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Agrana cut EBIT by 50.5% but raised full-year forecast due to strong Food & Beverage performance.
Agrana reported a 50.5% drop in first-half EBIT to €28 million amid a 9.1% revenue decline, citing challenges in Sugar and Starch segments and restructuring costs, but raised its full-year EBIT forecast to €45–60 million due to strong performance in Food & Beverage Solutions.
The company’s stock rose 1.64% for the week.
Meanwhile, Palfinger’s shares fell 2.53% as the ATX index dropped 1.38%.
Austrian Post launched a logistics partnership with Iraq’s Galina Express to expand into the Iraqi market, while Marinomed Biotech explored strategic options for its drug platforms.
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Agrana redujo el EBIT en un 50,5%, pero elevó las previsiones para todo el año debido al sólido rendimiento de Food & Beverage.