DGAP-Ad-hoc: Südzucker AG / Key word(s): Quarter Results
In the first quarter of current fiscal year 2021/22 (1 March to 31 May 2021), Südzucker AG according to preliminary figures reached consolidated group revenues of about EUR 1.75 (previous year: 1.67) billion. The consolidated group operating result significantly decreased to about EUR 49 (previous year: 61) million.
Pandemic driven heterogeneous business development since first quarter 2020/21 led to numerous distortions within the quarters and within the whole business year 2020/21. They can lead partially to adverse effects within the quarters of current business year 2021/22. Against this background and the unchanged expectation of a further progress fighting the pandemic, Südzucker confirms its first group forecast dated 20 May 2021. We expect for fiscal year 2021/22 consolidated group revenues between EUR 7.0 and 7.2 (previous year: 6.7) billion. Consolidated group operating result is still expected to come in between EUR 300 and 400 (previous year: 236) million. Despite expected decreasing effects from the corona pandemic, there are still risks linked to the pandemic in business year 2021/22. The respective economic and financial impact and duration is still difficult to assess.
The full report for the first quarter 2021/22 will be published on 8 July 2021.
Phone: +49 621 421-240
16-Jun-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
|Phone:||+49 (0)621 - 421-843|
|Fax:||+49 (0)621 - 421-449|
|ISIN:||DE0007297004, XS0606202454, DE000A1AJLE6, XS0222524372|
|WKN:||729700, A1GNRQ, A1AJLE, A0E6FU,|
|Listed:||Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich, Stuttgart; Regulated Unofficial Market in Hanover, Tradegate Exchange|
|EQS News ID:||1208841|
|End of Announcement||DGAP News Service|
1208841 16-Jun-2021 CET/CEST