Sudzucker AG (SUEZF.PK), Monday announced that it expects a decline in EBITDA and operating results for the first-quarter of the financial year 2024/25, primarily due to higher production costs.
The company said that it expects EBITDA to be in the range of 900 million to 1 billion euros in the current year, whereas the preliminary figures report the same to be 1.3 billion euros for the fiscal year 2023/24.
Looking ahead, the company projects the group revenue of 10-10.5 billion euros for the current fiscal year.
Additionally, the company has proposed a dividend of 0.90 euros per share for the fiscal year 2023/24.
Currently, Sudzucker's stock is falling 20.75 percent, to $13.86 on the Other OTC.
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