Suedzucker reported its Q2 results. Revenue was flat yoy. Sales by division: Sugar -3%, Special products 4.75%, CropEnergies -2.8%, and Fruits 1.5%. The operating profit was up by 51% to €77m, driven by stronger performance in Special products and CropEnergies linked to higher bioethanol prices. For Sugar, the operating profit was at a zero level (negative in Q1). The operating margin was up by 150bp due to a better performance from both CropEnergies (€26m vs. -9m in Q2 14) and Spec
08 Oct 2015
Q2 shows improved profitability
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q2 shows improved profitability
Suedzucker AG (SZU:WBO) | 0 0 0.8% | Mkt Cap: 3,053m
- Published:
08 Oct 2015 -
Author:
Anna Zyniewicz -
Pages:
2
Suedzucker reported its Q2 results. Revenue was flat yoy. Sales by division: Sugar -3%, Special products 4.75%, CropEnergies -2.8%, and Fruits 1.5%. The operating profit was up by 51% to €77m, driven by stronger performance in Special products and CropEnergies linked to higher bioethanol prices. For Sugar, the operating profit was at a zero level (negative in Q1). The operating margin was up by 150bp due to a better performance from both CropEnergies (€26m vs. -9m in Q2 14) and Spec