21.11.2013
Südzucker AG Mannheim/Ochsenfurt DE0007297004
DGAP-Adhoc: Südzucker AG Mannheim/Ochsenfurt: Südzucker adapts forecast for financial year 2013/14
Südzucker AG Mannheim/Ochsenfurt / Key word(s): Forecast/Change in Forecast
21.11.2013 13:45
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Mannheim, 21 November 2013
Südzucker AG Mannheim/Ochsenfurt, Mannheim, now expects for financial year
2013/14 group revenues of about EUR 7.6 (previous year: 7.9) billion and a
stronger than expected decrease in group operating profit to about EUR 650
(previous year: 974) million. The adaption of the forecast is based upon
the marketing result of sugar produced in campaign 2013 missing the
expectations and a further decline in business development since the end of
the first half year 2013/14. Against this background Südzucker also expects
group operating profit for the third quarter of the current financial year
2013/14 to come in significantly below previous year's level.
In spite of the reduced earnings expectation for financial year 2013/14
Südzuckers cash flow strength - with high investments into the growth of
Südzucker Group at the same time - will lead to a further reduction of net
financial debt to a level of EUR 300 to 400 (previous year: 464) million.
The annualized effect out of the reduced sugar marketing result and the
higher fix costs following the lower sugar production volume of sugar
campaign 2013 will burden operating result of segment sugar in financial
year 2014/15.
The interim report for the first three quarters of 2013/14 will be
published on 13 January 2014.
Südzucker AG Mannheim/Ochsenfurt
Central Investor Relations Department
Nikolai Baltruschat
Theodor-Heuss-Anlage 12
68165 Mannheim
Phone: 49 621 421-240
Fax: 49 621 421-321
[email protected]
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 food (BENEO), chilled/frozen
products (Freiberger), portion packs (PortionPack Europe) and starch
businesses, 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 2012/13, the group employed 17,940 persons and generated revenues of
about EUR 7.9 billion.
21.11.2013 DGAP's 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 Mannheim/Ochsenfurt
Theodor-Heuss-Anlage 12
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: MDAX
Listed: Regulierter Markt in Berlin, Düsseldorf, Frankfurt (Prime
Standard), Hamburg, München, Stuttgart; Freiverkehr in
Hannover
End of Announcement DGAP News-Service
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