Südzucker with strong first quarter 2012/13

Südzucker AG Mannheim/Ochsenfurt, Mannheim, raised group revenues within the first three months (1 March 2012 to 31 May 2012) of current financial year 2012/13 from € 1.64 bn to € 1.89 bn. Group operating profit increased to € 263 m from € 184 m. This earnings improvement is mainly driven by the sugar segment. Additionally, there is a positive high double digit million impact on net profit for this period due to a successful progress of a financial court proceeding leading to an extraordinary tax income. For financial year 2012/13 Südzucker still projects an increase of group revenues above € 7.0 bn (previous year: € 7.0 bn) and an increase of group operating profit above € 800 m (previous year: € 751 m).

www.suedzucker.de