Südzucker estimates the sugar segment's 2022/23 operating result to be in a range between EUR 0 and 100 million
Südzucker
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Thursday, July 7, 2022
The forecast for fiscal year 2022/23, which was raised significantly in the MAR announcement of 15 June 2022, is further confirmed. The underlying assumptions are still that the Ukraine war will be temporary and remain regionally contained, that despite of the current developments physical supplies of energy and raw materials will be guaranteed and that the target and procurement markets will at least partly return to more normal conditions over the course of fiscal 2022/23. In this context, we also assume that the declaration of the gas emergency plan alert level in Germany will not result in any significant negative price effects. Südzucker’s expected pass-through of significantly higher prices, particularly in the raw materials and energy sectors, into new customer contracts will be of decisive importance.
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