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Südzucker AG
Earnings Release • Sep 20, 2018
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Earnings Release
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Ad-hoc | 20 September 2018 12:09
Südzucker AG: Südzucker reduces full year outlook in further very difficult market environment
Südzucker AG / Key word(s): Change in Forecast
Südzucker AG: Südzucker reduces full year outlook in further very difficult market environment
20-Sep-2018 / 12:09 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, 20 September 2018
Südzucker reduces full year outlook in further very difficult market environment
Südzucker AG group revenues in the first half year (1 March 2018 to 31 August 2018) of current financial year 2018/19 reached EUR 3,475 (previous year: 3,493) million. Group operating profit significantly decreased in the same period to EUR 139 (previous year: 282) million. In the second quarter (1 June 2018 to 31 August 2018) group revenues reached EUR 1,734 (previous year: 1,710) million. Group operating profit significantly decreased in the same period to EUR 62 (previous year: 128) million. The earnings decrease is caused especially by the decreasing results in the sugar and CropEnergies segments.
Südzucker now expects for financial year 2018/19 group revenues of EUR 6.6 to 6.9 (previous forecast: 6.8 to 7.1; previous year: 7.0) billion and group operating profit to reach EUR 25 to 125 (previous forecast: 100 to 200; previous year: 445) million. This adjustment is caused by the further very difficult market environment for sugar, saccharification products (starch) and ethanol. The forecast for the sugar segment in the current difficult environment and in light of the drought in the large growing areas of Südzucker Group is marked by a high degree of uncertainty.
The full interim report for the first half year 2018/19 will be published on 11 October 2018.
Südzucker AG
Central Investor Relations Department
Nikolai Baltruschat
Maximilianstraße 10
68165 Mannheim, Germany
Phone: +49 621 421-240
Fax: +49 621 421-449
20-Sep-2018 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: | [email protected] |
| 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 |
| End of Announcement | DGAP News Service |