Südzucker with increased full year outlook following strong first quarter 2011/12
Südzucker AG Mannheim/Ochsenfurt, Mannheim, raised group revenues within the first three months (1 March 2011 to 31 May 2011) of current financial year 2011/12 by around 7 percent from EUR 1,533 million to EUR 1,639 million. Group operating profit increased by around EUR 35 million or 24 percent to EUR 184 (previous year: 149) million. The sugar, CropEnergies and fruit segments contributed to this earnings improvement.
For total financial year 2011/12 Südzucker now expects an increase of group revenues to around EUR 6.5 (previous year: 6.2) billion and a group operating profit of more than EUR 600 (previous year: 519) million. The boost in earnings will be driven by the CropEnergies and fruit segments, but predominantly by the sugar segment.
The full interim report for the first three months 2011/12 will be published on 14 July 2011.