Südzucker pays EUR 0.25 dividend and confirms guidance
On 16 July 2015, shareholders at the annual general meeting of Südzucker AG voted in favor of the supervisory and executive boards' recommendation to pay a dividend of EUR 0.25 (previous year: 0.50) per share. This decision reflects the weaker earnings development of the company. Based on 204.2 (previous year: 204.2) million shares, the total dividend distribution will be EUR 51 (previous year: 102) million.
Forecast of 10 April 2015 for fiscal 2015/16 confirmed
Südzucker continues to expect consolidated group revenues to decline further in fiscal 2015/16, to between EUR 6.0 and EUR 6.3 billion and that operating profit will decline significantly to somewhere between EUR 50 and EUR 150 million.