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SüDZUCKER AG MANNHEIM/OCHSENFURT (FRA:SZU) Südzucker AG: Südzucker concretises earnings forecast following strong third quarter 2019/20

Directive transparence : information réglementée

18/12/2019 13:28

DGAP-Ad-hoc: Südzucker AG / Key word(s): Quarter Results/Forecast
Südzucker AG: Südzucker concretises earnings forecast following strong third quarter 2019/20

18-Dec-2019 / 13:28 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, 18 December 2019
 

Südzucker concretises earnings forecast following strong third quarter 2019/20

In the third quarter (1 September to 30 November 2019) of current fiscal year 2019/20, Südzucker AG reached consolidated group revenues of EUR 1,713 (previous year: 1,717) million. The consolidated group operating result significantly increased to EUR 39 (previous year: -23) million. Significant earnings improvements have been achieved in segments sugar, special products and CropEnergies, whilst segment fruit came in with a significant decrease.

In the first nine months (1 March to 30 November 2019) consolidated group revenues reached EUR 5,028 (previous year: 5,192) million. Now, consolidated group operating result achieved in the same period almost previous year's level with EUR 113 (previous year: 116) million.

Against this background Südzucker concretises the full year group forecast. Südzucker still expects for fiscal year 2019/20 consolidated group revenues between EUR 6.7 to 7.0 (previous year: 6.8) billion, but now assumes consolidated group operating result to reach between EUR 70 to 130 (previous forecast: 50 to 130; previous year: 27) million and EBITDA between EUR 430 to 490 (previous forecast: 410 to 490; previous year: 353) million.

Südzucker still expects the sugar segment to post an operating loss between EUR -200 to -260 (previous year: -239) million. Now, we expect the special products segment to show a significant earnings increase (previous forecast: moderate increase; previous year: EUR 156 million). The CropEnergies segment should reach an operating result of approximately EUR 100 (previous forecast: 70 to 90; previous year: 33) million. Main reason for the improvement are continued significantly higher sales revenues for renewable ethanol. In the fruit segment we still expect a significant earnings decline (previous year: EUR 77 million).

The report for the third quarter 2019/20 will be published on 14 January 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


18-Dec-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: 939049

 
End of Announcement DGAP News Service

939049  18-Dec-2019 CET/CEST

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