Sugar segment

Overview

The sugar segment's numbers relate to Südzucker AG, Südzucker Polska, Südzucker Moldova, Raffinerie Tirlemontoise, Saint Louis Sucre and AGRANA. These companies produced 4.8 (4.2) million tonnes of sugar in 29 (30) sugar factories and three refineries. The plants are located in Germany, Belgium, France, Poland, Austria, Romania, Slovakia, the Czech Republic, Hungary, Bosnia and Moldova. Südzucker is by far the largest sugar producer in Europe, with a share of about 24 % of the EU's sugar quota. Agriculture and animal feed are two other key areas that belong to the segment.

2009 Campaign - Sugar produced from beets and by refining

On account of the excellent beet yields in most of the countries in which Südzucker Group cultivates beets, 28.4 (25.0) million tonnes were harvested from a total cultivation area of about 401,000 (370,000) ha throughout Südzucker Group. The volume of sugar extracted from beets was 4.4 (3.9) million tonnes, based on an theoretical sugar yield of 12.3 (11.7) tonnes/ha. The total volume of cane sugar refined at the three refineries was 0.35 (0.31) million tonnes. The total volume of sugar produced, including refined sugar, is 4.8 (4.2) million tonnes.
Because of the expected high yield, beet processing started early during the 2009 campaign. For example in Germany, Poland and Hungary, processing already began on September 10, 2009. The average campaign duration for 2009/10 was 116 (96) days; on average, factories thus operated about 20 % longer than last year.

Sugar segment 2009/10 business performance



2009/10 
Revenues EUR million 3,154
EBITDA EUR million 331
Depreciation of fixed assets and intangible assets EUR million -114
Operating profit EUR million 217
Restructuring/special items EUR million -16
Operating profit, net of restructuring EUR million 201 
EBITDA margin 10.5
Operating margin 6.9 
ROCE 7.5 
Investments on fixed assets EUR million 106 
Investments on financial assets EUR million 
Total investments EUR million 115 
Employees  8,218