Südzucker again significantly raises operating result forecast for the 2022/23 financial year
Against the backdrop of this positive development, group EBITDA and group operating result are also expected to increase significantly year-on-year in the current third quarter of the 2022/23 financial year.
The quarterly report for the third quarter of the 2022/23 financial year will be published on 12 January 2023.
The Ukraine war, which has continued from the beginning of the 2022/23 financial year until today, has led to a further intensification of the already existing high volatilities on the sales markets and price increases on the procurement markets, especially in the areas of raw materials and energy. The resulting economic and financial effects as well as the duration of this temporary exceptional situation are still difficult to assess. In addition, risks related to the Corona pandemic continue to exist.
Südzucker is a major player in the food industry with its sugar, special products, starch and fruit segments, and Europe’s leading ethanol producer with its CropEnergies segment.
In the traditional sugar business, the group is Europe’s number one supplier of sugar products, with 23 sugar factories and two refineries, extending from France in the west via Belgium, Germany and Austria, through to Poland, the Czech Republic, Slovakia, Romania, Hungary, Bosnia, and Moldova in the east. The special products segment, with its consumer-oriented functional ingredients for food and animal feed (BENEO), chilled/frozen products (Freiberger) and portion packs (PortionPack Europe), operates in dynamic growth markets. Südzucker’s CropEnergies segment is Europe’s leading producer of renewable ethanol, with production sites in Germany, Belgium, France and Great Britain. Other products in this segment are protein food and animal feed products as well as biogenic carbon dioxide. The starch segment comprises AGRANA’s starch and ethanol activities. The group’s fruit segment operates globally, is the world market leader for fruit preparations and is a leading supplier of fruit juice concentrates in Europe.
In 2021/22, the group employed about 18.000 persons and generated revenues of about EUR 7.6 billion.
Südzucker AG
Theodor-Heuss-Anlage 12
68165 Mannheim
Telefon: +49 (621) 421-0
Telefax: +49 (621) 421-425
http://www.suedzucker.de
Pressesprecher
Telefon: +49 (621) 421-205
Fax: +49 (621) 421-425
E-Mail: dominik.risser@suedzucker.de
