Südzucker: Sugar segment shows significant improvement in results

Südzucker AG

Thursday, May 20, 2021

The sugar segment reported revenues of EUR 2,252 (previous year: 2,258) million, comparable to last year. Sugar sales revenues were higher but volumes were substantially lower, due in part to reduced sugar production during the 2019 and 2020 campaigns. In 2019, sugar production was down as a result of less cultivation and lower yields. In 2020, sugar production fell again follow-ing the factory shutdowns after the 2019 campaign, with beet yields again weak. In addition, lower demand from the sugar processing industry due to Corona virus containment measures had a significantly greater impact than the short-term positive effects of hoarding in the retail sector at the beginning of the fiscal year.

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