DGAP-Adhoc: Südzucker AG: Südzucker reduces full year outlook in further very difficult market environment

2018. szeptember 20., csütörtök, 12:09





DGAP-Ad-hoc: Südzucker AG / Key word(s): Change in Forecast


Südzucker AG: Südzucker reduces full year outlook in further very difficult market environment


20-Sep-2018 / 12:09 CET/CEST


Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.


The issuer is solely responsible for the content of this announcement.




Insider information publication according to section 17 MAR

Mannheim, 20 September 2018

 
Südzucker reduces full year outlook in further very difficult market environment


Südzucker AG group revenues in the first half year (1 March 2018 to 31 August 2018) of current financial year 2018/19 reached EUR 3,475 (previous year: 3,493) million. Group operating profit significantly decreased in the same period to EUR 139 (previous year: 282) million. In the second quarter (1 June 2018 to 31 August 2018) group revenues reached EUR 1,734 (previous year: 1,710) million. Group operating profit significantly decreased in the same period to EUR 62 (previous year: 128) million. The earnings decrease is caused especially by the decreasing results in the sugar and CropEnergies segments.


Südzucker now expects for financial year 2018/19 group revenues of EUR 6.6 to 6.9 (previous forecast: 6.8 to 7.1; previous year: 7.0) billion and group operating profit to reach EUR 25 to 125 (previous forecast: 100 to 200; previous year: 445) million. This adjustment is caused by the further very difficult market environment for sugar, saccharification products (starch) and ethanol. The forecast for the sugar segment in the current difficult environment and in light of the drought in the large growing areas of Südzucker Group is marked by a high degree of uncertainty. 


The full interim report for the first half year 2018/19 will be published on 11 October 2018.

 

 

Südzucker AG

Central Investor Relations Department

Nikolai Baltruschat

Maximilianstraße 10

68165 Mannheim, Germany

Phone: +49 621 421-240

Fax:     +49 621 421-449

investor.relations@suedzucker.de

 








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Language: English
Company: Südzucker AG

Maximilianstr. 10

68165 Mannheim

Germany
Phone: +49 (0)621 - 421-530
Fax: +49 (0)621 - 421-7530
E-mail: investor.relations@suedzucker.de
Internet: www.suedzucker.de
ISIN: DE0007297004, XS0606202454, DE000A1AJLE6, XS0222524372
WKN: 729700, A1GNRQ, A1AJLE, A0E6FU,
Indices: SDAX
Listed: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich, Stuttgart; Regulated Unofficial Market in Hanover, Tradegate Exchange





 
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