DGAP-Ad-hoc: Südzucker AG / Key word(s): Profit Warning/Change in Forecast 
Südzucker AG: Südzucker shows significant earnings improvement after nine 
months; full-year forecast 2020/21 corona-based no longer achievable 
 
14-Dec-2020 / 15:42 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, 14 December 2020 
 
According to preliminary figures, in the third quarter (1 September to 30 
November 2020) of current business year 2020/21, Südzucker AG reached group 
revenues of EUR 1,740 (previous year: 1,713) million. The operating group 
result significantly increased - as expected - to EUR 66 (previous year: 39) 
million. Thereby negative effects from the anewed pan-European lockdown have 
already been observed since mid of October. The earnings improvement is 
mainly supported by sugar segment, whilst CropEnergies, special products and 
fruit segments in total come up to the high previous year's level. 
 
In the first three quarters (1 March to 30 November 2020) group revenues 
came in at EUR 5,089 (previous year: 5,028) million. The operating group 
result significantly increased to EUR 195 (previous year: 113) million. 
 
Already in the context of the first half-year publication of business year 
2020/21, 8 October 2020, Südzucker pointed out, amongst others that the 
adjusted sugar segment forecast led to the assessment of a group operating 
result rather at the lower end of the expected earnings range of EUR 300 to 
400 million. At that point in time Südzucker also indicated uncertainties in 
sugar segment in regard to the magnitude of price increase for outstanding 
contract volumes and the further sales development in light of the corona 
pandemic. Furthermore Südzucker alluded to the risks of final capacity 
utilization in light of a continued drought and reinforced pest infestation 
in several growing areas. Now, it becomes apparent that these risks 
gradually materialize. Moreover it is referred to the published forecast 
adjustment by CropEnergies via publication of an insider information, today. 
 
In the overall view as well as against the background of the increasingly 
intensifying lockdown in Europe and the seasonal weak fourth quarter, now, 
for business year 2020/21, Südzucker expects group revenues of EUR 6.6 to 
6.8 (previous year: 6.7) billion. The operating group result, following EUR 
116 million in previous year, is expected to improve significantly and to be 
now in a range of EUR 190 to 240 million. 
 
Further extend, duration and economic effects in the course of the corona 
pandemic are still difficult to predict and could lead to opportunities and 
risks for the Südzucker group for the remaining part and beyond the current 
business year. 
 
The full report for the first nine months 2020/21 will be published on 14 
January 2021. 
 
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 
 
14-Dec-2020 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: 1155024 
 
End of Announcement DGAP News Service 
 
1155024 14-Dec-2020 CET/CEST

(END) Dow Jones Newswires

December 14, 2020 09:42 ET (14:42 GMT)