AGRANA Group recently confirmed its annual guidance on 10 October 2024 in the context of publishing its results for the first half of 2024/25. Significantly lower EBIT* was forecast for the 2024/25 financial year compared to the prior year (2023/24: € 151.0 million), with a decline of 10 % to 50 %.

It had already been communicated that, due to higher sugar inventories and sharply falling sugar prices (in the EU and globally), AGRANA’s Sugar segment in particular would continue to face very challenging times in the coming months. Since the full-blown start of the sugar beet processing campaign in October 2024, it has also become evident that the campaign costs of the new 2024/25 sugar marketing year will be higher than expected. In the meantime, the evaluation of September’s flooding damages (primarily in Austria) has also been largely completed. The negative impact on earnings in the current financial year has been higher than originally forecast, mainly due to the production stoppage at the plant in Pischelsdorf, Austria, in the Starch segment.

These developments are primarily responsible for the forecast now that the 2024/25 financial year will be characterised by a very significant decline in EBIT* of more than 50 % at the Group level. The operating profit before exceptional items and results of equity-accounted joint ventures is expected to be in the range of € 55 million to € 75 million.

The publication of the results for the first three quarters of 2024/25, including details of the outlook for all segments in the remainder of the 2024/25 financial year, will be on 14 January 2025 as scheduled.

*EBIT: operating profit after exceptional items and results of equity-accounted joint ventures

GNT has achieved a 22 % reduction in carbon intensity at its EXBERRY^® factories since 2020, the company’s latest sustainability report shows.

GNT, which creates EXBERRY^® colours from non-GMO fruit, vegetables, and plants, has set out 17 ambitious targets to optimise its environmental and social impacts over the course of the current decade.

In 2023, GNT’s total carbon footprint at its production sites in the Netherlands, Germany, and USA stood at nearly 13 thousand metric tons of CO₂-equivalent emissions. This means 22 % less CO₂ was emitted per ton of product sold compared to the base year of 2020, taking GNT almost halfway toward its ambition to achieve a 50 % reduction by 2030.

The new sustainability report reveals there was important progress in a number of other areas. GNT aims to enhance water efficiency at its factories by 20 % and has already delivered a 13 % improvement compared to 2020 levels. In addition, 74 % of the farmers in the company’s supply chain achieved a minimum of Farm Sustainability Assessment (FSA) Silver standard. The compliance rate for GNT’s Policy on Sustainable Sourcing, meanwhile, increased from 70 % to 90 %.

GNT also secured an EcoVadis silver medal last year and remains the only food colour supplier to have published a third-party Greenhouse Gas Verification Statement.

To read GNT’s ‘Sustainability report 2023,’ visit: https://exberry.com/en/sustainability-report-2023

GNT has achieved a 22 % reduction in carbon intensity at its EXBERRY^® factories since 2020, the company’s latest sustainability report shows.

GNT, which creates EXBERRY^® colours from non-GMO fruit, vegetables, and plants, has set out 17 ambitious targets to optimise its environmental and social impacts over the course of the current decade.

In 2023, GNT’s total carbon footprint at its production sites in the Netherlands, Germany, and USA stood at nearly 13 thousand metric tons of CO2-equivalent emissions. This means 22 % less CO₂ was emitted per ton of product sold compared to the base year of 2020, taking GNT almost halfway toward its ambition to achieve a 50 % reduction by 2030.

The new sustainability report reveals there was important progress in a number of other areas. GNT aims to enhance water efficiency at its factories by 20 % and has already delivered a 13 % improvement compared to 2020 levels. In addition, 74 % of the farmers in the company’s supply chain achieved a minimum of Farm Sustainability Assessment (FSA) Silver standard. The compliance rate for GNT’s Policy on Sustainable Sourcing, meanwhile, increased from 70 % to 90 %.

GNT also secured an EcoVadis silver medal last year and remains the only food colour supplier to have published a third-party Greenhouse Gas Verification Statement.

To read GNT’s ‘Sustainability report 2023,’ visit: https://exberry.com/en/sustainability-report-2023