Suedzucker posts 85% Q1 earnings drop on weak sugar market

Suedzucker AG

10/07/2025 06:08

HAMBURG, July 10 (Reuters) - Europe's largest sugar producer Suedzucker SZUG.DE on Thursday posted an 85% fall in quarterly operating profits on low EU sugar prices.

Suedzucker reported operating profit in the first quarter to end May of its 2025/26 fiscal year of 22 million euros ($25.82 million), down from 155 million euros in the same quarter in the previous year.

Low EU sugar prices continue to burden results, it said.

The company confirmed its previous forecast for full-year group operating profit of between 150 million and 300 million euros, down from 350 million euros in the previous year.

Suedzucker had on Wednesday also said it expected  significantly lower second-quarter earnings.

($1 = 0.8522 euros)

 (Reporting by Michael Hogan, editing by Miranda Murray)

 ((michael.j.hogan@thomsonreuters.com; +49 172 671 36 54; Reuters Messaging: michael.hogan.thomsonreuters.com@reuters.net))