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SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

PRESS RELEASE : Sugar beet campaign: AGRANA starts its processing season in Austria - IMAGE

10/01/2021 | 04:11am EST
  Corporate news transmitted by euro adhoc with the aim of a Europe-wide 
  distribution. The issuer is responsible for the content of this announcement. 
Good planting conditions for 2022 / contracting from October 
Company Information 
Vienna - Yesterday, AGRANA started the 2021 sugar beet processing campaign at 
its sugar refinery in Tulln (Lower Austria). The plant in Leopoldsdorf in the 
Marchfeld region (Lower Austria) will commence sugar beet processing on 2nd 
October. The other AGRANA sugar refineries in Sered (Slovakia), Opava (Czech 
Republic) and Roman (Romania) already began processing beet in mid-September and 
the sites in Hrusovany (Czech Republic) and Kaposvár (Hungary) will be launching 
their campaigns next week. 
This year, 38,600 hectares of sugar beet were planted in Austria. The cold and 
moist weather conditions in spring were very favourable for sugar beet growing. 
Since the sowing in April, there have been no notable infestations of the young 
plants with weevils and hardly any replanting scenarios due to pest damage 
compared to the last two years. 
As a result of the favourable weather conditions during the growing season, with 
rain in August and sufficient hours of sunshine in September, AGRANA anticipates 
slightly higher sugar contents than in the prior years and an average harvest. 
Beet yields this year are expected to be between 78 and 80 metric tons per 
hectare (prior year: 80 tons per hectare). In the prior year, AGRANA produced 
around 285,000 metric tons of sugar from 2.1 million metric tons of sugar beet 
in Austria. 
The sugar beet campaign in Austria will last around 120 days and is expected to 
finish at the end of January. 
Less pest-related damage - good growing conditions for 2022 
The cool, moist weather in the spring not only led to less pest-related damage 
but also reduced the number of eggs laid by beet weevils. As a result, the 
consistent precipitation over the course of the growing period inhibited the 
formation of larvae. The situation with regard to pest infestation in 2022 is 
therefore expected to remain favourable. 
The contracting meetings with beet growers for the 2022 sugar beet season will 
be taking place between 5 October and 5 November. AGRANA is again tendering 
contracts with guaranteed minimum prices and therefore offering terms which make 
beet growing an attractive option compared to other crops. The growing target 
needed to ensure both sugar refineries can operate at full capacity remains at 
least 38,000 hectares of planted sugar beet. 
About AGRANA Sugar 
AGRANA produces sugar at two sugar refineries in Austria, Tulln and 
Leopoldsdorf. The Tulln site is home not only to the administration department 
but also the central sugar warehouse in which all of the sugar varieties 
produced and packaged under the Wiener Zucker brand are fully automatically 
stored and picked in a high-bay warehouse with a storage capacity of around 
8,000 metric tons of sugar products and then shipped. Sugar shipments from 
Leopoldsdorf are mainly to the processing industry both as bulk and packaged 
(Big Bags and 50kg bags). 
AGRANA converts agricultural raw materials into high-quality foods and numerous 
industrial intermediate products. Around 9,000 employees at 55 production sites 
worldwide generate annual Group revenue of approximately EUR 2.5 billion. 
Established in 1988, the company is the world's market leader in fruit 
preparations and the leading producer of fruit juice concentrates in Europe. In 
addition, its Starch segment is also a major manufacturer of custom starch 
products (made from potato, corn and wheat) and of bioethanol. AGRANA is the 
leading sugar producer in Central and Eastern Europe. 
This announcement is available in German and English at www.agrana.com [https:// 
www.agrana.com/en]. [https://www.agrana.com/en] 
Further inquiry note: 
AGRANA Beteiligungs-AG 
Mag.(FH) Hannes Haider 
Investor Relations 
Tel.: +43-1-211 37-12905 
Mag.(FH) Markus Simak 
Public Relations 
Tel.: +43-1-211 37-12084 
e-mail: markus.simak@agrana.com 
end of announcement                         euro adhoc 
Pictures with Announcement: 

(END) Dow Jones Newswires

October 01, 2021 04:10 ET (08:10 GMT)

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Net income 2022 65,0 M 73,3 M 73,3 M
Net Debt 2022 441 M 497 M 497 M
P/E ratio 2022 16,9x
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Mean consensus OUTPERFORM
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Managers and Directors
Markus MŘhleisen Chief Executive Officer
Stephan BŘttner Chief Financial Officer
Erwin Hameseder Chairman-Supervisory Board
Norbert Harringer Chief Technology Officer
Wolfgang Heer Vice Chairman-Supervisory Board