Ad-hoc | 27 May 2008 12:34
Südzucker AG Mannheim/Ochsenfurt / Dividend
Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
----------------------------------------------------------------------
Mannheim, May, 27th 2008
Südzucker Group has exceeded expectations for fiscal 2007/08. Based on a
significant drop in profits in comparison to prior year, group revenues
reached prior year level of € 5.8 bn and operating profit came in at € 233
(prior year 419) million.
As a result, and in view of the still encumbered profit situation for
2008/09, the executive and supervisory boards recommend payment of a
dividend of € 0.40 (prior year 0.55) per share. Because the restructuring
of the sugar market has still not come to a close, Südzucker expects
revenues and operating profit for the current 2008/09 business year to be
at last year's level; however, the company is forecasting operating profit
to increase to at least € 400 million as early as 2009/10.
27.05.2008 Financial News transmitted by DGAP
----------------------------------------------------------------------
Language: English
Issuer: Südzucker AG Mannheim/Ochsenfurt
Maximilianstr. 10
68165 Mannheim
Deutschland
Phone: +49 (0)621 - 421-530
Fax: +49 (0)621 - 421-7530
E-mail: investor.relations@suedzucker.de
Internet: www.suedzucker.de
ISIN: DE0007297004, DE0008461021 DE0001780807 DE000A0AABH1 XS0222524372
WKN: 729700, 846102, 178080, A0AABH, A0E6FU,
Indices: MDAX
Listed: Regulierter Markt in Berlin, Frankfurt (Prime Standard),
Düsseldorf, Hamburg, München, Stuttgart; Freiverkehr in
Hannover
End of News DGAP News-Service
---------------------------------------------------------------------------