SüDZUCKER AG MANNHEIM/OCHSENFURT (FRA:SZU) Südzucker confirms full-year outlook following sound first quarter 2020/21

Directive transparence : information réglementée

17/06/2020 15:51

DGAP-Ad-hoc: Südzucker AG / Key word(s): Quarter Results
Südzucker confirms full-year outlook following sound first quarter 2020/21

17-Jun-2020 / 15:51 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.

In the first quarter of current fiscal year 2020/21 (1 March to 31 May 2020), Südzucker AG reached consolidated group revenues of EUR 1,669 (previous year: 1,680) million. The consolidated group operating result significantly increased to EUR 61 (previous year: 47) million. Significant earnings improvements have been achieved in sugar and special products segments. Significantly lower earnings have been noted in CropEnergies and fruit segments.

Against this background Südzucker confirms the consolidated group outlook, initially published 22 April 2020. Südzucker expects for fiscal year 2020/21 consolidated group revenues between EUR 6.9 to 7.2 (previous year: 6.7) billion. Consolidated group operating result should come in between EUR 300 to 400 (previous year: 116) million. Due to the ongoing corona pandemic and related high volatility in all segments, this outlook is still affected by a very high uncertainty.

The full report for the first quarter 2020/21 will be published on 9 July 2020.

Südzucker AG
Central Investor Relations Department
Nikolai Baltruschat
Maximilianstraße 10
68165 Mannheim, Germany
Phone: +49 621 421-240
Fax: +49 621 421-449

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Language: English
Company: Südzucker AG
Maximilianstr. 10
68165 Mannheim
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: 1072635

End of Announcement DGAP News Service

1072635  17-Jun-2020 CET/CEST