|Bid||14.63 x 317900|
|Ask||14.65 x 50000|
|Day's range||14.57 - 14.75|
|52-week range||9.75 - 17.36|
|Beta (5Y monthly)||0.43|
|PE ratio (TTM)||21.54|
|Earnings date||28 Apr 2023|
|Forward dividend & yield||0.40 (2.68%)|
|Ex-dividend date||15 Jul 2022|
|1y target est||16.20|
HAMBURG (Reuters) -Europe's largest sugar producer, Suedzucker, on Thursday posted a rise of 73.5%% in quarterly earnings as higher sugar and biofuel prices counteracted the impact of rising energy and raw materials costs. Suedzucker said operating profit in the third quarter, to the end of November, of its 2022/23 fiscal year had risen to 220 million euros ($237 million) from 127 million euros in the same year-ago quarter. Suedzucker confirmed its forecast in December of full-year 2022/23 operating profit rising to between 530 million and 630 million euros from 332 million euros in the previous year.
LONDON (Reuters) -Europe's largest sugar producer Suedzucker is set to bump up sugar prices again next year as energy costs remain high and input costs for items like sugar beet are also elevated, chief executive Niels Poerksen told Reuters. EU sugar prices on the spot market are already at record high levels - nearly three times those seen a year ago - following extreme weather and a surge in energy costs, forcing confectioners to consider production cuts.
Europe’s largest sugar producer Suedzucker on Wednesday raised its full-year profit forecast, as it expects higher sugar prices to compensate for rising energy and raw materials costs. Suedzucker raised its forecast for group operating profits in its financial year to February 2023 to between 530 million euros and 630 million euros ($524.4 million-$623.3 million) from a previous forecast of 450 million to 550 million euros.