
2009|10 2008|09
Revenue (EURm) 1,989.2 -1.8% 2,026.3 453.4 +5.2% 430.8
EBITDA (EURm) 176.2 +47.8% 119.2 37.5 +1.7% 36.9
Operating 91.9 +>100.0% 37.8 13.0 -28.2% 18.1
profit before
exceptional
items (EURm)
Operating 4.6% 1.9% 2.9% 4.2%
margin
Profit for the 72.7 +>100.0% (15.9) 14.9 +>100.0% 0.3
period (EURm)
Earnings per 5.08 +>100.0% (0.82) 1.05 +>100.0% 0.02
share (EUR)
Dividend per 1.95* 1.95
share (EUR)

* Proposal to the Annual General Meeting

The 2009|10 financial year brought solid results for AGRANA despite
the fact that the worldwide recession reached its climax in calendar
year 2009.

Segment results:

SUGAR SEGMENT Revenue 2009|10: EUR 684.1 million (prior year: EUR
702.5 million) EBIT 2009|10: EUR 15.2 million (prior year: EUR 15.8
million) In spite of volume growth in the Sugar segment, the quota
reduction led to a revenue decrease of 2.6%. The earnings situation
in the Sugar segment will improve again in the medium term through
the non-recurrence of the restructuring levies and as a result of
efficiency gains.

STARCH SEGMENT Revenue 2009|10: EUR 499.2 million (prior year: EUR
519.4 million) EBIT 2009|10: EUR 41.1 million (prior year: EUR 27.5
million) The very good operating profit was achieved despite the
price decline in principal products and co-products and the
accompanying revenue decrease of 4%. The bioethanol business recorded
growth in revenue thanks to the full utilisation of the bioethanol
capacity in Austria and Hungary, and with the start-up years behind
it, it is now profitable.

FRUIT SEGMENT Revenue 2009|10: EUR 805.9 million (prior year: EUR
804.4 million) EBIT 2009|10: EUR 35.7 million (prior year: loss of
EUR 5.5 million) The stabilisation in revenue and earnings was
achieved by streamlining the production of fruit preparations and
through good sales in the USA, Asia, Australia and the Eastern
European countries. In fruit juice concentrates, AGRANA made up for
the significantly lower purchase prices by selling larger quantities.

For the 2010|11 financial year, AGRANA´s top goal is to further
improve profitability through organisational optimisations that will
yield long-term benefits. AGRANA currently expects Group revenue to
remain steady compared with 2009|10 and sees operating profit before
exceptional items rising beyond the prior-year level. "We plan not
only to defend our market position but to continually expand it where
opportunities present themselves, through organic growth as well as
by tapping new markets," comments AGRANA Chief Executive Officer
Johann Marihart.

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