Cash flow Südzucker AG

Equities

SZU

DE0007297004

Food Processing

Market Closed - Xetra Other stock markets 03:08:48 2025-12-11 pm EST			5-day change	1st Jan Change
9.575 ^EUR	+0.10%		-1.74%	-7.76%

Dec. 10	Minister wants to boost German agricultural exports	DP
Nov. 21	Sugar maker Tereos sees profits plunge as prices hit new lows	RE

8dc57e88521b97fa1146f3ecd69ecc4d.XyfboT9ggr1yk3Q_DV01uawPGzcxfKNcvrektdkOPFI.MHe4z14_7Yw6_StsSGR38tQ7bGZbNelrxI_1h6tXfgU3fbLQUy7D0QvxRA

Published financial data: SÜDZUCKER AG

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2021	2022	2023	2024	2025
Revenues	6.68B	7.6B	9.5B	10.29B	9.69B
Other Revenues, Total	-	3.5M	-	19M	-
Total Revenues	6.68B	7.6B	9.5B	10.31B	9.69B
Cost of Goods Sold, Total	4.39B	5.15B	6.41B	6.8B	6.84B
Gross Profit	2.29B	2.45B	3.09B	3.5B	2.86B
Selling General & Admin Expenses, Total	968M	1.01B	1.08B	1.26B	1.3B
Depreciation & Amortization - (IS)	361M	360M	365M	371M	373M
Other Operating Expenses	718M	789M	997M	952M	864M
Other Operating Expenses, Total	2.05B	2.16B	2.44B	2.58B	2.54B
Operating Income	241M	291M	654M	922M	317M
Interest Expense, Total	-24.5M	-22.5M	-38.3M	-83M	-89M
Interest And Investment Income	9.7M	4.2M	13M	22M	19M
Net Interest Expenses	-14.8M	-18.3M	-25.3M	-61M	-70M
Income (Loss) On Equity Invest.	-126M	-49M	30.3M	2M	7M
Currency Exchange Gains (Loss)	-15.7M	3.2M	-4.8M	-39M	1M
Other Non Operating Income (Expenses)	-24.4M	-1M	25.2M	-6M	-1M
EBT, Excl. Unusual Items	60.8M	226M	680M	818M	254M
Restructuring Charges	-42.6M	-300K	-7.6M	-37M	-171M
Impairment of Goodwill	-	-29.4M	-47M	-	-108M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Gain (Loss) On Sale Of Assets	300K	20M	4.1M	-	-
Asset Writedown	-200K	-800K	22.2M	-	-
Legal Settlements	3.4M	-	29M	-	-
Other Unusual Items	-700K	-11.1M	-500K	0	17M
EBT, Incl. Unusual Items	21M	204M	680M	781M	-8M
Income Tax Expense	56.6M	80.8M	151M	133M	78M
Earnings From Continuing Operations	-35.6M	123M	529M	648M	-86M
Net Income to Company	-35.6M	123M	529M	648M	-86M
Minority Interest	-58.1M	-45.5M	-117M	-59M	8M
Net Income - (IS)	-93.7M	77.7M	412M	589M	-78M
Preferred Dividend and Other Adjustments	12.6M	12.1M	16.8M	33M	33M
Net Income to Common Incl Extra Items	-106M	65.6M	395M	556M	-111M
Net Income to Common Excl. Extra Items	-106M	65.6M	395M	556M	-111M
Per Share Items
Net EPS - Basic	-0.52	0.32	1.93	2.72	-0.54
Basic EPS - Continuing Operations	-0.52	0.32	1.93	2.72	-0.54
Basic Weighted Average Shares Outstanding	204M	204M	204M	204M	204M
Net EPS - Diluted	-0.52	0.32	1.93	2.72	-0.54
Diluted EPS - Continuing Operations	-0.52	0.32	1.93	2.72	-0.54
Diluted Weighted Average Shares Outstanding	204M	204M	204M	204M	204M
Normalized Basic EPS	-0.1	0.47	1.51	2.22	0.82
Normalized Diluted EPS	-0.1	0.47	1.51	2.22	0.82
Dividend Per Share	0.2	0.4	0.7	0.9	0.2
Payout Ratio	-43.54	129.99	34.98	40.24	-341.03
American Depositary Receipts Ratio (ADR)	0.5	0.5	0.5	0.5	0.5
Supplemental Items
EBITDA	569M	624M	1.01B	1.26B	658M
EBITA	266M	320M	701M	949M	343M
EBIT	241M	291M	654M	922M	317M
EBITDAR	-	-	-	1.3B	700M
Effective Tax Rate - (Ratio)	269.52	39.61	22.25	17.03	-975
Total Current Taxes	62.2M	86.2M	137M	148M	101M
Total Deferred Taxes	-5.6M	-5.4M	14.2M	-15M	-23M
Normalized Net Income	-20.1M	95.5M	308M	452M	167M
Interest on Long-Term Debt	3.5M	3.2M	2.9M	4M	4M
Non-Cash Pension Expense	9.7M	11.2M	15.7M	27M	27M
Supplemental Operating Expense Items
Advertising Expense	-	27.7M	-	-	-
Selling and Marketing Expenses	-	27.7M	-	-	-
Research And Development Expense From Footnotes	48.3M	51.6M	58.2M	62M	62M
Net Rental Expense, Total	-	-	-	44M	42M
Imputed Operating Lease Interest Expense	-	-	-	12.98M	12.95M
Imputed Operating Lease Depreciation	-	-	-	31.02M	29.05M
Stock-Based Comp., Other (Total)	-	-	500K	-	-
Total Stock-Based Compensation	-	-	500K	-	-

Fiscal Period: February	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	198M	316M	247M	305M	626M
Short Term Investments	248M	169M	243M	180M	155M
Total Cash And Short Term Investments	445M	485M	490M	485M	781M
Accounts Receivable, Total	948M	1.14B	1.41B	1.46B	1.02B
Other Receivables	155M	195M	240M	234M	236M
Total Receivables	1.1B	1.34B	1.65B	1.69B	1.26B
Inventory	2.13B	2.32B	3.16B	3.51B	2.84B
Other Current Assets, Total	110M	211M	152M	147M	145M
Total Current Assets	3.79B	4.35B	5.45B	5.83B	5.03B
Gross Property Plant And Equipment	8.6B	8.76B	9.03B	9.36B	9.75B
Accumulated Depreciation	-5.62B	-5.77B	-5.92B	-6.11B	-6.35B
Net Property Plant And Equipment	2.98B	2.99B	3.11B	3.26B	3.4B
Long-term Investments	193M	103M	110M	108M	107M
Goodwill	722M	707M	697M	693M	578M
Other Intangibles, Total	226M	227M	246M	224M	196M
Deferred Tax Assets Long-Term	74.7M	63M	51M	118M	84M
Other Long-Term Assets, Total	11.4M	6.1M	33.1M	45M	107M
Total Assets	8B	8.44B	9.7B	10.28B	9.5B
Liabilities
Accounts Payable, Total	824M	1.12B	1.61B	1.97B	1.34B
Accrued Expenses, Total	201M	194M	224M	270M	247M
Current Portion of Long-Term Debt	446M	534M	628M	481M	874M
Current Portion of Leases	30M	27.9M	32M	32M	28M
Current Income Taxes Payable	23.7M	34.3M	68.3M	107M	63M
Other Current Liabilities	231M	284M	254M	292M	226M
Total Current Liabilities	1.75B	2.19B	2.82B	3.15B	2.78B
Long-Term Debt	1.34B	1.24B	1.54B	1.64B	1.43B
Long-Term Leases	93.6M	77.8M	82.6M	70M	64M
Pension & Other Post Retirement Benefits	881M	865M	682M	769M	799M
Deferred Tax Liability Non Current	136M	140M	164M	183M	139M
Other Non Current Liabilities	228M	225M	214M	194M	259M
Total Liabilities	4.44B	4.74B	5.5B	6B	5.47B
Common Stock, Total	204M	204M	204M	204M	204M
Additional Paid In Capital	1.61B	1.61B	1.61B	1.62B	1.62B
Treasury Stock	-	-	-100K	-	-
Comprehensive Income and Other	863M	962M	1.41B	1.68B	1.45B
Total Common Equity	2.68B	2.78B	3.23B	3.5B	3.27B
Minority Interest	882M	918M	974M	773M	755M
Total Equity	3.56B	3.7B	4.2B	4.27B	4.03B
Total Liabilities And Equity	8B	8.44B	9.7B	10.28B	9.5B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	204M	204M	204M	204M	204M
ECS Total Common Shares Outstanding	204M	204M	204M	204M	204M
Book Value / Share	9.93	10.42	12.6	13.94	12.82
Tangible Book Value	1.73B	1.85B	2.28B	2.58B	2.5B
Tangible Book Value Per Share	5.29	5.85	7.98	9.45	9.03
Total Debt	1.91B	1.88B	2.28B	2.22B	2.4B
Net Debt	1.47B	1.4B	1.79B	1.74B	1.62B
Debt Equivalent of Unfunded Proj. Benefit Obligation	881M	865M	656M	744M	772M
Debt Equivalent Oper. Leases	-	-	-	352M	336M
Minority Interest, Total (Incl. Fin. Div)	882M	918M	974M	773M	755M
Equity Method Investments, Total	164M	77.4M	78.4M	80M	80M
Account Code - Inventory Valuation	3	3	3	3	3
Inventories - Raw Materials, Total	506M	544M	748M	617M	596M
Inventories - Work In Process, Total	1.57B	1.72B	2.27B	2.78B	2.15B
Inventories - Finished Goods, Total	61M	53.7M	144M	112M	96M
Land - (BS)	2.18B	2.21B	2.3B	2.36B	2.45B
Machinery, Total	6.16B	6.24B	6.32B	6.5B	6.7B
Full Time Employees	15.67K	15.67K	16.05K	16.46K	17.11K
Part Time Employees	692	755	815	884	-
Accumulated Allowance for Doubtful Accounts (Supple)	12.2M	16.4M	12.3M	13M	17M

Fiscal Period: February	2021	2022	2023	2024	2025
Net Income	-93.7M	77.7M	529M	589M	-78M
Depreciation & Amortization - CF	336M	336M	338M	343M	348M
Amortization of Goodwill and Intangible Assets - (CF)	25M	29.4M	47M	27M	26M
Depreciation & Amortization, Total	361M	366M	385M	370M	374M
(Gain) Loss From Sale Of Asset	-300K	-20M	-4.1M	-11M	-33M
(Gain) Loss on Sale of Investments - (CF)	9.2M	-31.4M	-65.1M	1M	-1M
Asset Writedown & Restructuring Costs	5.3M	59.6M	71.8M	22M	233M
Other Operating Activities, Total	194M	88.4M	6.9M	64M	-15M
Change In Inventories	-42.3M	-381M	-1.2B	-427M	1.13B
Change in Other Net Operating Assets	47.7M	319M	521M	465M	-703M
Cash from Operations	480M	478M	244M	1.07B	906M
Capital Expenditure	-285M	-332M	-400M	-546M	-574M
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	62.7M	91.4M	-144M	62M	73M
Other Investing Activities, Total	20.2M	32.7M	20.6M	29M	28M
Cash from Investing	-202M	-208M	-523M	-455M	-473M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	-	166M	624M	271M	496M
Total Debt Issued	-	166M	624M	271M	496M
Short Term Debt Repaid, Total	-	-180M	-150M	-	-
Long-Term Debt Repaid, Total	-173M	-32.8M	-120M	-335M	-346M
Total Debt Repaid	-173M	-213M	-270M	-335M	-346M
Repurchase of Common Stock	-	-	-	-	-
Common Dividends Paid	-40.8M	-101M	-144M	-237M	-266M
Common & Preferred Stock Dividends Paid	-40.8M	-101M	-144M	-237M	-266M
Other Financing Activities, Total	-57.8M	-2.9M	-1M	-259M	-2M
Cash from Financing	-272M	-151M	209M	-560M	-118M
Foreign Exchange Rate Adjustments	-8M	-1.9M	1.1M	-	4M
Miscellaneous Cash Flow Adjustments	1.4M	800K	1.1M	-	2M
Net Change in Cash	100K	118M	-68.3M	58M	321M
Supplemental Items
Cash Interest Paid	23.9M	22.3M	29.6M	83M	90M
Cash Income Tax Paid (Refund)	50.9M	81M	115M	99M	149M
Levered Free Cash Flow	274M	34.52M	-201M	446M	280M
Unlevered Free Cash Flow	289M	48.59M	-177M	498M	336M
Change In Net Working Capital	-62.6M	167M	572M	-98M	-338M
Net Debt Issued / Repaid	-173M	-46.8M	354M	-64M	150M

Fiscal Period: February	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.84	2.21	4.51	5.77	2
Return on Total Capital	2.69	3.29	6.78	8.88	3.07
Return On Equity %	-0.98	3.41	13.39	15.3	-2.07
Return on Common Equity	-3.89	2.41	13.15	16.53	-3.28
Margin Analysis
Gross Profit Margin %	34.25	32.25	32.55	33.98	29.48
SG&A Margin	14.49	13.3	11.33	12.2	13.45
EBITDA Margin %	8.52	8.2	10.6	12.19	6.79
EBITA Margin %	3.99	4.21	7.38	9.21	3.54
EBIT Margin %	3.61	3.82	6.89	8.94	3.27
Income From Continuing Operations Margin %	-0.53	1.62	5.57	6.29	-0.89
Net Income Margin %	-1.4	1.02	4.33	5.71	-0.8
Net Avail. For Common Margin %	-1.59	0.86	4.16	5.39	-1.14
Normalized Net Income Margin	-0.3	1.26	3.24	4.39	1.72
Levered Free Cash Flow Margin	4.1	0.45	-2.11	4.33	2.89
Unlevered Free Cash Flow Margin	4.33	0.64	-1.86	4.83	3.47
Asset Turnover
Asset Turnover	0.81	0.93	1.05	1.03	0.98
Fixed Assets Turnover	2.21	2.55	3.12	3.24	2.91
Receivables Turnover (Average Receivables)	6.93	7.28	7.45	7.18	7.82
Inventory Turnover (Average Inventory)	2.04	2.31	2.34	2.04	2.15
Short Term Liquidity
Current Ratio	2.16	1.99	1.94	1.85	1.81
Quick Ratio	0.88	0.83	0.76	0.69	0.73
Operating Cash Flow to Current Liabilities	0.27	0.22	0.09	0.34	0.33
Days Sales Outstanding (Average Receivables)	52.64	50.15	48.98	50.96	46.65
Days Outstanding Inventory (Average Inventory)	179.12	157.69	156.04	179.42	169.63
Average Days Payable Outstanding	68.88	66.37	68.58	91.54	97.91
Cash Conversion Cycle (Average Days)	162.89	141.48	136.44	138.84	118.38
Long Term Solvency
Total Debt/Equity	53.69	50.93	54.37	51.95	59.56
Total Debt / Total Capital	34.94	33.74	35.22	34.19	37.33
LT Debt/Equity	40.34	35.73	38.65	39.95	37.16
Long-Term Debt / Total Capital	26.25	23.67	25.04	26.29	23.29
Total Liabilities / Total Assets	55.46	56.18	56.7	58.43	57.6
EBIT / Interest Expense	9.85	12.92	17.09	11.11	3.56
EBITDA / Interest Expense	24.59	29.16	27.14	15.57	7.76
(EBITDA - Capex) / Interest Expense	12.96	14.42	16.7	8.99	1.31
Total Debt / EBITDA	3.18	2.87	2.2	1.72	3.47
Net Debt / EBITDA	2.44	2.13	1.72	1.34	2.34
Total Debt / (EBITDA - Capex)	6.03	5.81	3.57	2.98	20.5
Net Debt / (EBITDA - Capex)	4.63	4.31	2.8	2.33	13.82
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	0.12	13.74	24.99	8.43	-5.78
Gross Profit, 1 Yr. Growth %	2.91	6.93	26.27	12.93	-17.97
EBITDA, 1 Yr. Growth %	27.49	11.49	62.6	22.99	-47.65
EBITA, 1 Yr. Growth %	85.77	24.7	122.38	32.36	-63.86
EBIT, 1 Yr. Growth %	104.4	25.46	128.81	33.62	-65.62
Earnings From Cont. Operations, 1 Yr. Growth %	-34.68	-446.07	329.14	22.5	-113.27
Net Income, 1 Yr. Growth %	-13.64	-182.92	429.86	42.96	-113.24
Normalized Net Income, 1 Yr. Growth %	-41.53	-576.61	222.38	45.36	-63.13
Diluted EPS Before Extra, 1 Yr. Growth %	-12.51	-161.71	502.12	40.93	-119.99
Accounts Receivable, 1 Yr. Growth %	-3.05	20.19	23.61	3.34	-29.81
Inventory, 1 Yr. Growth %	-1.94	8.57	36.45	11.07	-19.03
Net Property, Plant and Equip., 1 Yr. Growth %	-2.53	0.15	4.06	4.76	4.3
Total Assets, 1 Yr. Growth %	-4.91	5.87	14.89	5.98	-7.61
Tangible Book Value, 1 Yr. Growth %	-2.54	8.27	23.58	13.09	-3.33
Common Equity, 1 Yr. Growth %	-3.57	4.8	15.97	8.49	-6.54
Cash From Operations, 1 Yr. Growth %	209.6	-0.62	-49.01	339.75	-15.56
Capital Expenditures, 1 Yr. Growth %	-15	16.39	20.47	36.5	5.13
Levered Free Cash Flow, 1 Yr. Growth %	-327.78	-87.12	-727.55	-291.56	-37.16
Unlevered Free Cash Flow, 1 Yr. Growth %	-377.04	-82.86	-483.93	-338.8	-32.54
Dividend Per Share, 1 Yr. Growth %	0	100	75	28.57	-77.78
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	-0.56	6.76	19.2	16.47	0.98
Gross Profit, 2 Yr. CAGR %	4.25	5.02	16.11	19.62	-4.01
EBITDA, 2 Yr. CAGR %	32.33	18.2	34.14	42.5	-19.76
EBITA, 2 Yr. CAGR %	230.42	49.41	65.3	73.46	-30.83
EBIT, 2 Yr. CAGR %	3.37K	56.89	68.06	79.55	-32.22
Earnings From Cont. Operations, 2 Yr. CAGR %	-78.97	50.35	285.37	129.34	-59.68
Net Income, 2 Yr. CAGR %	-66.42	-15.38	109.61	175.33	-56.49
Normalized Net Income, 2 Yr. CAGR %	33.74	66.68	291.98	117.61	-26.79
Diluted EPS Before Extra, 2 Yr. CAGR %	-64.52	-26.52	92.77	190.96	-46.92
Accounts Receivable, 2 Yr. CAGR %	-1.26	7.95	21.89	13.02	-14.83
Inventory, 2 Yr. CAGR %	3.89	3.18	21.71	23.11	-5.16
Net Property, Plant and Equip., 2 Yr. CAGR %	0.55	-1.2	2.08	4.41	4.53
Total Assets, 2 Yr. CAGR %	-1.15	0.16	10.29	10.34	-1.05
Tangible Book Value, 2 Yr. CAGR %	-9.74	1.89	15.67	18.24	4.56
Common Equity, 2 Yr. CAGR %	-7.43	0	10.25	12.18	0.7
Cash From Operations, 2 Yr. CAGR %	35.4	75.4	-28.81	49.9	92.69
Capital Expenditures, 2 Yr. CAGR %	-13.25	-0.54	18.41	28.3	19.79
Levered Free Cash Flow, 2 Yr. CAGR %	22.64	-46.44	-13.47	273.56	9.71
Unlevered Free Cash Flow, 2 Yr. CAGR %	30.98	-31.81	-21.02	228.93	26.92
Dividend Per Share, 2 Yr. CAGR %	0	41.42	87.08	50	-46.55
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	-1.47	4.02	12.5	15.53	8.46
Gross Profit, 3 Yr. CAGR %	-2.4	5.21	11.62	15.17	5.29
EBITDA, 3 Yr. CAGR %	-8.18	24.27	31.13	30.98	2.06
EBITA, 3 Yr. CAGR %	-15.98	135.85	69.75	54.63	2.84
EBIT, 3 Yr. CAGR %	-17.56	1.03K	76.96	58.47	3.49
Earnings From Cont. Operations, 3 Yr. CAGR %	-51.81	-46.52	113.27	163.05	-11.29
Net Income, 3 Yr. CAGR %	-24.56	-54.61	55.97	84.55	0.13
Normalized Net Income, 3 Yr. CAGR %	-49.01	104.07	107.67	182.6	20.42
Diluted EPS Before Extra, 3 Yr. CAGR %	-19.67	-57.33	48.14	73.52	19.17
Accounts Receivable, 3 Yr. CAGR %	-0.82	5.43	12.93	15.36	-3.57
Inventory, 3 Yr. CAGR %	0.23	5.43	13.25	18.06	7.06
Net Property, Plant and Equip., 3 Yr. CAGR %	-0.08	0.41	0.52	2.97	4.37
Total Assets, 3 Yr. CAGR %	-5.01	1.02	4.84	8.83	4
Tangible Book Value, 3 Yr. CAGR %	-10.88	-4.62	8.66	14.82	10.56
Common Equity, 3 Yr. CAGR %	-13.26	-3.86	5.06	9.67	5.56
Cash From Operations, 3 Yr. CAGR %	-1.4	22.13	16.2	30.71	23.8
Capital Expenditures, 3 Yr. CAGR %	-7.53	-4.32	6.02	24.2	20.06
Levered Free Cash Flow, 3 Yr. CAGR %	89.33	-42.57	18.59	18.52	106.21
Unlevered Free Cash Flow, 3 Yr. CAGR %	147.26	-33.96	19.16	20.69	93.98
Dividend Per Share, 3 Yr. CAGR %	-23.69	25.99	51.83	65.1	-20.63
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	0.9	3.26	6.35	8.82	7.76
Gross Profit, 5 Yr. CAGR %	1.54	1.34	4.67	10.72	5.15
EBITDA, 5 Yr. CAGR %	2.69	-2.05	6.49	31.07	8.07
EBITA, 5 Yr. CAGR %	2.53	-5.43	9.32	107.96	19.06
EBIT, 5 Yr. CAGR %	1.74	-6.66	8.72	440.43	21.83
Earnings From Cont. Operations, 5 Yr. CAGR %	-27.76	-16.96	10.7	-4.25	9.55
Net Income, 5 Yr. CAGR %	-5.94	-19.3	13.54	-6.65	-6.39
Normalized Net Income, 5 Yr. CAGR %	-26.97	-12.31	15.22	109.38	37.14
Diluted EPS Before Extra, 5 Yr. CAGR %	-0.48	-21.03	14.01	-8.04	-1.79
Accounts Receivable, 5 Yr. CAGR %	3.91	5.29	7.71	8.4	0.88
Inventory, 5 Yr. CAGR %	2.38	2.45	8.33	12.17	5.49
Net Property, Plant and Equip., 5 Yr. CAGR %	1.1	0.44	0.78	1.99	2.11
Total Assets, 5 Yr. CAGR %	-0.33	-0.68	0.77	4.65	2.45
Tangible Book Value, 5 Yr. CAGR %	-7.94	-7.71	-1.4	3.94	7.01
Common Equity, 5 Yr. CAGR %	-6.79	-7.01	-4.73	2.26	3.3
Cash From Operations, 5 Yr. CAGR %	-4.09	-2.73	-13.45	32.56	42.31
Capital Expenditures, 5 Yr. CAGR %	-5.13	0.16	2.08	7.59	11.35
Levered Free Cash Flow, 5 Yr. CAGR %	20.43	-23.51	37.8	19.62	18.44
Unlevered Free Cash Flow, 5 Yr. CAGR %	17.64	-20.31	55.98	24.18	26.32
Dividend Per Share, 5 Yr. CAGR %	-7.79	-2.33	9.24	35.1	0