Significant operating profit decrease of Südzucker in second quarter 2013/14 in comparison to prior year’s record level
Südzucker AG Mannheim/Ochsenfurt, Mannheim, reports group revenues within the first half year (1 March 2013 to 31 August 2013) of current financial year 2013/14 of EUR 4,046 million (Prior year: EUR 3,917 million). Group operating profit decreased significantly to EUR 425 million from EUR 562 million. Segments sugar, special products and CropEnergies showed a significant decrease in operating profit, whilst segment fruit strongly increased operating profit.
For financial year 2013/14 Südzucker still expects a slight increase of group revenues to about EUR 8.0 (previous year: 7.9) billion and a significant decrease in group operating profit to about EUR 825 (previous year: 974) million. It is more challenging to achieve this target due to the current cautious business development and effects from the integration of Ensus at CropEnergies.
The full interim report for the first half year 2013/14 will be published on 10 October 2013.