Südzucker slightly raises revenue forecast and exceeds analyst expectations

Raised revenue forecast and confirmed earnings corridor

The group slightly raised its revenue forecast for the current fiscal year: the range for the revenue forecast was lifted by 100 million euros to 8.1 billion to 8.5 billion euros. The company continues to project operating earnings of 480 to 680 million euros.

Back in May, Südzucker had already announced a jump in earnings in its outlook. In the previous fiscal year, the group had generated 8.4 billion euros in revenue and an operating result of 535 million euros, but had posted losses and angered shareholders with a missed dividend.

Analyst reactions and market assessments

The experts surveyed by Bloomberg had on average so far penciled in revenues of 8.3 billion euros and operating profit of 605 million euros. With the quarterly figures presented, the company is thus roughly in line with expectations, but falls short of the consensus on operating earnings.

The figures were well received on the financial markets: shares listed on the SDAX gained around one and a half percent on Thursday. In the current year, the company's share price gain [...] totals just under 23 percent.

Voices from the market and from the street

Analysts were also positive. Leon Mühlenbruch of MWB Research wrote: „Die Resultate belegten eine erfolgreiche Wende bei den Ergebnissen“. He added: „Mit Blick nach vorn könnte dem Unternehmen wohl ein positiveres Marktumfeld zugutekommen, das sich zu einem bedeutenden Ergebnistreiber entwickeln könnte“.

Various banks had reaffirmed their assessments in the weeks prior: Barclays Capital issued an „Overweight“ rating on 05/27/26, Deutsche Bank issued a „Hold“ rating on 06/29/26, and DZ Bank likewise issued a „Hold“ on 06/02/26.

The quarterly report is the first comprehensive look at the new fiscal year 2026/27 of the Mannheim-based group and stands under the sign of recovery following a weak prior year. The company intends to continue the development presented on Thursday in the coming quarters.

Alongside the sugar business, the ethanol segment remains the group's second key pillar and contributed significantly to the increase in EBITDA with the higher prices. The price trend on the ethanol market is therefore likely to continue to be monitored closely.