Südzucker significantly raises forecast for EBITDA and operating result for fiscal 2022/23

For fiscal 2022/23, we now expect group revenues of EUR 8.9 to 9.3 (previous forecast: 8.7 to 9.1; previous year: 7.6) billion and group EBITDA of EUR 760 to 860 (previous forecast: 660 to 760; previous year: 692) million. Group operating result is expected to be in the range of EUR 400 to 500 (previous forecast: 300 to 400; previous year: 332) million. The significant improvement in the forecast is being driven primarily by the CropEnergies and special products segments.

The war in Ukraine, which has been ongoing since the beginning of fiscal year 2022/23, has further intensified the already high volatility on the sales markets and price increases on the procurement markets. The resulting economic and financial impact and the duration of this temporary exceptional situation, in addition to the Corona pandemic, are difficult to assess. In addition, there are still risks associated with the Corona pandemic. The forecast is based on the assumptions that the Ukraine war will remain temporary and regionally limited, that the physical supply of energy and raw materials is assured, and that the sales and procurement markets will return to normal to some extent in fiscal 2022/23. A key factor in this will be the expected transfer of the significant price increases, particularly in raw materials and energy, to new customer contracts.

The full report for the first quarter of 2022/23 will be published on 7 July 2022.