Suedzucker’s Q2 and H1 update: in H1 sales were down 3.8% (Q2: -6%). The operating margin improved by 250bp (to 6.5%, Q2: 6.2%). All divisions improved their margins vs. last year (Sugar +370bp, Special products +140bp, CropEnergies +190bp, Fruits +80bp). Sugar profitability in Q2 was positive (2.6%) which is a confirmation of the trend seen in Q1. Net profit for the period was up to €155m (vs. €85.4m last year). As a reminder, the group expects FY sales to be c. €6.4-6.6
13 Oct 2016
H1: going according to plan
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H1: going according to plan
Suedzucker AG (SZU:WBO) | 0 0 0.8% | Mkt Cap: 3,053m
- Published:
13 Oct 2016 -
Author:
Anna Zyniewicz -
Pages:
2
Suedzucker’s Q2 and H1 update: in H1 sales were down 3.8% (Q2: -6%). The operating margin improved by 250bp (to 6.5%, Q2: 6.2%). All divisions improved their margins vs. last year (Sugar +370bp, Special products +140bp, CropEnergies +190bp, Fruits +80bp). Sugar profitability in Q2 was positive (2.6%) which is a confirmation of the trend seen in Q1. Net profit for the period was up to €155m (vs. €85.4m last year). As a reminder, the group expects FY sales to be c. €6.4-6.6