Problems are mounting up in the sugar industry
Thursday 04 Apr 2019 Author: James Crux
Investors in foods-to-fashion conglomerate Associated British Foods ( ABF ) should note a new risk to earnings for its sugar business after industry peer Suedzucker issued a profit warning, implying ongoing difficulties in the sector. Suedzucker’s full year results (27 Mar) revealed operating profit of €25m, significantly south of €75m guidance and a slump primarily caused by weakness in EU sugar. The Mannheim-based sugar products play warned it expects...