Ad-hoc | 22 September 2016 09:06
Südzucker AG / Key word(s): Half Year Results/Forecast
22.09.2016 09:06
Disclosure of an inside information according to Article 17 MAR,
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, 22 September 2016
Südzucker increases full year outlook following positive second quarter
Südzucker AG group revenues in the first half year (1 March 2016 to 31
August 2016) of current financial year 2016/17 reached EUR 3,205 (previous
year: 3,331) million. Group operating profit increased in the same period
to EUR 209 (previous year: 134) million. This earnings increase is caused
especially by the development in the sugar segment, but also all other
segments contributed.
Südzucker continues to expect for financial year 2016/17 group revenues of
EUR 6.4 to 6.6 (previous year: 6.4) billion and now expects group operating
profit to reach EUR 340 to 390 (previous year: 241) million. On the one
hand the increase is due to an ongoing positive performance of special
products segment in the second quarter. On the other hand a sugar price
increase is expected as of 1st of October, beginning of new sugar marketing
year 2016/17.
The full interim report for the first half year 2016/17 will be published
on 13 October 2016.
Group figures as of 31 August 2016
EUR million 2nd quarter 1st half year
2016/17 2015/16 2016/17 2015/16
Revenues 1.597 1.702 3.205 3.331
Operating profit 99 77 209 134
Operating margin 6,2% 4,5% 6,5% 4,0%
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
About the Südzucker Group
Südzucker, with its sugar, special products, CropEnergies and fruit
segments, is one of the leading companies in the food industry. In the
traditional sugar business, the group is the world market leader, with 29
sugar factories and two refineries, extending from France in the west via
Belgium, Germany and Austria, through to Poland, the Czech Republic,
Slovakia, Romania, Hungary, Bosnia and Moldova in the east. The special
products segment, consisting of the functional ingredients for food and
animal feed (BENEO), chilled/frozen products (Freiberger), portion packs
(PortionPack Europe) and starch divisions, is an important growth driver.
The CropEnergies segment covers the bioethanol activities in Germany,
Belgium, France and the UK. In the fruit segment, the group operates
internationally, is the world market leader for fruit preparations and is a
leading supplier of fruit juice concentrates in Europe.
In 2015/16, the group employed about 16,500 persons and generated revenues
of EUR 6.4 billion.
22.09.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.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: MDAX
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
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