Q1 2026 Suedzucker AG Earnings Call Transcript
Key Points
- Suedzucker AG (SUEZF) has confirmed its full-year earnings guidance for fiscal 2025-2026, maintaining expectations for group revenues between EUR8.7 billion and EUR9.2 billion.
- The food segment showed positive development in Q1, with revenues increasing from EUR415 million to EUR444 million, driven by good volumes and pricing.
- The company successfully issued a new EUR700 million hybrid bond, demonstrating strong commitment and confidence from the capital markets.
- Suedzucker AG (SUEZF) is implementing substantial cost-saving initiatives expected to yield a high double-digit million-euro amount in savings for fiscal 2025-2026.
- The company is optimistic about its new plant for bio-based chemicals, with production expected to start in summer 2026, aligning with the growing demand for sustainable products.
- Q1 performance was weak, with group revenues at EUR2.2 billion, significantly below previous year's levels, and operating results dropping to EUR22 million from EUR155 million.
- The sugar segment experienced a downturn, with operating losses due to a sharp decline in prices and reduced acreage, impacting overall profitability.
- Net financial debt increased to EUR1.755 billion, with a higher debt level compared to the previous year.
- The crop energy segment faced significant challenges, reporting a loss due to lower ethanol prices and higher raw material costs.
- Suedzucker AG (SUEZF) anticipates a weaker Q2, with expectations for lower earnings compared to the previous year, and ongoing volatility in the sugar market.
Good morning, ladies and gentlemen. We welcome all of you to our conference call this morning. The underlying presentation for the call has been published this morning on our website.
Today, we released the statement for the first three months of the financial year 2025-2026. We are going to present the highlights of this period, and we'll also revisit our two-year group earnings guidance for the business year 2025-2026, which is unchanged.
Following the presentation, we are going to answer your questions. The recording of this call will be available on our homepage shortly after the call.
Now, let me hand over to our CFO, Stephan Meeder.
Thank you, Mathilde and Andreas, for the introduction.
So, ladies and gentlemen, also a warm welcome to all of you from my side, and thank you very much for your interest in .
First of all, please let me give you a brief update and some personal and organizational changes within Suedzucker
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