DGAP-Adhoc: Südzucker specifies outlook for financial

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
DGAP-Adhoc: Südzucker specifies outlook for financial year 2015/16

Südzucker AG / Key word(s): Forecast/Change in Forecast 19.11.2015 08:43 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Mannheim, 19 November 2015 Südzucker specifies outlook for financial year 2015/16 Südzucker AG specifies its outlook for financial year 2015/16 on back of the further positive development notably of bioethanol prices also beyond the 2nd quarter and expecting a 3rd quarter group operating result significantly above prior year. Südzucker now projects group revenues at EUR 6.3 to 6.5 (previous year: 6.8) billion. For the group operating result Südzucker now forecasts a range of EUR 200 to 240 (previous year: 181) million. For the sugar segment Südzucker expects the operating result to decline significantly to a range of EUR -80 to -60 (previous year: 7) million. For the special products segment Südzucker specifies the forecast for operating profit at around EUR 145 (previous year: 120) million following the positive development in the current financial year. Apart from higher ethanol prices Südzucker assumes the new wheat starch plant at site Zeitz to begin operation not until start of financial year 2016/17. The related operating ramp-up losses will not occur until start of financial year 2016/17. Within the CropEnergies segment Südzucker now expects the operating result to come in between EUR 70 to 90 (previous year: -11) million following the beneficial ethanol price development to date. Any confirmation of this operating result level in financial year 2016/17 will provide a significant challenge for CropEnergies in light of actual forward prices for bioethanol. For the fruit segment Südzucker projects to repeat the solid operating result of the prior financial year which was EUR 65 million. The interim report for the 1st to 3rd quarter 2015/16 will be published on 13 January 2016. Südzucker AG Central Investor Relations Department Nikolai Baltruschat Maximilianstraße 10 68165 Mannheim, Germany Phone: +49 621 421-240 Fax: +49 621 421-449 investor.relations@suedzucker.de About the Südzucker Group Südzucker, 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 ingredients for food and animal feed (BENEO), chilled/frozen products (Freiberger), portion packs (PortionPack Europe) and starch divisions, 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 2014/15, the group employed about 18,500 persons and generated revenues of EUR 6.8 billion. 19.11.2015 The DGAP 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: Südzucker AG Maximilianstr. 10 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: Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich, Stuttgart; Regulated Unofficial Market in Hanover End of Announcement DGAP News-Service ---------------------------------------------------------------------------

Scroll down for more posts ▼

Top 10 Most Recent News Articles

CVS Health Under Fire: Fiduciary Duty Breach?

Updated Category News Views 1

CVS Under Regulatory Spotlight for Fiduciary Breaches You'd think by now companies would have their fiduciary ducks in a row. But here we are, with CVS Health Corporation (NYSE: CVS) catching heat from the legal eagles over at Halper Sadeh LLC. The knife’s out for some of the big wigs – apparently, there's chatter they might’ve slipped on their duty to play nice...

Continue Reading
AI and Storytelling Make Waves in Science Education

Updated Category News Views 2

University's Innovative Approach to Learning Alright, here's something you don't see every day. The University of Phoenix managed to snag some kudos from an academic journal for using AI and storytelling to teach environmental science. That's like hitting two bulls-eyes with one shot in the world of education. The recognition from Glacies for this Editor's Choice paper...

Continue Reading
Geron Corp Faces Fiduciary Duty Investigation

Updated Category News Views 2

Spotlight on Geron's Corporate Governance: What's Happening? The heat's been turned up on Geron Corporation this week, with Halper Sadeh LLC, an investor rights law outfit, digging into whether some folks at the helm have strayed from their fiduciary duties to the shareholders. Now, if you're holding onto NASDAQ:GERN stock or thinking about diving in, it's high time to...

Continue Reading
Jackson Wang's Fantasy IP Hits Hong Kong Stage

Updated Category News Views 3

A Star-Studded Fantasy Comes Alive Hong Kong isn't just about dim sum and skyline views—it's a magnet for celebrity showcases, and this time, Jackson Wang's pulling the strings. The guy's ventured beyond music and idol fame, diving head-first into creative visuals with his fantasy IP, "Under the Castle" (UTC). Pairing up with Ocean Park's Halloween Fest, he's cooked up...

Continue Reading
HONA Faces Legal Heat: Investor Lawsuit Over Losses

Updated Category News Views 3

The Investor Storm Brewing Over Honeywell Aerospace There it is again, another industry heavyweight caught in a dizzying whirlwind of litigation. Honeywell Aerospace Inc. (NASDAQ:HONA), a name as established as an old boot in the business, now faces a class action lawsuit that's got investors frantically dusting off phone numbers for their attorneys. The Messy Allegations...

Continue Reading
Quay Sunglasses: Luxury Looks, Affordable Prices

Updated Category News Views 1

Ah, sunglasses—the quintessential accessory that screams both practicality and style. A million-dollar look without the million-dollar expense? That's where Quay comes in. They've been recognized by Expert Consumers, no less, as some of the best-in-class for affordable luxury eye candy out there—aimed at shoppers who want the designer vibe without the hemorrhaging...

Continue Reading
Krispy Kreme Faces Legal Probe: Fiduciary Breach?

Updated Category News Views 2

Diving Deep into the Krispy Kreme Allegations Look, this isn't your run-of-the-mill donut drama. When you hear rumblings of corporate missteps, especially ones that involve potential breaches of fiduciary duties, it's time to perk up those ears. Over at Krispy Kreme, Inc. (NASDAQ:DNUT), there's some heat in the kitchen, and it's not just from frying those glazed beauties....

Continue Reading
PACS Group Faces Legal Scrutiny: What to Watch

Updated Category News Views 2

PACS Group: Legal Storm Brewing Welcome to the latest saga in the volatile theater of corporate governance. PACS Group, Inc., ticker symbol NYSE:PACS, is under the microscope, and not for debuting a groundbreaking product or hitting a stock milestone. Nope, instead we've got Halper Sadeh LLC out of New York investigating some possible hanky-panky from PACS directors and...

Continue Reading

Top 5 Most Recently Viewed Articles

John B. Sanfilippo & Son Announces Major $1.00 Special Dividend

Updated Category News Views 156

John B. Sanfilippo & Son Declares Special $1.00 Dividend The management of John B. Sanfilippo & Son, Inc. (NASDAQ: JBSS) has exciting news for its shareholders as the company has declared a special cash dividend of $1.00 per share. This amount will be distributed on shares of both Common Stock and Class A Common Stock, which is expected to return about $11.7 million to...

Continue Reading
Recent Disclosure Submission by De La Rue plc Explained

Updated Category News Views 262

Understanding Recent Disclosure Submissions Corporations frequently engage in the process of disclosing financial information to ensure transparency and compliance with market regulations. Among these, De La Rue plc, a prominent player in the printing and security technology sector, has made an important disclosure pertaining to trades conducted by its exempt principal...

Continue Reading
Perrigo Company Engages Investors at Upcoming Conference

Updated Category News Views 114

Perrigo Company Engages Investors at Upcoming Conference Dublin - Perrigo Company plc (NYSE: PRGO), renowned for its commitment to consumer health products, has announced that its President and CEO, Patrick Lockwood-Taylor, along with CFO Eduardo Bezerra, will participate in one-on-one investor meetings at the Jefferies Miami Consumer Conference. This event is set to...

Continue Reading
Hellas Verona Partners with Veronafiere for Chicago Event

Updated Category News Views 281

Hellas Verona and Veronafiere Collaborate for Vinitaly.USA Hellas Verona Football Club and Veronafiere are excited to announce their latest partnership, aimed at promoting the finest of Italian wines on an international platform. This collaboration emphasizes the upcoming second edition of Vinitaly.USA, a prestigious event highlighting Italian wine in the United States,...

Continue Reading
Bio-Techne to Showcase Innovations at Annual Healthcare Event

Updated Category News Views 159

Bio-Techne Corporation to Present at Key Healthcare Conference Bio-Techne Corporation (NASDAQ: TECH) is set to take the stage at a prestigious annual healthcare conference. With a focus on innovation and providing indispensable tools for the medical and research communities, Bio-Techne's President and CEO, Kim Kelderman, will share insights on January 14, 2025. This event...

Continue Reading