AGRANA announced earnings results for first quarter of 2020. For the quarter, revenue was EUR 638.4 million against EUR 630.3 million a year ago. Operating profit was EUR 30.9 against EUR 37.0 million a year ago. Profit for the period was EUR 18.3 million against EUR 25.3 million a year ago.

For the fiscal year 2020, the company expects a significant increase in the Group's EBIT for the 2020 fiscal year despite the continuing major challenges in the Sugar segment. Group revenue is projected to show moderate growth.