Südzucker AG Appoints New Member of Executive Board According to BAC Company Report
06 Mar 2012 • by Natalie Aster
LONDON – At its board meeting on February 1 2012 Südzucker AG announced appointment of a new executive board member - Dr. Lutz Guderjahn aged 46. Dr. Guderjahn will replace Prof. Dr. Markwart Kunz aged 63 who leads engineering and R&D departments. Guderjahn will assume office on July 17 2012, Kunz will leave the company on August 1 2013 at the company’s AGM.
Guderjahn has become CropEnergies’ executive board member in 2006 after his successful work on Bioethanol department establishment. Currently his responsibilities include bioethanol R&D, production of bioethanol and operating of functional food segment BENEO.
Südzucker returns strong results from quarter to quarter. November 2011 revealed revenues of EUR 1,906.1 M, operating income of EUR 239.7 M, net income of EUR 109.6 M, profit margin of 5.7%. These results mark the strongest quarter for Südzucker.
Annual numbers are also positive. Comparing to FY ended February 2010, last FY brought revenue of EUR 6,160.8 M (up 7.7%), operating income of EUR 519.9 M (up 24.4%), net income of EUR 250.4 M (up 25.1%), profit margin of 4.1% against previous 3.5%. these strong results were backed by sugar segment development, consumer products volume growth, CropEnergies segment market success and higher sales in fruit segment.
2012 outlook provides same level of segment revenues, lower exports in the first half of the year, and minor sales revenue improvement.
Founded in 1837 and headquartered in Mannheim (Germany), Südzucker AG is one of the world largest sugar producers. Südzucker raises its raw materials itself, processes them into plain sugar and various sugar products. Additionally, the company operates special products segment (includes nutrition ingredients for foods, deep-frozen pizza, pasta and snacks, portion packed food for catering services, starch), CropEnergies segment (bioethanol production), Fruit segment (fruit and fruit juices preparations). With 29 sugar factories and 3 refineries Südzucker leads European market, aiming at global leadership. The company is public and trades on Xetra under the ticker SZUG.
All details on the company’s development, current operations, financial position and peer comparison can be found in the report "Suedzucker AG Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis" recently published by Market Publishers Ltd.
Title: Suedzucker AG Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis
Date: Feb, 2012
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