H1 update: revenue was up +9% (Q2: +7%) whereas the operating margin was up 160bp to 8.1%. By segment, Sugar recorded +9.8% in sales with the operating margin at 7.3% (somewhat weaker profitability in Q2 vs. Q1: 6.4%). Special products, as expected, had weaker results after a record FY16 but with the operating margin at 8.4%. CropEnergies performed better than expected with a good operating margin at 11.2%. The Fruit segment’s profitability was flat yoy in Q2: 6.6%. No changes to the FY
12 Oct 2017
H1: Q2 somewhat weaker; enters into transition period
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
H1: Q2 somewhat weaker; enters into transition period
Suedzucker AG (SZU:WBO) | 0 0 0.8% | Mkt Cap: 3,053m
- Published:
12 Oct 2017 -
Author:
Anna Zyniewicz - Pages:
H1 update: revenue was up +9% (Q2: +7%) whereas the operating margin was up 160bp to 8.1%. By segment, Sugar recorded +9.8% in sales with the operating margin at 7.3% (somewhat weaker profitability in Q2 vs. Q1: 6.4%). Special products, as expected, had weaker results after a record FY16 but with the operating margin at 8.4%. CropEnergies performed better than expected with a good operating margin at 11.2%. The Fruit segment’s profitability was flat yoy in Q2: 6.6%. No changes to the FY