Suedzucker released its Q3 update. Revenue stood at €1.62bn (consensus at €1.66bn) whereas the operating profit was €64m (consensus was €55m) vs €27m last year. By division, Sugar recorded a negative quarter, as expected, with operating profit at -€28m. The special products segment was stronger than expected with operating profit at €53m driven by the good performance of all divisions as well as the positive evolution of ethanol prices. CropEnergies recorded
13 Jan 2016
Good Q3 driven by Special products and CropEnergies; FY16/17 outlook disappoints
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Good Q3 driven by Special products and CropEnergies; FY16/17 outlook disappoints
Suedzucker AG (SZU:WBO) | 0 0 0.8% | Mkt Cap: 3,053m
- Published:
13 Jan 2016 -
Author:
Anna Zyniewicz -
Pages:
3
Suedzucker released its Q3 update. Revenue stood at €1.62bn (consensus at €1.66bn) whereas the operating profit was €64m (consensus was €55m) vs €27m last year. By division, Sugar recorded a negative quarter, as expected, with operating profit at -€28m. The special products segment was stronger than expected with operating profit at €53m driven by the good performance of all divisions as well as the positive evolution of ethanol prices. CropEnergies recorded