20/05/2021 | Industry

Südzucker improves operating result in fiscal 2020/21

Südzucker had already published its preliminary figures for fiscal 2020/21 (1 March 2020 to 28 February 2021) on 24 March 2021. Today's publication of the annual report now includes the final figures. In fiscal 2020/21, the group‘s consolidated revenues totaled € 6.679 bn (previous year: € 6.671bn), matching the previous year‘s level. While the CropEnergies and fruit segments‘ revenues dropped moderately and slightly, respectively, and the sugar segment‘s revenues remained at the previous year‘s level, the special products segment‘s revenues rose slightly.

According to the company, group EBITDA rose significantly by € 119 m to € 597 m. The group‘s consolidated operating result climbed sharply to € 236 m (previous year: € 116 m), due in particular to rising results in the sugar segment. Although the group consolidated operating result is a significant improvement, it still falls short of the spring 2020 original forecasts.