Südzucker Records Drop In Revenue In Q1 Results
Europe's largest sugar refiner, Südzucker AG, has generated consolidated group revenues of €1.74 billion in the first quarter of its current fiscal year. Last year, the company's revenues amounted to €1.78 billion.
The company said that its sugar and CropEnergies segments’ revenues fell sharply, whereas the special products segment rose substantially. The fruit segment’s revenue was slightly higher.
As anticipated, the consolidated group operating profit dropped significantly to €78 million, just over half the profit of €153 million recorded in the same period last year.
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