26.03.2018
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DGAP-Adhoc: Südzucker AG: Südzucker with first outlook for financial year 2018/19
DGAP-Ad-hoc: Südzucker AG / Key word(s): Preliminary Results/Forecast
Südzucker AG: Südzucker with first outlook for financial year 2018/19
26-March-2018 / 16:58 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, 26 March 2018
Südzucker with first outlook for financial year 2018/19
Südzucker AG announces preliminary figures. In financial year 2017/18 (1
March 2017 to 28 February 2018) group revenues reached about EUR 7.0
(previous year: 6.5) billion. Group operating result increased in the same
period to about EUR 440 (previous year: 426) million. The increase is caused
as expected especially by segment sugar.
Conditional to a respective resolution by the supervisory board (expected 16
May 2018), an unchanged dividend of 0.45 Euro per share shall be recommended
for financial year 2017/18 to the annual general meeting, taking place 19
July 2018.
Südzucker expects group revenues of EUR 6.8 to 7.1 billion for financial
year 2018/19 and group operating result to decrease significantly to EUR 100
to 200 million. In this connection we expect an operating loss of EUR 100 to
200 million in sugar segment. This temporary development is mainly driven by
the expected burden in light of changes in the EU sugar market as well as by
the ongoing very weak world market environment reflecting a global
production surplus. On the other hand we expect earnings improvements in
special products and fruit segments. CropEnergies segment is expected to
reach an operating result range of EUR 30 to 70 million.
Despite the current difficult framework for sugar, we expect an EBITDA level
of EUR 420 to 520 million.
The full report for financial year 2017/18 will be published on 17 May 2018.
Südzucker AG
Investor Relations
Nikolai Baltruschat
Maximilianstraße 10
68165 Mannheim
Tel.: +49 621 421-240
Fax: +49 621 421-449
[email protected]
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 2016/17, the group employed about 16,900 persons and generated revenues
of EUR 6.5 billion.
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26-March-2018 CET/CEST 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: [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
End of Announcement DGAP News Service
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668863 26-March-2018 CET/CEST
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