Annual Report 2023/24

Dear shareholders,

The 2023/24 fiscal year has been extraordinarily successful for Südzucker Group, and we can be proud of everything we have accomplished. A business performance like this is anything but a given in an era of multiple crises. The effects of the Ukraine war and other geopolitical conflicts have impacted our business as much as the persistently challenging supply situation for raw materials, sustained high volatility in energy prices, inflation and the cooling economy in Central Europe – to name just a few of the economic conditions within which we operate. So it is all the more gratifying to see our current strategy validated and receive confirmation that our concentrated and focused efforts have paid off.