Investor Relations News
Südzucker sets course for the future
In January 2008 Dr. Theo Spettmann, Spokesman of the Executive Board, did announce to retire on conclusion of the annual general meeting 2009 - at the age of 65. The Supervisory Board therefore arranged his succession at its meeting on 27 November 2008.
Südzucker maintains forecast despite unfavorable conditions
Half-year operating profit impacted by one-time inventory write-down in fruit segment
Mannheim/Ochsenfurt-based Südzucker AG's consolidated half-year revenues (March 1 to August 31, 2008) came in at EUR 2,997.5 million, up about 6 % from last year's EUR 2,821.9 million.
Südzucker confirms forecast
At the General Meeting of Südzucker AG Mannheim/Ochsenfurt on 29 July 2008, the shareholders agreed to the proposal from the Supervisory Board and Executive Board to distribute a dividend of EUR 0.40 (previous year: 0.55) per share.
Südzucker meets expectations
Südzucker AG Mannheim/Ochsenfurt consolidated revenues rose 10 % to EUR 1.47 (last year: 1.34) billion and operating profit climbed 18 % to EUR 63 (last year: 54) million in the first quarter (March 1 to May 31, 2008).
Südzucker partners with Mauritius
On June 2, 2008, Südzucker and the Mauritius Sugar Syndicate, the marketing arm of the sugar industry in Mauritius, signed a long term partnership agreement, starting in 2009 and ending in 2015, for the annual supply of some 400,000 tonnes of cane sugar into the EU market.
Südzucker forecasts substantial operating profit improvement for 2009/10
In 2007/08, developments at Südzucker Group were largely shaped by turbulence in the agricultural markets. Group revenues remained steady at EUR 5.8 billion, the same level as last year, thanks to growth in the special product segment. However, group operating profit fell by 44 % to EUR 233 (last year: 419) million as a result of the transition phase following the reform of the EU sugar market regulation.
Südzucker with dividend of EUR 0.40
Südzucker Group's repeat performance on consolidated revenues of EUR 5.8 billion, and a consolidated operating profit of EUR 233 million (last year: 419), once again beat forecasts in 2007/08. However, compared to last year, the company had to contend with significant profit deterioration.
Südzucker Group contributes to sugar market reform
By fall of 2007, insufficient progress had been made on the 6-million-tonne reduction in European sugar production quotas called for by the sugar market reforms dated July 1, 2006. In October 2007, the commission therefore increased the incentives to renounce sugar quotas. This resulted in additional quota returns of about 2.6 million tonnes by January 31, 2008.
New Executive Board member at Südzucker
At its meeting on 24 January 2008, the Supervisory Board of Südzucker AG Mannheim/Ochsenfurt, Mannheim, decided to appoint Dr. Wolfgang Heer (51) as a member of the Executive Board with effect from 1 March 2008. Dr. Heer is set to succeed Dr. Spettmann as Chief Sales Officer.
Südzucker confirms annual forecast
In the first three quarters of the current 2007/08 financial year (March 1 - November 30, 2007) group revenues of EUR 4.4 billion reached last year's level. The export-driven decrease in the sugar segment was offset by gains in the special products and fruit segments.