06/07/2023 | Industry

Südzucker posts successful first quarter

Südzucker AG's group revenues for the first three months of fiscal 2023/24 (1 March to 31 May 2023) rose by about 11% to € 2.518 bn (previous year: € 2.275 bn). Although the CropEnergies segment's revenues were down significantly and the starch segment's were on par with the previous year, all other segments' revenues were up significantly.

Group EBITDA climbed significantly to € 356 m (previous year: € 236 m). The consolidated group operating result improved significantly to € 282 m (previous year: € 163 m). A significant decline in the CropEnergies segment and a moderate decline in the starch segment were offset by a significant increase in all other segments.