Südzucker AG provided earnings guidance for the third quarter of 2023/24 and full year of 2023/24. The company expects group operating result in the third quarter of fiscal 2023/24 (1 September to 30 November 2023) to be significantly higher than the previous year's level (Q3 2022/23: operating result: EUR 220 million). The improvement in group operating result is largely driven by the sugar segment.

Due to the expected positive development in the third quarter, Südzucker confirms the forecast for the full financial year 2023/24, which was last raised on 12 October 2023. Südzucker expects group revenues of EUR 10.0 to 10.5 (2022/23: 9.5) billion. Group operating result between EUR 900 and 1,000 (2022/23: 704) million.