AGRANA (AGR) Q1 2027 earnings summary

Executive summary

• EBIT surged by 521.1% year-over-year to €35.4 million in Q1 2026/27, reflecting strong operational progress and efficiency gains despite a 2.8% revenue decline to €855.3 million.

• Consolidated profit for the period reached €19.3 million, reversing a €7.9 million loss in the prior year.

• Integration of AUSTRIA JUICE and Mercator-Emba acquisitions is progressing as planned, strengthening the Food & Beverage Solutions segment.

• Dividend of €0.35 per share approved for FY 2025/26, with a yield of 3.0% based on the February 2026 share price.

• The macroeconomic environment remains volatile, with energy and raw material price fluctuations impacting costs.

Financial highlights

• Revenue declined by 2.8% year-over-year to €855.3 million; EBIT margin improved to 4.1% from 0.6% year-over-year.

• Operating profit before exceptional items rose 29.2% to €33.2 million; net profit for the period was €19.3 million.

• Earnings per share improved to €0.31 from a loss of €0.16.

• Free cash flow dropped to €-80.4 million from €10.9 million year-over-year; net debt increased to €495.1 million.

• Equity ratio increased to 45.3% from 44.1%; gearing ratio rose to 43.9% from 39.2%.

Outlook and guidance

• Full-year EBIT forecast remains €70–90 million, with a very significant increase expected over the prior year.

• Group revenue projected to show a slight increase; cost-saving measures targeting up to €110 million in annual savings.

• Segment outlook: moderate revenue increase and EBIT reduction in Food & Beverage Solutions; stable revenue and significant EBIT growth in starch; slight revenue decline but strong EBIT improvement in sugar.

• Q2 EBIT is forecast to be significantly higher than the previous year’s Q2.

• Planned investment volume of €113 million, slightly above prior year but below depreciation.