Südzucker AG / Key word(s): Final Results/Forecast
10.04.2015 08:48
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Mannheim, 10 April 2015
Südzucker is expecting further group operating profit decline in financial
year 2015/16
Südzucker AG, Mannheim, in financial year 2014/15 (1 March 2014 to 28
February 2015) generated group revenues of about EUR 6.8 (previous year:
7.5) billion. As expected, group operating profit significantly reduced to
about EUR 180 (previous year: 622) million. While segments sugar and
CropEnergies posted operating profit declines, the special products segment
boosted its operating profit. The fruit segment generated an operating
profit on the good prior year's level. The result from
restructuring/special items came in at about EUR -45 (previous year: -116)
million, comprising amongst others: restructuring expense with regards to
the reduction of administration cost in Tienen, Belgium; closure of the
refinery at the site in Marseille, France; the temporary shutdown of
CropEnergies' bioethanol plant in Wilton, UK; and in Austria the
concentration of fruit preparations production at one location.
Already in October 2014 and January 2015 Südzucker quarterly financial
reports pointed out to the further deterioration of operating profit in
the sugar segment and the ongoing burdened earnings within CropEnergies
segment in financial year 2015/16. Major reason is the continued
unsatisfying sales revenue environment in the European sugar and ethanol
markets. Against this background Südzucker for financial year 2015/16 is
expecting a group revenue decline to about EUR 6.0 - 6.3 billion and a
significant decrease of group operating profit to about EUR 50 - 150
million. Also the group operating profit for the first quarter in the
current financial year 2015/16 will come in significantly below previous
year.
Despite the prolonged difficult environment Südzucker confirms its mid-term
guidance for the group operating profit of about EUR 550 million.
Publication of the annual financial report 2014/15 with a detailed guidance
for financial year 2015/16 will follow on 21 May 2015.
Südzucker AG
Central Investor Relations Department
Nikolai Baltruschat
MaximilianstraÃe 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 three 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.
10.04.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and 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
End of Announcement DGAP News-Service
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DGAP-Adhoc: Südzucker AG: Südzucker is expecting further group operating profit decline in financial
| Source: EQS Group AG