Suedzucker AG (WBO:SZU)
€ 11.26 0.1 (0.9%) Market Cap: 2.29 Bil Enterprise Value: 4.23 Bil PE Ratio: 6.79 PB Ratio: 0.65 GF Score: 51/100

Q1 2025 Suedzucker AG Earnings Call Transcript

Jul 11, 2024 / NTS GMT
Release Date Price: €13.14 (-2.59%)

Key Points

Positve
  • Suedzucker AG (SUEZF) confirmed its full-year guidance for fiscal year 2024-2025, indicating confidence in its overall business strategy.
  • Group revenues increased by 1% to EUR 2.6 billion, driven by growth in the sugar and fruit segments.
  • Net financial debt decreased by EUR 330 million compared to the previous year, reflecting improved financial health.
  • The fruit segment showed a positive trend with increased sales volumes and stable margins, leading to higher operating results.
  • The special products segment experienced an increase in operating results due to higher margins, despite a moderate decrease in revenues.
Negative
  • Group EBITDA decreased by 35% to EUR 230 million, and operating results fell by 45% to EUR 155 million, indicating a significant decline in profitability.
  • The sugar segment faced a strong decline in operating results due to increased production costs and moderately declining prices.
  • CropEnergies segment revenues were significantly down due to lower ethanol prices, impacting operating profit.
  • The starch segment experienced a significant decline in revenues and operating profit due to falling prices for ethanol and some starch products.
  • The company anticipates volatility in sugar prices due to weather conditions and geopolitical factors, which could impact future earnings.
Nicolai Baltruschat
Suedzucker AG - IR

Thank you and good morning, ladies and gentlemen. We welcome all of you to our conference call this morning. The underlying presentation for the call has been published this morning at 7:30 AM CET on our website. Today, we released the statement for the first three months of the financial year 2024-'25. We are going to present the highlights of this period and revisit our full year group earnings guidance for business year '24-'25 that has been confirmed.

Following the call, we are going to answer your questions. A recording of this call will be available on our home page shortly after the call.

Now let me hand over to Südzucker CFO, Dr. Stephan Meeder.

Stephan Meeder
Suedzucker AG - Chief Financial Officer, Member of the Management Board

Thank you, Nikolai. Ladies and gentlemen, also a warm welcome from my side to all of you, and thank you very much for your interest in Südzucker. So what is on the agenda today? In the following, I would like to give you a brief over about the business performance in

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