Overall, the Group’s aggregate risk exposure has improved in comparison to the prior year. While the market situation for sugar stabilised as a result of the quota returns and a corresponding reduction in supply, the price of sugar in the world market was extremely volatile. World market prices for grain returned to normal levels. The Eastern European currencies strengthened against the euro, allowing some of the currency translation losses of the 2008|09 financial year to be recouped in the year under review. Likewise, through a reduction of the euro-denominated liabilities in countries with other currencies, the currency risk was significantly reduced.
On balance, for the 2010|11 financial year the Management Board of AGRANA Beteiligungs-AG sees no risks to AGRANA’s ability to continue in business as a going concern.