Südzucker (SZU) Q4 2026 earnings summary

Executive summary

• Group revenues for 2025/26 were EUR 8.4 billion, down from EUR 9.7 billion year-over-year.

• EBITDA reached EUR 535 million, compared to EUR 723 million in the previous year.

• Operating profit totaled EUR 163 million, a significant decrease from EUR 350 million year-over-year.

• Earnings decline mainly due to challenging market conditions in the sugar segment.

Financial highlights

• Revenues fell within the forecasted range of EUR 8.3–8.7 billion.

• EBITDA was within the forecasted range of EUR 470–570 million.

• Operating profit was within the forecasted range of EUR 100–200 million.

• Extraordinary impairment losses of EUR 470 million were recognized.

Outlook and guidance

• Forecast for 2026/27 expects revenues slightly below 2025/26 levels.

• EBITDA for 2026/27 projected between EUR 480 million and EUR 680 million, with midpoint moderately above 2025/26.

• Ongoing geopolitical and global economic uncertainties may impact future performance.