Suedzucker released its FY results. The group’s revenues stood at €6.4bn (in line with consensus), whereas operating profit stood at €241m (vs. consensus €229m, a 5% beat). The group’s operating margin improved by 110bp. Net income increased to €181m (vs. €74m). The proposed dividend is €0.30 per share (vs. €0.25 last year). By division, Sugar recorded a slump in sales of 11.5% and a negative operating profit of €79m (weaker than we had expe
20 May 2016
FY looks ok; sees improvement in sugar profitability in FY16/17
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FY looks ok; sees improvement in sugar profitability in FY16/17
Suedzucker AG (SZU:WBO) | 0 0 0.8% | Mkt Cap: 3,053m
- Published:
20 May 2016 -
Author:
Anna Zyniewicz -
Pages:
3
Suedzucker released its FY results. The group’s revenues stood at €6.4bn (in line with consensus), whereas operating profit stood at €241m (vs. consensus €229m, a 5% beat). The group’s operating margin improved by 110bp. Net income increased to €181m (vs. €74m). The proposed dividend is €0.30 per share (vs. €0.25 last year). By division, Sugar recorded a slump in sales of 11.5% and a negative operating profit of €79m (weaker than we had expe