Suedzucker beats full-year core earnings guidance (updated)

Suedzucker AG

18/03/2025 17:22

Adds outlook in paragraph 3, dividend in paragraph 4

March 18 (Reuters) - German sugar producer Suedzucker's SZUG.DE core earnings (EBITDA) came in ahead of the firm's guidance, the company said on Tuesday as it released preliminary full-year results.

Europe's largest sugar producer said it achieved earnings before interests, taxes, depreciation and amortization of 715 million euros ($782.42 million), ahead of the company's guidance for the upper area of a 550-650 million euros range.

Suedzucker confirmed its forecast for the current 2025/26 financial year, anticipating a moderate decline in group revenue, as well as an EBITDA range of 525-675 million euros and an operating result between 150-300 million euros.

The company also said it is to propose a dividend of 0.20 euro per share for the 2024/25 financial year, below the prior level of 0.90 euro.

($1 = 0.9138 euros)

 (Reporting by Tristan Veyet in Gdansk, editing by Miranda Murray)

 ((Tristan.Chabba@thomsonreuters.com;))