MANNHEIM (dpa-AFX) - Weak sugar markets have caused Südzucker's operating profit to slide further. In the fiscal year ended February, the operating result stood at approximately 163 million euros, according to preliminary calculations released by the Mannheim-based group. This represents a more than 50 percent drop in earnings from ongoing operations. By comparison, the figure reached 350 million euros in the 2024/25 fiscal year, while a year earlier, high sugar prices had pushed it to nearly 950 million euros.
According to the company, the decline in earnings is primarily attributable to the challenging market environment in the sugar business. Revenue fell by 13.4 percent to 8.4 billion euros.
Südzucker expects lower revenue
Südzucker confirmed its guidance for the current fiscal year, projecting group revenue to be slightly below the previous year's level. The Mannheim-based firm did not provide a forecast for the operating result. The full annual report is scheduled for publication on May 21.
Südzucker primarily processes sugar beets and sells its products to retail and industrial customers. In addition to its core business, the company generates revenue from frozen pizzas, fruit juice concentrates for the beverage industry, and portioned items such as sugar sticks. The group also includes the biofuels company Cropenergies./jwe/DP/he
