Mannheim (dpa / lsw) - The Südzucker Group is raising its annual targets again because of better business with sugar. Sales for the current financial year (as of the end of February) are now expected to climb to EUR 9.7 to 10.1 billion after EUR 7.6 billion in the previous year, as the SDax-listed company announced on Wednesday in Mannheim. The group only increased its forecast in mid-October and envisaged a range of 9.4 to 9.8 billion euros. The improvement is supported by the sugar segment. After the news broke, Südzucker shares rose by 3.7 percent.
Earnings before interest, taxes, depreciation and amortization (Ebitda) for the financial year, adjusted for special effects, should now amount to EUR 890 to 990 million. It would be 80 million better at both ends.
In the third business quarter, the operating result should increase significantly compared to the previous year's level. The Management Board intends to publish the figures for business development between September and November on January 12th.
