Suedzucker sees lower annual profit on costlier sugar production

Suedzucker on Monday forecast lower full-year profits and flagged a significant decline in first quarter earnings citing higher sugar production costs as well as market volatility due to the Ukraine and Middle East wars.
It is reported by Reuters.
Europe's largest sugar producer expects earnings before interest, taxes, depreciation, and amortization (EBITDA) to decline to a range of 900 million-1 billion euros...