by Klaus Schachinger, € uro on Sunday
In the first quarter (at the end of May), profit rose by almost 30 percent to EUR 61 million, although sales stagnated at EUR 1.67 billion. In the sugar business, the loss was limited thanks to price increases. Sales and profits increased in the largest specialties division: frozen pizza and fiber were in high demand during the initial restrictions.
For the financial year Südzucker expects sales of EUR 6.9 to 7.2 billion, slightly more than in the previous year, EUR 300 to 400 million in profit. At best, that would be more than three times the profit of the previous year’s EUR 116 million.
Image sources: ah