Sugar and starch company Agrana has reported a rise of 3.5% in revenue in the first quarter ended 31 May at €282.1m, it said today (Friday), but lower prices and high exports meant a fall in operating profit.


The rise in revenues reflected rapid growth in the group’s specialities segment, where the newly acquired Wink und Steirerobst groups were accounted for as consolidated members of the group, having not been included in the scope of consolidation in the same period of the previous financial year, the company said 


Because of lower sugar prices and high but less profitable sugar exports, the group’s first-quarter profit from operating activities was below the previous year’s excellent figure of €19.3m at €18.4m.  Its first-quarter consolidated earnings came to € 13.7m (Q1 2004/05: €14.0m).

Just Food Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Just Food Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now