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Suedzucker


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Suedzucker posts Q2 profit slump, cuts FY outlook on weak sugar market

UPDATE 1-Suedzucker posts Q2 profit slump, cuts FY outlook on weak sugar market Adds details on market, harvest outlook HAMBURG, Oct 10 (Reuters) - Europe's largest sugar producer Suedzucker SZUG.DE on Thursday reported a 63% fall in quarterly operating profit and cut its full -year earnings forecasts on weak sugar markets. Suedzucker reported operating profit of 114 million euros ($124.70 million) in the second quarter to Aug.
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Suedzucker's Q2 earnings fall sharply on lower sugar prices

Suedzucker's Q2 earnings fall sharply on lower sugar prices HAMBURG, Oct 10 (Reuters) - Europe's largest sugar producer Suedzucker SZUG.DE on Thursday confirmed a 63% fall in quarterly operating profits and a cut in full-year earnings forecasts because of weak sugar markets. Suedzucker reported operating profit in the second quarter to Aug. 31 of its 2024/25 fiscal year of 114 million euros ($124.70 million), down from 310 million euros in the same quarter last year.
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Coffee rallies, heads back towards multi-year highs

SOFTS-Coffee rallies, heads back towards multi-year highs Updates with settlement prices, changes dateline, previous LONDON NEW YORK, Sept 17 (Reuters) - Coffee futures on ICE rallied on Tuesday, heading back towards the fresh multi-year peaks scaled in the prior session, while cocoa futures slid. COFFEE * December arabica coffee KCc2 rose 2.3% to settle at $2.65 per lb, having touched its highest since 2011 at $2.7180 on Monday.
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Coffee rallies, heads back towards multi-year highs

SOFTS-Coffee rallies, heads back towards multi-year highs Recasts, adds fresh comment LONDON, Sept 17 (Reuters) - Coffee futures on ICE rallied on Tuesday, heading back towards the fresh multi-year peaks scaled in the prior session, while cocoa futures slid. COFFEE * December arabica coffee KCc2 rose 2 . 8 % to $2. 6565 per lb at 1459 GMT, having touched its highest since 2011 at $2.7180 on Monday.
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Coffee steadies after hitting multi-year highs, cocoa slides

SOFTS-Coffee steadies after hitting multi-year highs, cocoa slides LONDON, Sept 17 (Reuters) - Coffee futures steadied on Tuesday as the market consolidated after scaling fresh multi-year peaks in the prior session, while cocoa futures slid. COFFEE * December arabica coffee KCc2 rose 0.1% to $2.5885 per lb at 1242 GMT, after touching its highest since 2011 at $2.7180 on Monday.
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Suedzucker trims forecast after higher EU harvest expectations

Suedzucker trims forecast after higher EU harvest expectations Sept 16 (Reuters) - Germany's Suedzucker SZUG.DE on Monday cut its earnings forecast, pointing to the improved harvest expectation in the European Union pushing up the amount of sugar in the bloc's market. Europe's largest sugar producer now expects revenue to come between 9.5 billion euros and 9.9 billion euros ($10.56 billion-$11.01 billion) for the 2024/25 financial year.
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Suedzucker's Q1 earnings slump on high costs, low sugar prices

UPDATE 1-Suedzucker's Q1 earnings slump on high costs, low sugar prices Adds details on earnings, forecast HAMBURG, July 11 (Reuters) - Europe's biggest sugar producer Suedzucker SZUG.DE on Thursday posted a 45% fall in first-quarter earnings, hit by higher costs and lower sugar prices. The German company reported operating profit of 155 million euros ($167.9 million) for the quarter ended May 31, compared to 282 million euros in the year-ago quarter.
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Suedzucker Q1 earnings slump 45% on high costs, low sugar prices

Suedzucker Q1 earnings slump 45% on high costs, low sugar prices HAMBURG, July 11 (Reuters) - Europe's largest sugar producer Suedzucker SZUG.DE on Thursday posted a 45% fall in quarterly earnings as it was hit by higher costs and lower sugar prices. Suedzucker reported operating profit in the first quarter to May 31 of its 2024/25 fiscal year of 155 million euros ($167.93 million), down from 282 million euros in the same quarter last year.
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Suedzucker Q1 EBITDA At EUR 230 Mln

BRIEF-Suedzucker Q1 EBITDA At EUR 230 Mln July 11 (Reuters) - SUEDZUCKER AG SZUG.DE : SUEDZUCKER - WITH EXPECTED DECLINE IN EARNINGS IN THE FIRST QUARTER OF FISCAL 2024/25 SUEDZUCKER - GROUP REVENUES OF SÜDZUCKER AG IN THE FIRST THREE MONTHS OF FISCAL 2024/25 (1 MARCH TO 31 MAY 2024) WERE UP SLIGHTLY TO EUR 2,551 (PREVIOUS YEAR: 2,518) MILLION SUE
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Robusta coffee comes off record high, arabica slips from 2-1/2 year peak

SOFTS-Robusta coffee comes off record high, arabica slips from 2-1/2 year peak Adds comments and closing prices NEW YORK, July 10 (Reuters) - Robusta coffee futures on ICE fell on Wednesday, a day after setting a record high on supply woes in Vietnam, while arabica came off a two-and-a-half-year peak. COFFEE * September robusta coffee LRCc2 settled down $157, or 3.4%, at $4,477 a metric ton after hitting an all-time high of $4,667 on Tuesday.
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Robusta coffee comes off record high, arabica slips from 2-1/2 year peak

SOFTS-Robusta coffee comes off record high, arabica slips from 2-1/2 year peak Updates prices, adds details LONDON, July 10 (Reuters) - Robusta coffee futures on ICE fell on Wednesday, a day after setting a record high, on supply woes in Vietnam, while arabica came off a 2-1/2 year peak. COFFEE * September robusta coffee LRCc2 fell 2.7% to $4,509 per metric ton at 1509 GMT, after hitting an all-time high of $4,667 on Tuesday.
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Robusta coffee comes off record high, arabica slips from 2-1/2 year peak

SOFTS-Robusta coffee comes off record high, arabica slips from 2-1/2 year peak LONDON, July 10 (Reuters) - Robusta coffee futures on ICE fell on Wednesday, coming off a record high set in the previous session, on supply woes in Vietnam, while arabica came off a 2-1/2 year peak. COFFEE * September robusta coffee LRCc2 fell 1.8% to $4,553 per metric ton at 1040 GMT, after setting a record high of $4,667 on Tuesday.
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Suedzucker sees lower quarterly profit on duty-free Ukraine imports

UPDATE 2-Suedzucker sees lower quarterly profit on duty-free Ukraine imports Adds Suedzucker comment on EU curbs, context on impact from Ukraine and Middle East wars; paragraphs 5-7 By Andrey Sychev GDANSK, July 10 (Reuters) - Europe's largest sugar producer Suedzucker SZUG.DE on Wednesday said it expects a "significant decline" in its June-to-August quarterly earnings , hurt by prolonged duty-free agricultural imports from Ukraine into the EU.
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Suedzucker sees lower Q2 profit on duty-free Ukraine imports

Suedzucker sees lower Q2 profit on duty-free Ukraine imports GDANSK, July 10 (Reuters) - Europe's largest sugar producer Suedzucker SZUG.DE on Wednesday said it expects a "significant decline" in second-quarter earnings, hurt by prolonged duty-free agricultural imports from Ukraine into the EU. It did not provide a concrete number for the expected second-quarter earnings before interest, taxes, deprecation and amortization (EBITDA).
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