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  11/01/2018 | Industry

Südzucker raises revenues forecast for fiscal 2017/18

Südzucker AG increased consolidated group revenues in the first three quarters (1 March to 30 November 2017) of fiscal 2017/18 to € 5.302 (previous year: 4.905) bn and the operating result to € 384 (previous year: 327) m. According to the company, the sugar and CropEnergies segments were the main contributors to the higher revenues. The special products segment’s revenues also rose slightly, while the fruit segment’s were the same as last year. This operating result improvement was mainly attributable to the sugar segment, but the fruit segment also contributed. The CropEnergies segment’s operating result remained at the previous year’s level. The special products segment was, as anticipated, unable to match last year's elevated result. As expected, the group’s consolidated operating result was significantly lower than last year.

Group revenues for the entire fiscal year 2017/18 are now expected to reach between € 6.9 and 7.1 (previous forecast: 6.7 to 7.0; 2016/17: 6.5) bn. Operating result is still expected to come in at between € 425 and 500 (2016/17: 426) m.

www.suedzucker.de