|Bid||14.03 x 317900|
|Ask||14.05 x 50000|
|Day's Range||13.94 - 14.17|
|52 Week Range||10.85 - 15.02|
|Beta (3Y Monthly)||0.20|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 11, 2019|
|Forward Dividend & Yield||0.20 (1.44%)|
|1y Target Est||18.51|
Moody's Investors Service, ("Moody's") has today placed under review for downgrade the Baa3 long-term issuer rating and the Prime-3 (P-3) short-term rating of Suedzucker AG ('Suedzucker' or 'the company'), as well as Suedzucker International Finance B.V.'s Baa3 long-term issuer rating and the Prime-3 (P-3) short-term rating. Suedzucker is the leading beet sugar producer in Europe.
Suedzucker, Europe's largest sugar refiner, said on Thursday it plans to close two German sugar production plants as part of a restructuring programme announced this week. The company said on Tuesday it plans to cut sugar production volumes by up to around 700,000 tonnes per year including factory closures because of the current slump in sugar prices. Suedzucker produces about 5.9 million tonnes of sugar a year.
Suedzucker, Europe's largest sugar refiner, said on Tuesday it planned to cut capacity and close sugar production plants to save about 100 million euros (87 million pounds) a year following a slump in sugar prices. The company said it planned to reduce sugar production volumes by up to around 700,000 tonnes per year. Suedzucker said the cuts would affect its German and other European operations, without giving details or saying how many jobs might be affected.
How far off is Südzucker AG (FRA:SZU) from its intrinsic value? Using the most recent financial data, I am going to take a look at whether the stock is fairly Read More...
The rating of the junior subordinated notes (or 'the hybrid') issued by Suedzucker International Finance B.V.'s was downgraded to B1 from Ba3. Revised release follows. Milan, December 12, 2018 -- Moody's Investors Service, ("Moody's") has today downgraded Suedzucker AG's ('Suedzucker' or 'the company') long-term issuer ratings to Baa3 from Baa2 and the short-term ratings to Prime-3 from Prime-2. "Suedzucker's rating downgrade to Baa3 concludes the review initiated in September and reflects Moody's expectations that the company's operating performance will remain depressed for a prolonged period of time on the back of low sugar prices in Europe.
PARIS/LONDON, Dec 4 (Reuters) - French cooperative Tereos, the world's second largest sugar maker, is holding extraordinary elections to its membership council this week which the farmer-owned group hopes will end an internal feud at the debt-laden group already struggling with an industry-wide slump. A sharp fall in sugar prices in the European Union has triggered a crisis in the industry that has also hit rivals such as Suedzucker, Nordzucker and Associated British Foods . For Tereos, the impact of low sugar prices has been particularly harsh due to the company's heavy debt burden and deep exposure to sugar.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it practical, we’ll show how Südzucker AG’s (FRA:SZU) P/E Read More...
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is for those who would like to learn about Return On Read More...
Moody's Investors Service, ("Moody's") has today placed under review for downgrade the Baa2 long-term issuer ratings and the Prime-2 short-term ratings of Suedzucker AG ('Suedzucker' or 'the company') and Suedzucker International Finance B.V. The decision follows the company's profit revision announced on 20 September 2018. "The review for downgrade of Suedzucker's ratings reflects the company's indication that profit during the financial year ending February 2019 will be much lower than we had previously expected. The review takes into account that over the coming two months the company will identify the financial impact of the 2018 sugar campaign and the final outcome of selling contract negotiations with its customers which are important considerations to assess the trajectory of the company's earnings amid a prolonged period of low sugar prices", says Paolo Leschiutta a Moody's Senior Vice President and lead analyst for Suedzucker.
Südzucker AG (FRA:SZU), which is in the food business, and is based in Germany, received a lot of attention from a substantial price movement on the DB over the lastRead More...
Today, I will be analyzing Südzucker AG’s (FRA:SZU) recent ownership structure, an important but not-so-popular subject among individual investors. When it comes to ownership structure of a company, the impactRead More...
Suedzucker (SZUG.DE), Europe's largest beet producer, will start making a sweetener with less sugar to help foodmakers cut the amount needed in treats and cakes, as the industry responds to growing consumer demand for lower sugar content. The German company has signed an agreement with Tel Aviv-based DouxMatouk to produce a sweetener with the same degree of sweetness but an average of 40 percent less sugar, they said in a statement on Tuesday. The product, which has received regulatory approval in the European Union, uses a mineral molecule to bind with sugar molecules, reducing the need for as much sugar, said DouxMatouk co-founder and Chief Executive Eran Baniel in an interview.
Moody's Investors Service, ("Moody's") has today downgraded the rating on Suedzucker International Finance B.V's 700 million junior subordinated notes (or 'the hybrid') to Ba3 from Ba2. The Baa2 long-term issuer ratings and the Prime-2 short-term rating of Suedzucker AG's ('Suedzucker' or 'the company') and of Suedzucker International Finance B.V. remain unchanged. "The downgrade of Suedzucker's junior subordinated notes to Ba3, four notches below the company's issuer rating, reflects our expectation that the headroom under the cash flow covenant of the hybrid instrument is reducing and will remain limited over the coming 18 to 24 months", says Paolo Leschiutta a Moody's Senior Vice President and lead analyst for Suedzucker.