Q1 update: sales are up +11% (consensus +8%) with operating profit up 39%. The EBIT margin was up 170bp to 8.6% (+40bp better than consensus), driven by the Sugar segment which recorded an 8.2% margin. Other segments performed largely in line with expectations. Notably, lower profitability was recorded in Special products (8.5% EBIT margin) and CropEnergies (10.7%). The Fruit segment improved its EBIT margin to 8% (+50bp yoy). The group slightly adjusted guidance for CropEnergies: revenues &e
13 Jul 2017
Good Q1 driven by the Sugar segment
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Good Q1 driven by the Sugar segment
Suedzucker AG (SZU:WBO) | 0 0 0.8% | Mkt Cap: 3,053m
- Published:
13 Jul 2017 -
Author:
Anna Zyniewicz -
Pages:
2
Q1 update: sales are up +11% (consensus +8%) with operating profit up 39%. The EBIT margin was up 170bp to 8.6% (+40bp better than consensus), driven by the Sugar segment which recorded an 8.2% margin. Other segments performed largely in line with expectations. Notably, lower profitability was recorded in Special products (8.5% EBIT margin) and CropEnergies (10.7%). The Fruit segment improved its EBIT margin to 8% (+50bp yoy). The group slightly adjusted guidance for CropEnergies: revenues &e