MANNHEIM (Dow Jones) – Südzucker AG in third quarter The earnings exceeded analysts’ expectations. In addition, reaffirmed the Mannheim MDAX Group in presenting the figures on Thursday the forecast for the full year.
Group operating earnings increased in the quarter despite a 4.4% to 1.503 (1.572) billion drop in sales significantly by 27% to 129.4 (102.0) million EUR.
In terms of sales, the company has met the expectation of order Analysts at the company’s earnings ratios, they clearly fared better. That Operating profit had seen the experts at 118 million euros. Earnings after tax and the third largest sugar producer Europe lay in the three month period ended November with 56.7 (25.5) million CDN also on the market expected 47 million euros.
For the full year despite the expected Südzucker difficult economic environment, continues to sales Previous year (EUR 5.9 billion) and an operating profit of around 400 million euros.
DJG / bam / jhe
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(END) Dow Jones Newswires
January 14, 2010 01:14 ET (06:14 GMT)
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