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Suedzucker AG (SZUG.DE)

SZUG.DE on Xetra

13.30EUR
10:05pm IST
Change (% chg)

€-0.12 (-0.89%)
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€13.42
Open
€13.50
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€13.58
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€13.28
Volume
286,270
Avg. Vol
287,322
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€17.76
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€9.97

Latest Key Developments (Source: Significant Developments)

Suedzucker H1 Consolidated Group Operating Result Up At EUR 129 Million
Thursday, 8 Oct 2020 

Oct 8 (Reuters) - SUEDZUCKER AG ::H1 THE CONSOLIDATED GROUP OPERATING RESULT CLIMBED SIGNIFICANTLY TO EUR 129 (PREVIOUS YEAR: 74) MILLION..CONSOLIDATED REVENUES IN THE FIRST HALF YEAR OF FISCAL 2020/21 TOTALED EUR 3,349 (PREVIOUS YEAR: 3,314) MILLION.CONFIRMS CONSOLIDATED GROUP OUTLOOK FOR FISCAL 2020/21.FORECAST FOR THE THIRD QUARTER AND FOR FULL FISCAL 2020/21 IS STILL CHARACTERIZED BY VERY GREAT UNCERTAINTY.H1 SUGAR SEGMENT'S REVENUES WERE COMPARABLE TO LAST YEAR AT EUR 1,112 (PREVIOUS YEAR: 1,121) MILLION.H1 CROPENERGIES SEGMENT'S REVENUES FELL TO EUR 373 (PREVIOUS YEAR: 405) MILLION..OPERATING RESULT FOR THE THIRD QUARTER OF THE CURRENT FISCAL YEAR 2020/21 IS EXPECTED TO BE SIGNIFICANTLY ABOVE THE PREVIOUS YEAR'S LEVEL (PREVIOUS YEAR: EUR 39 MILLION)..  Full Article

Suedzucker FY Consolidated Operating Profit Up At EUR 116 Million
Thursday, 14 May 2020 

May 14 (Reuters) - SUEDZUCKER AG ::ANNUAL GENERAL MEETING SHALL BE HELD IN VIRTUAL FORM ON 16 JULY 2020.PROPOSED DIVIDEND OF EUR 0.20 PER SHARE.FY CONSOLIDATED OPERATING RESULT JUMPED SIGNIFICANTLY TO EUR 116 (PREVIOUS YEAR: 27) MILLION.FY GROUP'S CONSOLIDATED REVENUES DECLINED SLIGHTLY TO EUR 6,671 (PREVIOUS YEAR: 6,754) MILLION.GROUP REVENUES OF EUR 6.9 TO 7.2 (PREVIOUS YEAR: 6.7) BILLION ARE EXPECTED IN FISCAL 2020/21.FOR 2020/21CONSOLIDATED GROUP OPERATING RESULT IS EXPECTED TO RANGE BETWEEN EUR 300 AND 400 (PREVIOUS YEAR: 116) MILLION.INITIAL FORECAST PUBLISHED ON 22 APRIL 2020 IS SUBJECT TO ECONOMIC AND FINANCIAL IMPACT AS WELL AS DURATION OF CORONAVIRUS PANDEMIC.  Full Article

Suedzucker Increases FY Operating Result Outlook
Friday, 25 Oct 2019 

Oct 25 (Reuters) - SUEDZUCKER AG ::INCREASES OPERATING RESULT OUTLOOK IN FURTHER VERY POSITIVE ETHANOL MARKET ENVIRONMENT.NOW EXPECTS GROUP OPERATING RESULT TO REACH EUR 50 TO 130 (PREVIOUS FORECAST: 0 TO 100; PREVIOUS YEAR: 27) MILLION.NOW SEES FY EBITDA TO REACH EUR 410 TO 490 (PREVIOUS FORECAST: 360 TO 460; PREVIOUS YEAR: 353) MILLION..STILL EXPECTS FOR FINANCIAL YEAR 2019/20 GROUP REVENUES OF EUR 6.7 TO 7.0 (PREVIOUS YEAR: 6.8) BILLION.NOW, SÜDZUCKER ESTIMATES FY SUGAR SEGMENT TO POST AN OPERATING LOSS OF EUR -200 TO -260 (PREVIOUS FORECAST: -200 TO -300; PREVIOUS YEAR: -239) MILLION..FOR CURRENT Q3 OF FINANCIAL YEAR 2019/20, SÜDZUCKER NOW EXPECTS A SLIGHTLY POSITIVE GROUP OPERATING RESULT.EXPECTS IN 2019/20 FOR GROUP AT EQUITY RESULT A SIGNIFICANTLY NEGATIVE IMPACT FROM ED&F MAN HOLDINGS LIMITED (SÜDZUCKER AG PARTICIPATION ABOUT 35 PERCENT).ESPECIALLY NON-CASH BURDEN FROM STRATEGIC REALIGNMENT WILL BE INCLUDED AT ED&F MAN WHICH WILL CONCRETIZE IN Q3..  Full Article

Suedzucker H1 Group Operating Result Down At EUR 74 Mln
Thursday, 10 Oct 2019 

Oct 10 (Reuters) - SUEDZUCKER AG ::SUEDZUCKER CONFIRMS FULL-YEAR 2019/20 FORECAST.H1 CONSOLIDATED REVENUES OF EUR 3,314 (PREVIOUS YEAR: 3,475) MILLION.H1 GROUP OPERATING RESULT DROPPED AS EXPECTED SIGNIFICANTLY TO EUR 74 (PREVIOUS YEAR: 139) MILLION.H1 SUGAR SEGMENT'S REVENUES FELL SHARPLY TO EUR 1,121 (PREVIOUS YEAR: 1,389) MILLION.H1 SUGAR SEGMENT'S OPERATING LOSS OF EUR -93 (PREVIOUS YEAR: 3) MILLION HAD BEEN PREDICTED.Q2 OPERATING RESULT 28 MILLION EUROS, DOWN 54.8%.  Full Article

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's second-quarter earnings surge two-fold on sugar, biofuels strength

HAMBURG Suedzucker, Europe's largest sugar refiner, on Thursday posted a 142% surge in second-quarter earnings and reaffirmed its estimate of a stronger annual profit with its sugar and biofuels sectors performing well.