Investor Relations News
Südzucker maintains forecast despite unfavorable conditions
Südzucker Group is confirming its revenue and operating profit forecasts for the sugar, special products and fruit segments for fiscal 2009/10 despite delays in capacity expansion at the bioethanol facilities of its subsidiary CropEnergies AG, located in Wanze, Belgium, and in spite of the difficult overall business situation.
Südzucker operating profit sharply higher - debt steadily reduced
Südzucker AG Mannheim/Ochsenfurt's group revenues at the half-year mark (March 1 to August 31, 2009) were down slightly, declining two percent to EUR 2,935 (prior year: 2,998) million. The group was able to more than double operating profit, which came in at EUR 179 (prior year: 82) million.
Südzucker on road to recovery
On July 21, 2009, shareholders of Mannheim-based Südzucker AG Mannheim/Ochsenfurt voted in favor of the supervisory and executive boards' recommendation to pay an unchanged dividend of EUR 0.40 per share. Based on the value of the company shares of EUR 13.66 at the close of the financial year, the yield on Südzucker shares is thus just under 3 %.
Südzucker prices convertible bond offering
Not for publication or distribution in the United States, Australia, Canada or Japan.
Südzucker AG Mannheim/Ochsenfurt, the largest sugar producer in Europe, announces the pricing of its offering of EUR 255 million unsecured convertible bonds (the "Bonds") to institutional investors outside of the US only. The bond has been oversubscribed several times.
Südzucker confirms full-year guidance after a good start
Overview of key data relating to business performance of Südzucker AG Mannheim/Ochsenfurt, Mannheim, in the first three months of the current fiscal year 2009/10. The complete report of the first quarter (1 March 2009 until 31 May 2009) will be published on 15 July 2009.
Südzucker shows strength during crisis
Overall, Südzucker Group's long-range business model has demonstrated strength even during periods of structural upheaval and economic weakness. In spite of the cuts in the sugar segment driven by the new sugar market regulation, the global turbulence in agricultural markets, and last but not least, the financial and economic crisis, Südzucker was able to improve group revenues by almost two percent to 5.87 (5.78) billion euro and boost group operating profit by about eleven percent to 258 (233) million euro.
The Federal Cartel Office of Germany ...
The Federal Cartel Office of Germany searched the offices of Südzucker AG and other German sugar companies on the 26th of March 2009. In particular questions, which have to be seen in context with the reform and the implementation of the new sugar market regulation, were the reason for the enquiries of the Federal Cartel Office.
Südzucker posts strong third-quarter results
Südzucker AG Mannheim/Ochsenfurt reported consolidated group revenues that were up five percent to EUR 4.6 (previous year 4.4) billion in the first nine months of the current 2008/09 financial year. Operating profit climbed four percent to EUR 184 (previous year 176) million during the same period. Südzucker has confirmed its 2008/09 fiscal year revenue forecast of EUR 5.8 to 6.0 (previous year 5.8) billion and total operating profit of EUR 230 to 260 (previous year 233) million.