Südzucker confirms full-year guidance after a good start
In the first quarter (March 1 to May 31 2010) of the current financial year 2010/11, Südzucker AG Mannheim/Ochsenfurt was able to increase group revenues by 9 percent to 1,533 million euro (previous year 1,411). The group's operating profit increased to 149 million euro (previous year 88). The sugar segment is positively influenced mainly by sugar exports to non-EU countries in line with the one-off EU export contingent increase. The special products, CropEnergies and fruit segments showed improving earnings in the first quarter, too.
Südzucker confirms its full-year guidance for financial year 2010/11 with group revenues on prior year's level at 5.7 billion euro and with a group operating profit of about 450 (previous year 403) million euro. This increase is supported by the sugar, CropEnergies and fruit segments. The special products segment is not expected to reach the high level of the previous year.
The complete report of the first quarter will be published on 14 July 2010.