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Suedzuker (SZUGR Snr Unsec; Baa2/BBB) Profit warning

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The sugar focused producer is having a year of profit warnings - after upgrades from both raters earlier this year. Co now sees sugar segment facing operating loss in 2H (Sept to Feb) and for the FY. It's blaming market dynamics which has dragged {ECAGSUGA Index} down and continues to flag the EU allowing Ukraine to bypass the (heavy) tariffs as a driver for that.


For the group guidance is now;

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The sugar focused producer is having a year of profit warnings - after upgrades from both raters earlier this year. Co now sees sugar segment facing operating loss in 2H (Sept to Feb) and for the FY. It's blaming market dynamics which has dragged {ECAGSUGA Index} down and continues to flag the EU allowing Ukraine to bypass the (heavy) tariffs as a driver for that.


For the group guidance is now;

Keep reading...Show less