Südzucker according to preliminary figures first quarter significantly below previous year - full-year forecast 2021/22 confirmed
DGAP-Ad-hoc: Südzucker AG / Key word(s): Quarter Results In the first quarter of current fiscal year 2021/22 (1 March to 31 May 2021), Südzucker AG according to preliminary figures reached consolidated group revenues of about EUR 1.75 (previous year: 1.67) billion. The consolidated group operating result significantly decreased to about EUR 49 (previous year: 61) million. Pandemic driven heterogeneous business development since first quarter 2020/21 led to numerous distortions within the quarters and within the whole business year 2020/21. They can lead partially to adverse effects within the quarters of current business year 2021/22. Against this background and the unchanged expectation of a further progress fighting the pandemic, Südzucker confirms its first group forecast dated 20 May 2021. We expect for fiscal year 2021/22 consolidated group revenues between EUR 7.0 and 7.2 (previous year: 6.7) billion. Consolidated group operating result is still expected to come in between EUR 300 and 400 (previous year: 236) million. Despite expected decreasing effects from the corona pandemic, there are still risks linked to the pandemic in business year 2021/22. The respective economic and financial impact and duration is still difficult to assess. The full report for the first quarter 2021/22 will be published on 8 July 2021. Südzucker AG Investor Relations: Phone: +49 621 421-240
16-Jun-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Südzucker AG |
Maximilianstr. 10 | |
68165 Mannheim | |
Germany | |
Phone: | +49 (0)621 - 421-843 |
Fax: | +49 (0)621 - 421-449 |
E-mail: | investor.relations@suedzucker.de |
Internet: | www.suedzucker.de |
ISIN: | DE0007297004, XS0606202454, DE000A1AJLE6, XS0222524372 |
WKN: | 729700, A1GNRQ, A1AJLE, A0E6FU, |
Indices: | SDAX |
Listed: | Regulated Market in Berlin, Dusseldorf, Frankfurt (Prime Standard), Hamburg, Munich, Stuttgart; Regulated Unofficial Market in Hanover, Tradegate Exchange |
EQS News ID: | 1208841 |
End of Announcement | DGAP News Service |
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1208841 16-Jun-2021 CET/CEST