Südzucker expects significant decline in earnings in the third quarter of the current financial year 2024/25

After a modest start to the third quarter of fiscal 2024/25 (1 September to 30 November 2024), Südzucker AG expects, as in the two quarters before, a significant year-on-year decline in EBITDA and operating result (Q3 2023/24: EBITDA: EUR 385 million; operating result: EUR 268 million).

With the modest start to the third quarter, Südzucker confirms its group forecast for the 2024/25 financial year, adjusted on 16 September 2024. Group revenues are expected in a range of EUR 9.5 to 9.9 billion, EBITDA in a range of EUR 550 to 650 million and group operating result in a range of EUR 175 to 275 million. 

The ongoing war in Ukraine continues to exacerbate the already high volatility on the sales and procurement markets. The future impact of the negative influences stemming from the EU’s extended duty-free access for agricultural imports from Ukraine, which is now limited in terms of volume, remains uncertain. The implications of the war that broke out in the Middle East last October are likewise difficult to assess.

In fact, it is proving quite difficult overall to assess the economic and financial ramifications along with the potential duration of these temporary crises.The figures for the third quarter of the 2024/25 financial year will be published on 14 January 2025.