FDBusiness.com

Sugar to Fuel Earnings Increase at Sudzucker

 Breaking News
  • £3.7 Billion Worth of Discounts Disappear From UK Supermarket Shelves as Promotions Fall to Lowest Levels in 10 Years The pressure on UK retailers to be more transparent in their pricing has seen the number of trade promotions fall to their lowest levels for 10 years, and in 2017, shoppers will receive £3.7 billion less in promotional savings. This is according to a new report by IRI, the provider of big data and predictive analytics [...]...
  • Whisky, Tequila and Gin to Drive Global Spirits Category Growth to 2021 Just released data from the IWSR 2017-2021 Forecast suggests global volumes of whisky, gin and tequila are expected to make gains of 55.2m, 7.1m and 5.8m nine-litre cases respectively over the next five years, following their rapid growth in 2016. These categories together with baijiu (+48.2m cases between 2016 and 2021), will contribute the most in the [...]...
  • Huge Export Win to China For UK Food Producers A new export deal with China will bring a £200 million boost to the UK food industry and support 1,500 jobs. Taking advantage of the growing demand for UK and drink in China, seven new businesses in England and Northern Ireland have secured access to export pork – including three producers who, in a first [...]...
  • CSM Bakery Solutions Closes Sale of BakeMark Business CSM Bakery Solutions, a global leader in bakery ingredients, products and services, has completed the sale of its BakeMark business to private equity firm Pamplona Capital Management. The sale of BakeMark, which was announced mid-July, is an important element in CSM’s decision to focus on their core business in Europe and North America. “Completing the sale [...]...
  • Needham Coding Ireland to Show Own Brand ‘N’ Series CIJ Printers For the First Time Newly established business, County Westmeath-based Needham Coding Ireland Limited, which was formed following a merger between The Needham Group and long-standing Irish distributor, Advanced Coding Solutions (ACS), will be highlighting a wide range of continuous ink jet (CIJ), thermal ink jet (TIJ) and laser coding and marking equipment, and associated printer inks and makeup at [...]...
  • Mars Food Expands its Portfolio With Acquisition Mars Food, part of Mars Incorporated, is acquiring Preferred Brands International, a US-based, fully integrated manufacturer and marketer of all-natural, ready-to-heat Indian and Asian food products sold primarily under the Tasty Bite® brand. Tasty Bite’s® portfolio includes a wide range of vegetarian offerings, including Indian/Asian entrees, spice and simmer meal kits, and organic rice and [...]...

Sugar to Fuel Earnings Increase at Sudzucker

Sugar to Fuel Earnings Increase at Sudzucker
October 13
11:49 2011

Europe’s largest sugar group Sudzucker expects to increase annual revenue to around Eur6.5 billion in 2011/12, up from Eur6.2 billion in the previous year, and achieve an operating profit of more than Eur600 million, against Eur519 million in 2010/11. The boost in earnings will be driven predominantly by the group’s sugar segment.

 

Sudzucker increased group revenues by around 9% to Eur3.34 billion in the first half and operating profit by 23% to Eur347 million with its various business segments – sugar, CropEnergies and fruit – contributing to the earnings improvement.

 

The sugar segment’s revenues rose to Eur1.73 billion in the first half and operating profit climbed from Eur188 million to Eur220 million. The drivers were higher sugar sales revenues, especially in the Eastern European markets, and higher sales revenues from non-quota sugar. Since the EU is now a net importer, the substantial increase in the world market price has impacted the market price level within the EU.

 

Although the special product segment’s revenues rose to Eur896 million in the first half, operating profit during the same period fell to Eur67 million (previous year – Eur77 million). This was mainly due to further commodity price increases, which began to have an impact in the second quarter. As expected, not all divisions have as yet been able to fully pass the increases on to the market.

 

The CropEnergies segment’s revenues climbed from Eur200 million to Eur253 million in the first half. Operating profit rose from Eur17 million to Eur29 million, as significantly higher commodity costs were offset here by higher ethanol and by-product sales revenues.

About Author

colin

colin

Related Articles



Food & Drink Business Conference & Exhibition 2016

Upcoming Events

  • September 11, 2017drinktec
  • September 13, 2017FI Asia
  • September 19, 2017PROCESS EXPO 2017
  • September 22, 2017Global Summit on Food & Beverages
AEC v1.0.4

The Magazine

F&D Business Preferred Suppliers

Advertisements