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SZU Suedzucker AG News Story

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Brief: Suedzucker Says Expects Extraordinary Impairment Losses, Executive Board Proposes Suspension Of Dividend

Feb 17 (Reuters) - SUEDZUCKER AG SZUG.DE:

EXPECTS EXTRAORDINARY IMPAIRMENT LOSSES - EXECUTIVE BOARD PROPOSES SUSPENSION OF DIVIDEND

PROPOSAL BY EXECUTIVE BOARD IS SUBJECT TO APPROVAL OF SUPERVISORY BOARD

DO NOT AFFECT LEVEL OF PREVIOUSLY FORECASTED EBITDA AND OPERATING RESULT FOR 2025/26 FISCAL YEAR

EXPECTATION THAT CONSOLIDATED FINANCIAL STATEMENT OF SÜDZUCKER AG PREPARED UNDER IFRS WILL INCLUDE EXTRAORDINARY IMPAIRMENT LOSSES ON FIXED ASSETS IN A RANGE BETWEEN EUR 450 MILLION AND EUR 550 MILLION

NON-CASH EXTRAORDINARY IMPAIRMENT LOSSES WILL BE REPORTED UNDER RESTRUCTURING AND SPECIAL ITEMS

Source text: ID:nPexbSVdXa

Further company coverage: SZUG.DE

 (Gdansk Newsroom)

 ((((gdansk.newsroom@thomsonreuters.com ; +48 587785269; ));))

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