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  22/04/2020 | Ingredients

Südzucker reports preliminary figures for financial year 2019/20

Südzucker AG has announced preliminary figures. In financial year 2019/20 (1 March 2019 to 29 February 2020) group revenues reached € 6.7 (previous year: 6.8) bn. Group operating result increased in the same period to € 116 (previous year: 27) m. The increase is caused as expected especially by the CropEnergies and special products segments.

The economic and financial impact as well as the duration of the temporary exceptional circum-stances in connection with the corona pandemic is currently not foreseeable. These effects can therefore not yet be taken into account in the following presented outlook for financial year 2020/21. "For financial year 2020/21 we expect group revenues of € 6.9 to 7.2 bn. Group operating result is expected in a range of € 300 to 400 m," the company stated in the press release. The increase is driven especially by the improved results in the sugar segment.