Q3 update: revenues were up 5.1% (in line with consensus), whereas the operating margin was up +290bp yoy and +70bp qoq (100bp better than consensus). The Q3 results were driven by the Sugar segment which improved profitability by 210bp qoq. The company also saw an improvement in profitability in Special products +40bp qoq and Fruits +30bp qoq. CropEnergies’ operating margin was impacted by the costs associated with the restart of a factory in the UK. On the back of the lifted overall p
12 Jan 2017
Q3: another very good quarter; lifts profit guidance
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q3: another very good quarter; lifts profit guidance
Suedzucker AG (SZU:WBO) | 0 0 0.8% | Mkt Cap: 3,053m
- Published:
12 Jan 2017 -
Author:
Anna Zyniewicz -
Pages:
2
Q3 update: revenues were up 5.1% (in line with consensus), whereas the operating margin was up +290bp yoy and +70bp qoq (100bp better than consensus). The Q3 results were driven by the Sugar segment which improved profitability by 210bp qoq. The company also saw an improvement in profitability in Special products +40bp qoq and Fruits +30bp qoq. CropEnergies’ operating margin was impacted by the costs associated with the restart of a factory in the UK. On the back of the lifted overall p