As expected, Suedzucker reported weak 2018/19 results due to the EU sugar environment. The (negative) surprise is on the 2019/20 guidance, which is below expectations. Our target price should be driven down.
27 Mar 2019
Still bears the brunt of the disappointing EU sugar environment
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Still bears the brunt of the disappointing EU sugar environment
Suedzucker AG (SZU:WBO) | 0 0 0.8% | Mkt Cap: 3,053m
- Published:
27 Mar 2019 -
Author:
Laura Parisot -
Pages:
3
As expected, Suedzucker reported weak 2018/19 results due to the EU sugar environment. The (negative) surprise is on the 2019/20 guidance, which is below expectations. Our target price should be driven down.