Südzucker AG - Earnings Release 2021

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

[email protected]

16-Jun-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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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