13/01/2022 | Industry

Südzucker shows significant improvement in results after nine months

In the first nine months of fiscal 2021/22 (1 March to 30 November 2021), Südzucker AG increased its group revenues by € 550 m to € 5.639 bn (previous year: € 5.089 bn). While the special products segment's revenues were slightly above last year, the fruit segment's were up moderately and the sugar, CropEnergies and starch segments' increased significantly. Group EBITDA was significantly higher than last year at € 519 m (previous year: € 456 m).

Thanks to another strong jump in the third quarter, the group’s consolidated operating result has now risen substantially to € 261 m (previous year: € 195 m) for the overall reporting period. According to Südzucker, the higher result in the third quarter is primarily due to the significantly improved results reported by the sugar and CropEnergies segments. The significantly higher sugar segment and CropEnergies results are also what is driving the group consolidated operating result increase for the overall reporting period. In contrast, the special product segment’s operating result declined sharply and the fruit segment’s was down moderately. In the starch segment, after a good third quarter, the overall operating result for the reporting period is now moderately above the prior year.