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MarketScreener Homepage  >  Equities  >  Xetra  >  Südzucker AG    SZU   DE0007297004

SÜDZUCKER AG

(SZU)
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Südzucker : increases operating result outlook in further very positive ethanol mar-ket environment

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10/25/2019 | 08:10am EST

DGAP-Ad-hoc: Südzucker AG / Key word(s): Change in Forecast
Südzucker increases operating result outlook in further very positive ethanol mar-ket environment

25-Oct-2019 / 14:08 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, 25 October 2019

Südzucker increases operating result outlook in further very positive ethanol market environment

Against the background of a further very positive ethanol market environment, Südzucker AG
increases the group full year outlook. Südzucker still expects for financial year 2019/20 group revenues of EUR 6.7 to 7.0 (previous year: 6.8) billion, but now expects group operating result to reach EUR 50 to 130 (previous forecast: 0 to 100; previous year: 27) million and EBITDA to reach EUR 410 to 490 (previous forecast: 360 to 460; previous year: 353) million.

Now, Südzucker estimates the sugar segment to post an operating loss of EUR -200 to -260 (previous forecast: -200 to -300; previous year: -239) million. In the fruit segment Südzucker expects results to decline significantly (previous year: EUR 77 million). In contrast, we are expecting a moderately improved operating result (previous year: EUR 156 million) for the special products segment. The CropEnergies segment's operating result is now estimated to range between EUR 70 to 90 (previous forecast: 50 to 75; previous year: 33) million. Main reason for the improvement are significantly higher sales revenues for renewable ethanol. They also result from a robust demand for climate-friendly alternatives to fossil fuel in several European countries.

For current third quarter of financial year 2019/20, Südzucker now expects a slightly positive group operating result (previous forecast: significant reduction in operating loss; previous year: EUR -23 million).

As a result of the ongoing difficult global sugar market environment, Südzucker expects in the course of financial year 2019/20 for the group at equity result - not included in the operating
result - a significantly negative impact from the business development of associated English company ED&F Man Holdings Limited (Südzucker AG participation about 35 percent). Especially non-cash burden from the strategic realignment will be included at ED&F Man which will concretize in the third quarter.

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


25-Oct-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


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
EQS News ID: 897447

 
End of Announcement DGAP News Service

897447  25-Oct-2019 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=897447&application_name=news&site_id=zonebourse

© EQS 2019
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