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DGAP-Adhoc: Südzucker confirms full-year outlook following sound first quarter 2020/21

eqs_en 
0 0 17.06.20
DGAP-Adhoc: Südzucker confirms full-year outlook following sound first quarter 2020/21: http://s3-eu-west-1.amazonaws.com/sharewise-dev/attachment/file/23741/S%C3%BCdzucker_neu.png
 

DGAP-Ad-hoc: Südzucker AG / Key word(s): Quarter Results
Südzucker confirms full-year outlook following sound first quarter 2020/21

17-Jun-2020 / 15:51 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

In the first quarter of current fiscal year 2020/21 (1 March to 31 May 2020), Südzucker AG reached consolidated group revenues of EUR 1,669 (previous year: 1,680) million. The consolidated group operating result significantly increased to EUR 61 (previous year: 47) million. Significant earnings improvements have been achieved in sugar and special products segments. Significantly lower earnings have been noted in CropEnergies and fruit segments.

Against this background Südzucker confirms the consolidated group outlook, initially published 22 April 2020. Südzucker expects for fiscal year 2020/21 consolidated group revenues between EUR 6.9 to 7.2 (previous year: 6.7) billion. Consolidated group operating result should come in between EUR 300 to 400 (previous year: 116) million. Due to the ongoing corona pandemic and related high volatility in all segments, this outlook is still affected by a very high uncertainty.

The full report for the first quarter 2020/21 will be published on 9 July 2020.

Südzucker AG
Central Investor Relations Department
Nikolai Baltruschat
Maximilianstraße 10
68165 Mannheim, Germany
Phone: +49 621 421-240
Fax: +49 621 421-449
[email protected]

17-Jun-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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: 1072635

 
End of Announcement DGAP News Service

1072635  17-Jun-2020 CET/CEST

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Südzucker AG Stock

€13.06
-0.460%
The price for the Südzucker AG stock decreased slightly today. Compared to yesterday there is a change of -€0.060 (-0.460%).
Currently there is a rather positive sentiment for Südzucker AG with 4 Buy predictions and 0 Sell predictions.
With a target price of 15 € there is a slightly positive potential of 14.85% for Südzucker AG compared to the current price of 13.06 €.
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EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




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