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German leading sugar producer that also makes fruit preparations, starch products and bioethanol through its subsidiaries.
German leading sugar producer that also makes fruit preparations, starch products and bioethanol through its subsidiaries.
A growers' cooperative of sugar beet farmers holds the majority. Since the EU sugar quota ended in 2017 it has been exposed to world market prices for sugar. AGRANA, its Austrian subsidiary, handles fruit preparations, starch and part of the sugar business.
In one line: A German, diversified sugar/starch group like a smaller ADM for sugar.
Moat: narrow (scale, regulatory licence, installed base). Europe's largest sugar producer with quota-era scale advantages, but subject to volatile global sugar prices and EU ag policy.
Headquarters: Mannheim, Germany · Founded: 1926 · Employees: 18,188
Size Suedzucker (SZU.DE) is a Germany Consumer Staples company (Food: Specialty/Candy) with a market value of $2.57B, the 96th largest of 205 Germany companies the cockpit tracks. Shares closed at €11.22 on 6 Nov 2026.
Performance Over six months the shares fell 4.6%, against +2.4% for the median peer and +2.6% for the Germany market (cap-weighted) — 10th lowest of 21 in its peer set.
Growth Revenue fell 5.2% over the last twelve months (peer median +6.1%); the operating margin is -2.5% (peer median 9.0%).
Valuation It trades at 34.2× forward earnings against a peer median of 18.0× (5th most expensive of 20).
Price implies For today's price to make sense, revenue must grow about 1% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 7.5 points below its cost of capital (5.0% WACC).
Next results Next results expected around 14 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €8.34B | €8.35B | €9.69B | €10.3B | €9.50B |
| Revenue growth | — | -14% | -6% | +8% | — |
| Gross profit | n/a | €1.10B | €1.25B | €1.93B | €1.82B |
| EBITDA | €626M | €404M | €546M | €1.22B | €976M |
| Net income | -€297M | -€392M | -€111M | €556M | €395M |
| Free cash flow | €243M | €20.0M | €338M | €537M | -€149M |
| Capital expenditure | €405M | €450M | €574M | €546M | €400M |
| Total debt | €2.94B | €2.87B | €3.05B | €2.87B | €2.94B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Suedzucker SZU.DE | $2.57B | -5% | -5% | -3% | 34.2× | 0.7% |
| Archer Daniels Midland ADM | $33.3B | -9% | +1% | 3% | 12.0× | 8.0% |
| Associated British Foods ABF.L | $18.7B | +11% | +1% | 7% | 13.5× | 7.8% |
| Ingredion INGR | $5.78B | -15% | -1% | 12% | 9.7× | -7.8% |
| Tate & Lyle TATE.L | $3.34B | +53% | +16% | 9% | 15.2× | 10.8% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SZU.DE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.2% | +3.2% | 4th lowest of 21 |
| 6-month return | -4.6% | +2.4% | 10th lowest of 21 |
| Distance from 52-week high | -17.3% | -13.9% | 10th lowest of 21 |
| Revenue growth (TTM) | -5.2% | +6.1% | 2nd lowest of 21 |
| Operating margin | -2.5% | 9.0% | lowest of 21 |
| Forward P/E | 34.2× | 18.0× | 5th most expensive of 20 |
| Growth the price implies (Req g, 7 yrs) | 0.7% | 5.0% | 7th least demanding of 18 |
| Growth delivered (Del g) | +4.6% | +9.0% | 3rd lowest of 18 |
| Hurdle (Req g minus delivered) | -3.8 pp | -4.9 pp | 9th most demanding of 18 |
| ROIC minus cost of capital | -7.5 pp | +2.8 pp | lowest of 21 |
| EV / EBITDA | 8.4× | 11.0× | 7th cheapest of 16 |
| Net debt / EBITDA | 3.7× | 0.7× | 4th most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Suedzucker SZU.DE | Germany | $2.57B | -5% | -5% | -3% | 34.2× | 0.7% | +4.6% |
| House Foods 2810.T | Japan | $2.58B | +49% | 0% | 6% | 27.2× | 5.0% | +4.9% |
| Lotus 600186.SS | China | $2.37B | -18% | +21% | 13% | 35.2× | n/a | n/a |
| CALBEE 2229.T | Japan | $2.37B | +7% | +5% | 8% | 22.0× | -1.8% | +5.0% |
| Kotobuki Spirits 2222.T | Japan | $2.81B | +41% | +10% | 25% | 29.3× | 5.2% | +27.7% |
| Kanematsu 8020.T | Japan | $2.35B | +2% | +4% | 5% | 9.6× | -2.4% | +10.5% |
| Premier Foods PFD.L | United Kingdom | $2.34B | +3% | +2% | 18% | 12.6× | -1.3% | +4.4% |
| Marzetti MZTI | United States | $2.86B | -8% | -1% | 11% | 15.6× | -2.4% | +5.6% |
| Yantai North Andre Juice 605198.SS | China | $2.31B | +16% | -17% | 18% | 66.5× | 36.8% | +14.8% |
| Tootsie Roll Industries TR | United States | $2.92B | -8% | +2% | 12% | n/a | 14.1% | +9.2% |
| Gambol Pet 301498.SZ | China | $2.25B | -32% | +14% | 7% | 43.6× | n/a | n/a |
| Sichuan Teway Food 603317.SS | China | $2.24B | -18% | +22% | 21% | 20.4× | 2.9% | +7.8% |
| Weilong Delicious Global 9985.HK | Hong Kong | $2.22B | -20% | +13% | 25% | 9.6× | -6.3% | +11.1% |
| MeiHua 600873.SS | China | $2.99B | -27% | -3% | 4% | 14.5× | n/a | n/a |
| Freshpet FRPT | United States | $3.09B | +21% | +12% | 9% | 34.9× | 28.5% | +28.2% |
| Greggs GRG.L | United Kingdom | $3.20B | +42% | +7% | 9% | 18.1× | 10.5% | +21.5% |
| UTZ Brands UTZ | United States | $2.05B | +90% | +2% | 4% | 17.9× | 31.8% | +8.3% |
| Greencore GNC.L | United Kingdom | $3.23B | +31% | +26% | 6% | 14.3× | 22.4% | +9.0% |
| Chongqing Fuling Zhacai 002507.SZ | China | $2.04B | -6% | +3% | 28% | 18.0× | -0.9% | +1.4% |
| Tate & Lyle TATE.L | United Kingdom | $3.34B | +53% | +16% | 9% | 15.2× | 10.8% | +10.6% |
| Nissui 1332.T | Japan | $1.97B | -16% | +8% | 4% | 10.8× | 0.9% | +8.7% |