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Südzucker AG
Earnings Release • Jun 16, 2021
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Earnings Release
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News Details
Ad-hoc | 16 June 2021 17:32
Südzucker according to preliminary figures first quarter significantly below previous year – full-year forecast 2021/22 confirmed
Südzucker AG / Key word(s): Quarter Results
Südzucker according to preliminary figures first quarter significantly below previous year – full-year forecast 2021/22 confirmed
16-Jun-2021 / 17:32 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 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.
Südzucker AG
Maximilianstraße 10
68165 Mannheim, Germany
Investor Relations:
Nikolai Baltruschat
Phone: +49 621 421-240
16-Jun-2021 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 – 421-843 |
| Fax: | +49 (0)621 – 421-449 |
| 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 |
| EQS News ID: | 1208841 |
| End of Announcement | DGAP News Service |