DGAP-Adhoc: Südzucker AG: Südzucker concretises earnings forecast following strong third quarter 2019/20
DGAP-Ad-hoc: Südzucker AG / Key word(s): Quarter Results/Forecast Insider information publication according to section 17 MAR Südzucker concretises earnings forecast following strong third quarter 2019/20 In the third quarter (1 September to 30 November 2019) of current fiscal year 2019/20, Südzucker AG reached consolidated group revenues of EUR 1,713 (previous year: 1,717) million. The consolidated group operating result significantly increased to EUR 39 (previous year: -23) million. Significant earnings improvements have been achieved in segments sugar, special products and CropEnergies, whilst segment fruit came in with a significant decrease. In the first nine months (1 March to 30 November 2019) consolidated group revenues reached EUR 5,028 (previous year: 5,192) million. Now, consolidated group operating result achieved in the same period almost previous year's level with EUR 113 (previous year: 116) million. Against this background Südzucker concretises the full year group forecast. Südzucker still expects for fiscal year 2019/20 consolidated group revenues between EUR 6.7 to 7.0 (previous year: 6.8) billion, but now assumes consolidated group operating result to reach between EUR 70 to 130 (previous forecast: 50 to 130; previous year: 27) million and EBITDA between EUR 430 to 490 (previous forecast: 410 to 490; previous year: 353) million. Südzucker still expects the sugar segment to post an operating loss between EUR -200 to -260 (previous year: -239) million. Now, we expect the special products segment to show a significant earnings increase (previous forecast: moderate increase; previous year: EUR 156 million). The CropEnergies segment should reach an operating result of approximately EUR 100 (previous forecast: 70 to 90; previous year: 33) million. Main reason for the improvement are continued significantly higher sales revenues for renewable ethanol. In the fruit segment we still expect a significant earnings decline (previous year: EUR 77 million). The report for the third quarter 2019/20 will be published on 14 January 2020. Südzucker AG
18-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
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 |
EQS News ID: | 939049 |
End of Announcement | DGAP News Service |
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939049 18-Dec-2019 CET/CEST
Südzucker AG Aktie
Leichte Kaufneigung bei Südzucker AG, mit mehr Buy- als Sell-Einschätzungen.
Ein leicht positives Potenzial wird für Südzucker AG mit einem Kursziel von 14 € im Vergleich zu 12.13 € gesehen.