Südzucker AG Announces Consolidated Earnings Results for the Third Quarter and Nine Months Ended November 30, 2017; Reaffirms Earnings Guidance for the Fiscal 2018
For the nine months, revenues were EUR 5,302 million against EUR 4,905 million a year ago. EBITDA was EUR 599 million against EUR 540 million a year ago. Operating profit was EUR 384 million against EUR 327 million a year ago. Income from operations was EUR 380 million against EUR 356 million a year ago. Earnings before income taxes were EUR 353 million compared to EUR 330 million a year ago. Earnings per share were EUR 0.79 per share compared to EUR 0.89 per share a year ago. Net cash flow from operating activities was EUR 719 million compared to EUR 609 million a year ago. Net earnings were EUR 260 million against EUR 255 million a year ago.
For the full year of fiscal 2018, the company continues to forecast group consolidated revenues expected between EUR 6.9 billion and EUR 7.1 billion compared to EUR 6.5 billion a previous year. The group's consolidated operating result is now expected to range between EUR 425 million and EUR 500 million (previous year: EUR 426 million), driven mainly by the significantly higher results in the sugar segment. Company expects segments result to range between EUR 65 million and EUR 85 million (previous forecast: EUR 60 million to EUR 90 million).