Suedzucker released its Q1 update. The revenues are flat (-1.2%) whereas operating profit grew to €110m (vs. €76m consensus and vs. €57m last year). The operating margin for the period stood at 6.8% (vs. 3.5% last year). By division, Sugar reported -2.5% in sales, whereas the operating profit returned to positive territory of €22m. Special products posted +2.7% in sales and a +180bp progression in the operating margin to 10.1%. CropEnergies’ sales decreased significa
07 Jul 2016
Sugar profitability is back; very good start to the year
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Sugar profitability is back; very good start to the year
Suedzucker AG (SZU:WBO) | 0 0 0.8% | Mkt Cap: 3,053m
- Published:
07 Jul 2016 -
Author:
Anna Zyniewicz -
Pages:
2
Suedzucker released its Q1 update. The revenues are flat (-1.2%) whereas operating profit grew to €110m (vs. €76m consensus and vs. €57m last year). The operating margin for the period stood at 6.8% (vs. 3.5% last year). By division, Sugar reported -2.5% in sales, whereas the operating profit returned to positive territory of €22m. Special products posted +2.7% in sales and a +180bp progression in the operating margin to 10.1%. CropEnergies’ sales decreased significa