Südzucker : confirms full-year outlook following sound first quarter 2020/21
June 17, 2020 at 09:55 am EDT
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DGAP-Ad-hoc: Südzucker AG / Key word(s): Quarter Results
Südzucker confirms full-year outlook following sound first quarter 2020/21
17-Jun-2020 / 15:51 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.
In the first quarter of current fiscal year 2020/21 (1 March to 31 May 2020), Südzucker AG reached consolidated group revenues of EUR 1,669 (previous year: 1,680) million. The consolidated group operating result significantly increased to EUR 61 (previous year: 47) million. Significant earnings improvements have been achieved in sugar and special products segments. Significantly lower earnings have been noted in CropEnergies and fruit segments.
Against this background Südzucker confirms the consolidated group outlook, initially published 22 April 2020. Südzucker expects for fiscal year 2020/21 consolidated group revenues between EUR 6.9 to 7.2 (previous year: 6.7) billion. Consolidated group operating result should come in between EUR 300 to 400 (previous year: 116) million. Due to the ongoing corona pandemic and related high volatility in all segments, this outlook is still affected by a very high uncertainty.
The full report for the first quarter 2020/21 will be published on 9 July 2020.
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
17-Jun-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de
Suedzucker AG is a Germany-based company engaged in the processing of agricultural raw materials. The Company is organized, along with its subsidiaries, into four segments: the Sugar segment comprises sugar production and the agricultural division; the Special Products segment includes the activities of four divisions: BENEO, which produces and sells ingredients made from natural raw materials for food products and animal feed; the Freiberger Group is a producer of chilled and frozen pizzas, frozen pasta dishes and snacks; the PortionPack Europe group specializes in portion packs, and the starch division comprises starch companies in Hungary and Romania, bio-ethanol production in Austria and Hungary, as well as starch production facilities in Austria; the CropEnergies segment includes the bio-ethanol activities of the Company in Germany, Belgium and France, and the Fruit segment comprises the fruit juice preparations and fruit juice concentrates divisions.
SÜDZUCKER AG 
