date:May 16, 2014
Germany's Sdzucker, the largest sugar producer in Europe, today reported a 32% drop in operating profit year-on-year reflecting what was a challenging economic environment for the continent's sugar and bioethanol markets.
The company's stock dropped 5% this afternoon as the company forecast further declines in operating profit and revenue for 2014-2015 fiscal year.
Consolidated group revenue was 7.735 billion in fiscal 2013/14, a 1.8% decline, compared with the previous year's 7.88 billion.