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MarketScreener Homepage  >  Equities  >  Xetra  >  Südzucker AG    SZU   DE0007297004

SÜDZUCKER AG

(SZU)
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Südzucker : Südzucker concretises earnings forecast following strong third quarter 2019/20

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12/18/2019 | 07:51am EST

In the third quarter (1 September to 30 November 2019) of current fiscal year 2019/20, Südzucker AG reached consolidated group revenues of EUR 1,713 (previous year: 1,717) million. The consolidated group operating result significantly increased to EUR 39 (previous year: -23) million. Significant earnings improvements have been achieved in segments sugar, Special products and CropEnergies, whilst segment fruit came in with a significant decrease.

In the first nine months (1 March to 30 November 2019) consolidated group revenues reached EUR 5,028 (previous year: 5,192) million. Now, consolidated group operating result achieved in the same period almost previous year's level with EUR 113 (previous year: 116) million.

Against this background Südzucker concretises the full year group forecast. Südzucker still expects for fiscal year 2019/20 consolidated group revenues between EUR 6.7 to 7.0 (previous year: 6.8) billion, but now assumes consolidated group operating result to reach between EUR 70 to 130 (previous forecast: 50 to 130; previous year: 27) million and EBITDA between EUR 430 to 490 (previous forecast: 410 to 490; previous year: 353) million.

Südzucker still expects the sugar segment to post an operating loss between EUR -200 to -260 (previous year: -239) million. Now, we expect the special products segment to show a significant earnings increase (previous forecast: moderate increase; previous year: EUR 156 million). The CropEnergies segment should reach an operating result of approximately EUR 100 (previous forecast: 70 to 90; previous year: 33) million. Main reason for the improvement are continued significantly higher sales revenues for renewable ethanol. In the fruit Segment we still expect a significant earnings decline (previous year: EUR 77 million).

The report for the third quarter 2019/20 will be published on 14 January 2020.

Disclaimer

Südzucker AG published this content on 18 December 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 December 2019 12:50:02 UTC

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Financials (EUR)
Sales 2020 6 751 M
EBIT 2020 106 M
Net income 2020 -48,4 M
Debt 2020 1 407 M
Yield 2020 1,24%
P/E ratio 2020 -82,2x
P/E ratio 2021 19,4x
EV / Sales2020 0,72x
EV / Sales2021 0,66x
Capitalization 3 423 M
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Number of Analysts 7
Average target price 17,22  €
Last Close Price 16,77  €
Spread / Highest target 19,3%
Spread / Average Target 2,66%
Spread / Lowest Target -13,5%
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Hans-Jörg Gebhard Chairman-Supervisory Board
Franz-Josef Möllenberg Vice Chairman-Supervisory Board
Erwin Hameseder Vice Chairman-Supervisory Board
Georg Koch Member-Supervisory Board
Joachim Rukwied Member-Supervisory Board
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