Germany · Delayed Price · Currency is EUR Südzucker AG Earnings Call Transcripts
Fiscal Year 2026
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Q3 earnings improved, but nine-month results remain below prior year due to weak sugar prices and volumes. Full-year guidance is confirmed, with ongoing challenges in sugar and better performance in fruit and specialty segments. Net debt and cost control remain key management priorities.
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H1 2025/26 saw significant declines in revenue, EBITDA, and operating profit, mainly due to weak sugar markets, but full-year guidance is confirmed with expectations for improvement from Q3. The Sugar segment turned to a loss, while Food and Fruit segments showed resilience.
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Q1 2025-26 results were weak, with revenues and profits down sharply, but full-year guidance remains unchanged. Sugar, CropEnergies, and starch segments underperformed, while food showed resilience. Cost-saving and refinancing initiatives are underway, and a lower dividend is proposed.
Fiscal Year 2025
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Fiscal 2024/2025 saw a sharp earnings decline in sugar but stable performance in non-sugar segments, with strong liquidity and a reduced dividend. Outlook for 2025/2026 anticipates continued challenges, cost-saving measures, and a gradual recovery in sugar prices in H2.
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Group revenues and profits declined sharply in the first nine months due to lower prices and higher costs, especially in sugar and CropEnergies. The outlook for the full year is unchanged, with continued losses expected in the sugar segment and ongoing challenges from volatile markets and restructuring charges.
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H1 FY 2024-2025 saw flat revenues but sharp declines in EBITDA and operating profit, driven by falling sugar and ethanol prices, higher production costs, and increased inventories. Full-year guidance was revised down, with the Sugar segment expected to post a significant loss.
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Q1 results showed a slight revenue increase but significant declines in EBITDA and operating profit, with full-year guidance confirmed at the lower end due to sugar price volatility. Net financial debt decreased, and segment performance was mixed, with sugar and ethanol under pressure but fruit and special products improving.