|Bid||12.31 x 317900|
|Ask||12.35 x 50000|
|Day's range||12.28 - 12.60|
|52-week range||9.75 - 15.72|
|Beta (5Y monthly)||0.28|
|PE ratio (TTM)||18.10|
|Earnings date||13 Oct 2022|
|Forward dividend & yield||0.40 (3.15%)|
|Ex-dividend date||15 Jul 2022|
|1y target est||14.44|
HAMBURG (Reuters) -Europe's largest sugar producer Suedzucker posted a sharp surge in first-quarter operating profit on Thursday and confirmed increased earnings forecasts for its new fiscal year, despite the impact of the Ukraine war. Suedzucker said in a statement operating profits in the first quarter of its new 2022/23 year that started on March 1 rose to 163 million euros ($166.23 million) from 49 million euros a year earlier. The result was driven by good results from the sugar, starch, and fruit sectors and Suedzucker unit CropEnergies, which produces the green fuel bioethanol, and has benefited from higher energy prices, it said.
The company added that the forecast was based on the assumption that the war in Ukraine was temporary and regionally limited, that the physical supply of energy and raw materials is assured, and that sales and procurement markets will return to normal to some extent in fiscal year 2022/23. Suedzucker unit CropEnergies, which produces the green fuel bioethanol, also hiked its full-year guidance on Wednesday.
Europe's largest sugar producer Suedzucker on Monday posted a rise of almost 40% in full year operating profit as improved sugar and bioethanol markets boosted earnings. "The results have benefited from a good performance by the sugar sector and also from bioethanol,” a Suedzucker spokesman told Reuters. Suedzucker unit CropEnergies, which produces the green fuel bioethanol, also posted improved results on Monday.