DGAP-Adhoc: SÃ¼dzucker AG Mannheim/Ochsenfurt:

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Nov 21, 2013 at 8:00 AM

DGAP-Adhoc: SÃ¼dzucker AG Mannheim/Ochsenfurt: SÃ¼dzucker adapts forecast for financial year 2013/14

SÃ¼dzucker AG Mannheim/Ochsenfurt / Key word(s): Forecast/Change in Forecast 21.11.2013 13:45 Dissemination of an Ad hoc announcement according to Â§ 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Mannheim, 21 November 2013 SÃ¼dzucker AG Mannheim/Ochsenfurt, Mannheim, now expects for financial year 2013/14 group revenues of about EUR 7.6 (previous year: 7.9) billion and a stronger than expected decrease in group operating profit to about EUR 650 (previous year: 974) million. The adaption of the forecast is based upon the marketing result of sugar produced in campaign 2013 missing the expectations and a further decline in business development since the end of the first half year 2013/14. Against this background SÃ¼dzucker also expects group operating profit for the third quarter of the current financial year 2013/14 to come in significantly below previous year's level. In spite of the reduced earnings expectation for financial year 2013/14 SÃ¼dzuckers cash flow strength - with high investments into the growth of SÃ¼dzucker Group at the same time - will lead to a further reduction of net financial debt to a level of EUR 300 to 400 (previous year: 464) million. The annualized effect out of the reduced sugar marketing result and the higher fix costs following the lower sugar production volume of sugar campaign 2013 will burden operating result of segment sugar in financial year 2014/15. The interim report for the first three quarters of 2013/14 will be published on 13 January 2014. SÃ¼dzucker AG Mannheim/Ochsenfurt Central Investor Relations Department Nikolai Baltruschat Theodor-Heuss-Anlage 12 68165 Mannheim Phone: 49 621 421-240 Fax: 49 621 421-321 Investor.relations@suedzucker.de The SÃ¼dzucker Group SÃ¼dzucker, with its sugar, special products, CropEnergies and fruit segments, is one of the leading companies in the food industry. In the traditional sugar business, the group is the world market leader, with 29 sugar factories and three 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, consisting of the functional food (BENEO), chilled/frozen products (Freiberger), portion packs (PortionPack Europe) and starch businesses, is an important growth driver. The CropEnergies segment covers the bioethanol activities in Germany, Belgium, France and the UK. In the fruit segment, the group operates internationally, is the world market leader for fruit preparations and is a leading supplier of fruit juice concentrates in Europe. In 2012/13, the group employed 17,940 persons and generated revenues of about EUR 7.9 billion. 21.11.2013 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: SÃ¼dzucker AG Mannheim/Ochsenfurt Theodor-Heuss-Anlage 12 68165 Mannheim Germany Phone: +49 (0)621 - 421-530 Fax: +49 (0)621 - 421-7530 E-mail: investor.relations@suedzucker.de Internet: www.suedzucker.de ISIN: DE0007297004, XS0606202454 DE000A1AJLE6 XS0222524372 WKN: 729700, A1GNRQ A1AJLE A0E6FU, Indices: MDAX Listed: Regulierter Markt in Berlin, DÃ¼sseldorf, Frankfurt (Prime Standard), Hamburg, MÃ¼nchen, Stuttgart; Freiverkehr in Hannover End of Announcement DGAP News-Service ---------------------------------------------------------------------------

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