Suedzucker AG

SZU

Equity

ISIN DE0007297004 / Valor 349450

Xetra (2024-11-22)

EUR 11.20+1.08%

Suedzucker AG
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Suedzucker AG is a leading integrated group that utilizes plants to produce a variety of products for various aspects of everyday life, with a focus on sugar, nutrition, energy, packaging, and cosmetics. The company's diverse product range caters to a wide range of industries and consumer needs, showcasing its versatility and innovation in the market.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Revenue Growth

Suedzucker AG reported consolidated group revenues of €7,779 million for the first to third quarter of 2023/24, marking a 9.5% increase from the €7,106 million recorded in the same period of the previous year. This growth was driven by higher revenues in the sugar, special products, and fruit segments, despite declines in the CropEnergies and starch segments.

EBITDA Increase

For the first to third quarter of 2023/24, Suedzucker AG's EBITDA rose significantly to €1,124 million, up from €805 million in the same period of the previous year. This improvement reflects the company's enhanced operational efficiency and cost management across most of its business segments.

Operating Result

Suedzucker AG's consolidated group operating result for the first to third quarter of 2023/24 was €860 million, a substantial increase from the €536 million reported in the same period of the previous year. The sugar and special products segments contributed significantly to this positive outcome, offsetting declines in the CropEnergies and starch segments.

Net Earnings

Net earnings for Suedzucker AG in the first to third quarter of 2023/24 were €596 million, up from €375 million in the same period of the previous year. This increase was primarily attributed to higher operating results and improved financial performance across various segments.

Full-Year Forecast

Suedzucker AG confirmed its full-year fiscal 2023/24 forecast on 15 November 2023, projecting consolidated group revenues between €10.0 and €10.5 billion, EBITDA between €1.3 and €1.4 billion, and a consolidated group operating result between €900 and €1,000 million. This outlook reflects the company's confidence in its ongoing growth and profitability.

Summarized from source with an LLMView Source

Key figures

-21.8%1Y

-16.7%3Y

-10.8%5Y

Performance

19.8%1Y

26.4%3Y

29.1%5Y

Volatility