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Investing.com - Deutsche Bank (ETR:DBKGn) has lowered its price target on Suedzucker (ETR:SZUG) stock to EUR11.00 from EUR12.00 while maintaining a Hold rating, following the company’s reduced outlook for fiscal year 2025/26.
Suedzucker issued an ad-hoc announcement lowering its guidance, citing weaker-than-expected developments in the sugar, ethanol, and specialty ingredients markets.
The company now expects group revenues of EUR8.3-8.7 billion, down from its previous forecast of EUR8.7-9.2 billion, while EBITDA is projected at EUR470-570 million, reduced from EUR525-675 million.
Operating profit guidance has been cut to EUR100-200 million from the earlier projection of EUR150-300 million, with the revised outlook primarily driven by the Sugar segment, where global prices remain low and European Union price recovery lags expectations.
CropEnergies is experiencing continued earnings pressure from weak ethanol prices and operational issues following maintenance, while the Special Products division faces challenges from higher input costs and growing price pressure weighing on margins.
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