Südzucker AG: Südzucker expects significant year-on-year earnings growth also in the second quarter

Mannheim (pta039/12.07.2023/18:00 UTC+2)

Following a continued positive development, Südzucker AG expects group EBITDA and group operating result in the second quarter of fiscal 2023/24 (1 June to 31 August 2023) to be significantly higher than the previous year's level (Q2 2022/23: EBITDA: EUR 230 million; operating result: EUR 153 million). The improvement in group EBITDA and group operating result is largely driven by the sugar segment.

The forecast for the full 2023/24 financial year is confirmed. Südzucker expects group revenues of EUR 10.4 to 10.9 (2022/23: 9.5) billion. Group EBITDA is expected to be in a range between EUR 1.2 and 1.4 (2022/23: 1.1) billion and group operating result in a range between EUR 850 and 950 (2022/23: 704) million.

The Ukraine war, which has continued from the start of fiscal year 2022/23 to the present day, has generally intensified the already existing high volatility in the target markets and price increases in the procurement markets, particularly in the raw materials and energy sectors. Despite currently lower volatility, the economic and financial ramifications, the security of supply and the duration of this temporary exceptional situation – with a view to the full 2023/24 fiscal year – remain difficult to assess.

The figures for the second quarter will be published with the half-year financial report 2023/24 on 12 October 2023.

Südzucker AG
Maximilianstraße 10
68165 Mannheim, Germany

Investor Relations:
Nikolai Baltruschat
Phone: +49 621 421-240
investor.relations@suedzucker.de

Financial press:
Dr Dominik Risser
Phone: +49 621 421-205
public.relations@suedzucker.de

About the Südzucker Group

Südzucker is a major player in the food industry with its sugar, special products, starch and fruit segments, and Europe's leading ethanol producer with its CropEnergies segment.

In the traditional sugar business, the group is Europe's number one supplier of sugar products, with 23 sugar factories and two refineries, extending from France in the west via Belgium, Germany and Austria, through to Poland, the Czech Republic, Slovakia, Romania, Hungary, Bosnia, and Moldova in the east. The special products segment, with its consumer-oriented functional ingredients for food and animal feed (BENEO), chilled/frozen products (Freiberger) and portion packs (PortionPack Group), operates in dynamic growth markets. Südzucker's CropEnergies segment is Europe's leading producer of renewable ethanol, with production sites in Germany, Belgium, France and Great Britain. Other products in this segment are protein food and animal feed products as well as biogenic carbon dioxide. The starch segment comprises AGRANA's starch and ethanol activities. The group's fruit segment operates globally, is the world market leader for fruit preparations and is a leading supplier of fruit juice concentrates in Europe.

In 2022/23, the group employed about 18.300 persons and generated revenues of about EUR 9.5 billion.

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Emitter:	Südzucker AG Maximilianstraße 10 68165 Mannheim Germany
Contact Person:	Nikolai Baltruschat
Phone:	+49 621 - 421-843
E-Mail:	investor.relations@suedzucker.de
Website:	www.suedzuckergroup.com
ISIN(s):	DE0007297004 (Share) XS0222524372 (Bond) XS1524573752 (Bond) XS1724873275 (Bond) XS2550868801 (Bond)
Stock Exchange(s):	Regulated Market in Berlin, Dusseldorf, Frankfurt, Hamburg, Munich, Stuttgart; Free Market in Hannover, Tradegate