Südzucker with strong first quarter 2012/13

Südzucker AG Mannheim/Ochsenfurt, Mannheim, raised group revenues within the first three months (1 March 2012 to 31 May 2012) of current financial year 2012/13 from EUR 1,639 million to EUR 1,887 million. Group operating profit increased to EUR 263 million from EUR 184 million. This earnings improvement is mainly driven by the sugar segment. Additionally, there is a positive high double digit million impact on net profit for this period due to a successful progress of a financial court proceeding leading to an extraordinary tax income.

For financial year 2012/13 Südzucker still projects an increase of group revenues above EUR 7.0 (previous year: 7.0) billion and an increase of group operating profit above EUR 800 (previous year: 751) million.

The full interim report for the first three months 2012/13 will be published on 12 July 2012.