15.04.2024 17:52:13 - dpa-AFX: Sudzucker Expects Reduced EBITDA In Q1; Stock Drops
BERLIN (dpa-AFX) - Sudzucker AG (SUEZF.PK), Monday announced that it expects
a decline in EBITDA and operating results for the first-quarter of the financial
year 2024/25, primarily due to higher production costs.
The company said that it expects EBITDA to be in the range of 900 million to 1
billion euros in the current year, whereas the preliminary figures report the
same to be 1.3 billion euros for the fiscal year 2023/24.
Looking ahead, the company projects the group revenue of 10-10.5 billion euros
for the current fiscal year.
Additionally, the company has proposed a dividend of 0.90 euros per share for
the fiscal year 2023/24.
Currently, Sudzucker's stock is falling 20.75 percent, to $13.86 on the Other
OTC.
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