Brief: Suedzucker 9-Month Group EBITDA Up At EUR 373 Million

CropEnergies AG

14/01/2020 06:10

Jan 14 (Reuters) - SUEDZUCKER  SZUG.DE :
    * 9MTH GROUP EBITDA ROSE TO EUR 373 (PREVIOUS YEAR: 345)
MILLION
    * IN THE FIRST THREE QUARTERS OF 2019/2020, POSTED GROUP
CONSOLIDATED REVENUES OF EUR 5,028 (PREVIOUS YEAR: 5,192)
    * AFTER NINE MONTHS GROUP OPERATING RESULT WAS COMPARABLE TO
LAST
YEAR’S LEVEL AT EUR 113 (PREVIOUS YEAR: 116) MILLION
    * SÜDZUCKER EXPECTS CONSOLIDATED GROUP REVENUES IN FISCAL
2019/20
OF EUR 6.7 TO 7.0 (PREVIOUS YEAR: 6.8) BILLION
    * WE ARE CURRENTLY PROJECTING A SIGNIFICANT DECLINE IN FY
REVENUES
IN THE SUGAR SEGMENT (PREVIOUS FORECAST: MODERATE DECLINE,
PREVIOUS YEAR: EUR 2.6 BILLION).
    * CONSOLIDATED GROUP OPERATING RESULT IS NOW EXPECTED TO
RANGE
FROM EUR 70 TO 130 (PREVIOUS FORECAST: 50 TO 130; PREVIOUS YEAR:
27) MILLION
    * ESTIMATE THAT THE SUGAR SEGMENT WILL REPORT ANOTHER
OPERATING
LOSS BETWEEN EUR -200 AND -260 (PREVIOUS YEAR: -239) MILLION
    * WE ANTICIPATE CAPITAL EMPLOYED TO RISE, MAINLY BECAUSE OF
THE
APPLICATION OF THE NEW IFRS STANDARD REGARDING LEASE ACCOUNTING
    * CROPENERGIES SEGMENT’S OPERATING RESULT IS NOW EXPECTED TO
BE
AROUND EUR 100 (PREVIOUS FORECAST: 70 TO 90; PREVIOUS YEAR: 33)
MILLION
    * BASED ON THE AFOREMENTIONED OPERATING RESULT RANGE, ROCE
IS
EXPECTED TO COME IN AT UP TO 2 PERCENT (PREVIOUS YEAR: 0.4
PERCENT)

Further company coverage:  SZUG.DE 

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