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Südzucker second quarter earnings significantly above previous year - full-year forecast 2021/22 confirmed
Insider information publication according to section 17 MAR
In the first half-year of current fiscal year 2021/22 (1 March to 31 August 2021), consolidated group revenues reached about EUR 3.60 (previous year: 3.35) billion. Due to the good development in the second quarter, first half-year cumulated consolidated group operating result came in slightly above previous year’s level reaching about EUR 134 (previous year: 129) million.
Pandemic driven heterogeneous business development since first quarter 2020/21 led to numerous distortions within the quarters and within the whole business year 2020/21. They can lead partially to adverse effects within the quarters of current business year 2021/22. This was also the case in the second quarter. Against this background and the unchanged expectation of a further progress fighting the pandemic, Südzucker confirms its first group forecast dated 20 May 2021 stating a significant earnings improvement. Unchanged we expect for fiscal year 2021/22 consolidated group revenues between EUR 7.0 and 7.2 (previous year: 6.7) billion. Consolidated group operating result is expected to improve significantly and still to come in between EUR 300 and 400 (previous year: 236) million.
Despite expected decreasing effects from the corona pandemic, there are still risks linked to the pandemic in business year 2021/22. The respective economic and financial impact and duration is still difficult to assess.
The full report for the first quarter 2021/22 will be published on 14 October 2021.
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