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Suedzucker AG (SZUG.DE)

SZUG.DE on Xetra

15.07EUR
19 Aug 2019
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€16.20
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€10.85

Latest Key Developments (Source: Significant Developments)

Suedzucker Q1 Revenues Down To EUR 1.68 Bln
Thursday, 11 Jul 2019 

July 11 (Reuters) - Suedzucker AG ::FIRST-QUARTER 2019/20 REVENUES OF SÜDZUCKER AG DECREASED TO EUR 1,680 (PREVIOUS YEAR: 1,741) MILLION.Q1 CONSOLIDATED GROUP OPERATING RESULT DECREASED AS EXPECTED SIGNIFICANTLY TO EUR 47 (PREVIOUS YEAR: 78) MILLION.FISCAL YEAR 2019/20 FORECAST CONFIRMED.  Full Article

Suedzucker to close 5 factories in restructuring move
Monday, 25 Feb 2019 

Feb 25 (Reuters) - Suedzucker AG ::DGAP-ADHOC: SÜDZUCKER AG: SÜDZUCKER SUPERVISORY BOARD AGREES ON RESTRUCTURING PLAN FOR SUGAR SEGMENT.SÜDZUCKER SUPERVISORY BOARD AGREES ON RESTRUCTURING PLAN FOR SUGAR SEGMENT.TARGETS TO REDUCE IMPACT OF STRONG PRICE VARIATION IN GLOBAL AND EU SUGAR MARKETS ON SUGAR SEGMENT AND THEREFORE TO SECURE AND STRENGTHEN SUSTAINED ECONOMIC CORPORATE SUCCESS.IT IS PLANNED TO CLOSE FIVE SUGAR FACTORIES WITH AN AVERAGE ANNUAL TOTAL SUGAR PRODUCTION VOLUME OF ABOUT 700,000 TONNES, TO STREAMLINE CAPACITIES MORE ALONGSIDE EUROPEAN MARKET DEMAND.FOLLOWING CAMPAIGN 2019 THERE SHOULD BE TWO FACTORY CLOSURES IN GERMANY (BROTTEWITZ AND WARBURG) AND TWO FACTORY CLOSURES AT FRENCH SUBSIDIARY SAINT LOUIS SUCRE (CAGNY AND EPPEVILLE).AFFECTED FACTORY AT POLISH SUBSIDIARY SÜDZUCKER POLSKA (STRZYŻÓW) SHOULD BE CLOSED EARLIER.TOTAL COST SAVINGS IMPACT COULD AMOUNT IN FOLLOWING YEARS UP TO APPROXIMATELY EUR 100 MILLION P.A. DEPENDING ON SUGAR WORLD MARKET PRICE.RESTRUCTURING EXPENSES COULD AMOUNT IN TOTAL IN FOLLOWING YEARS TO EUR 180 TO 220 MILLION, OF WHICH ABOUT 70 PERCENT ARE CASH FLOW RELATED.CONCRETE FINANCIAL IMPLICATIONS FOR BUSINESS YEAR 2018/19, AMONG OTHERS REVIEW OF GOODWILL VALUE, WILL BE DETERMINED IN LINE WITH ANNUAL ACCOUNTS PREPARATION.GROUP'S REVENUES AND OPERATING RESULT OUTLOOK FOR BUSINESS YEAR 2018/19 IS NOT AFFECTED BY THIS.  Full Article

Suedzucker Concretizes Restructuring Plan For Sugar Segment
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - Suedzucker AG ::DGAP-ADHOC: SÜDZUCKER AG: SÜDZUCKER CONCRETIZES RESTRUCTURING PLAN FOR SUGAR SEGMENT.IN GERMANY AND OTHER EUROPEAN COUNTRIES IT CONTEMPLATES CAPACITY ADAPTATIONS.CAPACITY ADAPTATIONS COULD LEAD TO FACTORY CLOSURES WITH A REDUCTION OF SUGAR PRODUCTION VOLUME OF UP TO APPROXIMATELY 700,000 TONNES P.A..TOTAL COST SAVINGS IMPACT COULD AMOUNT UP TO APPROXIMATELY EUR 100 MILLION P.A..  Full Article

Suedzucker 9Mth Consolidated Group Operating Result Down At EUR 116 Mln
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - SUEDZUCKER AG ::9-MONTH CONSOLIDATED GROUP REVENUES OF EUR 5,192 MILLION (PREVIOUS YEAR: 5,302 MILLION).CONFIRMS FULL-YEAR FORECAST.9-MONTH CONSOLIDATED GROUP OPERATING RESULT FELL SIGNIFICANTLY TO EUR 116 (PREVIOUS YEAR: 384) MILLION.FY CONSOLIDATED GROUP OPERATING RESULT IS EXPECTED WITHIN A RANGE OF EUR 25 TO 125 (PREVIOUS YEAR: 445) MILLION.  Full Article

Suedzucker CEO Says Company Will Cut Costs For A Competitive Lead In Difficult Market
Thursday, 19 Jul 2018 

July 19 (Reuters) - Suedzucker AG ::CEO SAYS COMPANY IS CONVINCED SUGAR MARKET WILL STABILISE AFTER TRANSITION PERIOD, PRICES SHOULD AGAIN REACH PROFITABLE LEVEL.CEO SAYS COMPANY STILL IN A DIFFICULT TRADING ENVIRONMENT WITH WORLD SUGAR SURPLUS, EXTREMELY LOW PRICES.COMPANY WILL CUT COSTS FOR A COMPETITIVE LEAD IN DIFFICULT MARKET.  Full Article

Suedzucker says fall in sugar price drastic
Thursday, 17 May 2018 

HAMBURG, May 17 (Reuters) - Suedzucker says :SUGAR SALES REVENUES IN EU AND FOR EXPORTS HAVE CONTINUALLY FALLEN IN NEW SUGAR SEASON STARTING IN OCTOBER 2017.DRASTIC FALL IN SUGAR PRICES CANNOT BE COMPENSATED BY FALLING PRODUCTION COSTS, HIGHER SALES VOLUMES.REPEATS FORECAST FOR OPERATING LOSS IN SUGAR DIVISION OF 100-200 MILLION EUROS IN NEW 2018/19 YEAR.  Full Article

CropEnergies FY EBITDA At EUR 111 Million
Wednesday, 16 May 2018 

May 16 (Reuters) - Cropenergies Ag ::DGAP-NEWS: CROPENERGIES FINISHES FINANCIAL YEAR AS EXPECTED WITH INCREASE IN REVENUES - OPERATING PROFIT OF EUR 30 TO EUR 70 MILLION EXPECTED FOR 2018/19 - POLITICAL FRAMEWORK SHOULD GIVE INDUSTRY LONG-TERM ORIENTATION BY END OF 2018.DIVIDEND 0.25 EURPER SHARE VERSUS 0.30 EURPER SHARE YEAR AGO.FY OPERATING PROFIT, AT EUR 72 (PREVIOUS YEAR: EUR 98) MILLION.FY REVENUES WERE INCREASED SIGNIFICANTLY BY 10 PERCENT TO EUR 882 (PREVIOUS YEAR: EUR 802) MILLION..FY EBITDA OF EUR 111 (PREVIOUS YEAR: EUR 135) MILLION.FY REVENUES WERE INCREASED SIGNIFICANTLY BY 10 PERCENT TO EUR 882 (PREVIOUS YEAR: EUR 802) MILLION.EXPECTS REVENUES BETWEEN EUR 840 AND EUR 900 MILLION FOR FY 2018/19.OUTLOOK 2018: SEES EBITDA TO LIE IN A RANGE OF EUR 70 TO EUR 110 MILLION.  Full Article

Suedzucker FY Group Operating Result At EUR 440 Mln
Monday, 26 Mar 2018 

March 26 (Reuters) - SUEDZUCKER AG ::SÜDZUCKER WITH FIRST OUTLOOK FOR FINANCIAL YEAR 2018/19.FY 2017/18 GROUP REVENUES REACHED ABOUT EUR 7.0 (PREVIOUS YEAR: 6.5) BILLION.FY GROUP OPERATING RESULT INCREASED TO ABOUT EUR 440 (PREVIOUS YEAR: 426) MILLION.PROPOSES UNCHANGED DIVIDEND OF 0.45 EURO PER SHARE.EXPECTS GROUP REVENUES OF EUR 6.8 TO 7.1 BILLION FOR FINANCIAL YEAR 2018/19.FOR 2018/19 SEES GROUP OPERATING RESULT TO DECREASE SIGNIFICANTLY TO EUR 100 TO 200 MILLION.FOR 2018/19 SEES EBITDA LEVEL OF EUR 420 TO 520 MILLION.  Full Article

Suedzucker successfully places EUR 500 mln bond‍​
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - SUEDZUCKER ::SUCCESSFULLY PLACED EUR 500 MILLION BOND TO EUROPEAN INVESTORS VIA ITS WHOLLY-OWNED DUTCH SUBSIDIARY ‍​.  Full Article

Suedzucker unit Freiberger acquires a U.S.-based pizza producer
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - SUEDZUCKER ::DGAP-ADHOC: SÜDZUCKER AG: SÜDZUCKER SUBSIDIARY FREIBERGER ACQUIRES RICHELIEU, A U.S.-BASED PIZZA PRODUCER.‍ENTERPRISE VALUE IS USD 435 MILLION​.  Full Article

UPDATE 1-Suedzucker sees no turnaround yet in tough sugar market

HAMBURG, July 18 Suedzucker, Europe's largest sugar refiner, said on Thursday that trading conditions remained intensely difficult with low sugar prices and no turnaround likely for the company's current financial year.