21st Austria weekly - Agrana, VIG (12/03/2025)

Agrana: Sugar, starch and fruit company Agrana has decided the termination of sugar production at its site in Leopoldsdorf in Marchfeld, Austria, and at its site in Hrušovany, Czech Republic, with immediate effect. In Austria, the company's entire domestic sugar production will in the future be based in Tulln. This measure is an important part of the company’s strategic realignment, which aims to achieve long-term stabilisation and competitiveness for the domestic sugar production. The goal is to focus entirely on the Austrian market with domestically produced sugar. In the Czech Republic the sugar production will be concentrated at the Opava site. The Leopoldsdorf site will remain in place as a logistics hub.
Agrana: weekly performance: 0.47%

VIG: Vienna Insurance Group (VIG) presented a successful financial year with double-digit premium growth and strong profit growth. In 2024, the premium volume of EUR 15.2 billion exceeded the previous year’s figure by 10%, while profit before taxes increased to EUR 881.8 million (+14%). Net profit after taxes and non-controlling interests rose by 15.4% to EUR 645 million."We are maintaining our successful course, which is derived from the diversification of our Group, because both the growth in premiums and the profit result from all segments and lines of business. On the basis of this performance and our strong capitalisation, the VIG Managing Board is proposing a dividend increase to EUR 1.55 per share", says CEO Hartwig Löger.
VIG: weekly performance: 6.05%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (12/03/2025)

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