Suedzucker suspends dividend as it writes down up to 550 million euros (updated)

Suedzucker AG

17/02/2026 13:20

Adds context in paragraphs 3, 4

Feb 17 (Reuters) - Europe's largest sugar producer Suedzucker SZUG.DE will suspend dividend payments for the 2025/26 financial year, it said on Tuesday, citing impairment losses ranging from 450 million to 550 million euros ($532 million to $651 million).

The impairment losses do not affect Suedzucker's core earnings and operating result outlook for the 2025/26 fiscal year, which ends this month, it said.

The persistently challenging market environment in the sugar segment also contributed to the decision, Suedzucker added.

Sugar prices are at around four-year lows in the European Union and near five-year lows globally, with factories curbing output amid slumping prices.

($1 = 0.8455 euros)

(Reporting by Tristan Veyet in Gdansk
Editing by Ludwig Burger and Milla Nissi-Prussak)

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