jump to content

jump to navigation

Fiscal year 2018/19

Group consolidated earnings

Income statement (PDF, 55.71 KB)
Result from operations
The result from operations of € – 761 (467) million for fiscal 2018/19 breaks down into the operating result of € 27 (445) million, the result from restructuring and special items of € – 810 (20) million and the result from companies consolidated at equity of € 22 (2) million.
Result of restructuring and special items
The result of restructuring and special items of € – 810 (20) million was driven primarily by the planned restructuring program, which calls for the shutdown of five sugar factories, and the € 673 million devaluation of the sugar segment’s goodwill. In addition, the special products segment reported a charge due to the revaluation of fixed assets at the starch plant in Zeitz.
Result from companies consolidated at equity
The result from companies consolidated at equity increased to € 22 (2) million.
Financial result
The financial result improved to € – 23 (– 41) million and comprises a net interest result of € – 22 (– 31) million and a result from other financing activities of € – 1 (– 10) million.
Taxes on income
Earnings before taxes of € – 784 (426) million resulted in taxes on income of € – 21 (– 108) million.
Net earnings
Of the net earnings of € – 805 (318) million, € – 844 (205) million were allocated to Südzucker AG shareholders, € 13 (13) million to hybrid bondholders and € 26 (100) million to other non-controlling interests, mainly the co-owners of AGRANA Group and CropEnergies Group.
Earnings per share
Earnings per share came in at € – 4.14 (1.00). The calculation is based on the time-weighted average of 204.2 (204.2) million shares outstanding. Of this, € – 3.30 per share is attributable to the impairment of goodwill in the amount of € 673 million.