AGRANA (AGR) Q2 2027 earnings summary

Executive summary

• H1 2026/27 revenue was €1,700.2m, broadly stable YoY; EBIT rose to €63.5m from €28.0m and profit for the period to €37.5m from €1.1m.

• Improved starch and sugar results drove the EBIT recovery, while strategic integration and efficiency work advanced amid crop, energy and geopolitical pressures.

Financial highlights

• H1 revenue was €1,700.2m vs €1,691.6m; EBITDA was €110.4m vs €106.1m, and operating profit before exceptional items and JV results was €57.4m vs €52.2m.

• EBIT was €63.5m vs €28.0m, with a 3.7% margin vs 1.7%; exceptional items were €1.2m vs -€20.8m and JV results were €4.9m vs -€3.4m.

• Profit for the period was €37.5m vs €1.1m; EPS was €0.60 vs -€0.05, and net financial expense improved to €12.3m from €19.7m.

• Q2 revenue was €844.9m vs €811.4m; EBIT was €28.1m vs €22.3m, and profit for the period was €18.3m vs €9.1m.

Outlook and guidance

• FY 2026/27 revenue is expected to increase slightly; EBIT guidance is €90m–€110m, very significantly above FY 2025/26 EBIT of €3.2m.

• Q3 EBIT is expected to be very significantly above the prior-year result of €20.4m.

• FBS revenue is forecast to rise moderately with a moderate EBIT decline; ACS-Starch revenue is expected steady with significantly higher EBIT; ACS-Sugar revenue is forecast moderately lower with very significantly improved EBIT.

• NEXT LEVEL targets up to €110m in sustained annual savings in FY 2026/27; guidance assumes secure energy and commodity supplies, no major disruption, and cost increases reflected in new contracts.