Südzucker AG

Earnings Release • Oct 25, 2019

News Details

Ad-hoc | 25 October 2019 14:08

Südzucker increases operating result outlook in further very positive ethanol mar-ket environment

Südzucker AG / Key word(s): Change in Forecast

Südzucker increases operating result outlook in further very positive ethanol mar-ket environment

25-Oct-2019 / 14:08 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.

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Insider information publication according to section 17 MAR

Mannheim, 25 October 2019

Südzucker increases operating result outlook in further very positive ethanol market environment

Against the background of a further very positive ethanol market environment, Südzucker AG

increases the group full year outlook. Südzucker still expects for financial year 2019/20 group revenues of EUR 6.7 to 7.0 (previous year: 6.8) billion, but now expects group operating result to reach EUR 50 to 130 (previous forecast: 0 to 100; previous year: 27) million and EBITDA to reach EUR 410 to 490 (previous forecast: 360 to 460; previous year: 353) million.

Now, Südzucker estimates the sugar segment to post an operating loss of EUR -200 to -260 (previous forecast: -200 to -300; previous year: -239) million. In the fruit segment Südzucker expects results to decline significantly (previous year: EUR 77 million). In contrast, we are expecting a moderately improved operating result (previous year: EUR 156 million) for the special products segment. The CropEnergies segment’s operating result is now estimated to range between EUR 70 to 90 (previous forecast: 50 to 75; previous year: 33) million. Main reason for the improvement are significantly higher sales revenues for renewable ethanol. They also result from a robust demand for climate-friendly alternatives to fossil fuel in several European countries.

For current third quarter of financial year 2019/20, Südzucker now expects a slightly positive group operating result (previous forecast: significant reduction in operating loss; previous year: EUR -23 million).

As a result of the ongoing difficult global sugar market environment, Südzucker expects in the course of financial year 2019/20 for the group at equity result – not included in the operating

result – a significantly negative impact from the business development of associated English company ED&F Man Holdings Limited (Südzucker AG participation about 35 percent). Especially non-cash burden from the strategic realignment will be included at ED&F Man which will concretize in the third quarter.

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

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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:	897447

End of Announcement	DGAP News Service