Deutsche Bank lifts Südzucker target: Südzucker stock falls 1.00 percent

Published on 10/20/2026 at 13:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half operating EBITDA reached EUR 303 million. Südzucker stock costs EUR 11.92 on October 20, 2026, versus EUR 12.04.

Earnings and analyst follow through

Deutsche Bank set an EUR 11.20 target on October 13, 2026, after raising it from EUR 9.00.
Operating EBITDA reached EUR 303 million in the first half of fiscal 2026/27, up from EUR 189 million.
Südzucker stock trades at EUR 11.92 at 1:00 p.m. CEST at Lang & Schwarz on October 20, 2026, 1.00 percent below the Xetra close of October 19, 2026.
Fiscal third-quarter results are scheduled for January 14, 2027.

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Südzucker (DE0007297004) stock was trading at EUR 11.92 at Lang & Schwarz on October 20, 2026, 1.00 percent below the Xetra close of October 19, 2026. Deutsche Bank Research raised its price target from EUR 9.00 to EUR 11.20 on October 13, 2026, while retaining its Hold rating, according to MarketScreener.

Why the target was raised

The analyst move followed Südzucker's first-half performance for fiscal 2026/27, covering March 1, 2026, through August 31, 2026. Südzucker Group reported revenue of EUR 4,188 million, compared with EUR 4,199 million a year earlier, while operating EBITDA rose to EUR 303 million from EUR 189 million.

The improvement was uneven across the portfolio. Special Products generated operating EBITDA of EUR 140 million, up from EUR 115 million, while CropEnergies reached EUR 68 million against EUR 4 million in the prior-year period. Sugar still posted negative operating EBITDA of EUR 24 million, although that was an improvement from negative EUR 46 million.

What does stronger EBITDA change?

The earnings quality matters because the company raised the lower end of its fiscal 2026/27 operating EBITDA outlook to EUR 540 million from EUR 480 million, while leaving the upper end at EUR 680 million. Revenue guidance moved to EUR 8.3 billion to EUR 8.7 billion from EUR 8.1 billion to EUR 8.5 billion, according to the company report.

Three dates and figures

On September 28, 2026, Südzucker specified fiscal 2026/27 revenue guidance at EUR 8.3 billion to EUR 8.7 billion. On October 8, 2026, the first-half report put operating EBITDA at EUR 303 million versus EUR 189 million. On October 13, 2026, Deutsche Bank lifted its target to EUR 11.20 from EUR 9.00.

What comes next for investors?

Südzucker's next scheduled reporting date is January 14, 2027, for the third-quarter report. The company calendar also lists April 26, 2027, for preliminary fiscal-year 2026/27 figures. These dates put the next test of the improved earnings trend several months away.

Stock stays below its yearly high

The stock remains below its 52-week high of EUR 13.57 and above its 52-week low of EUR 8.92, both as of October 20, 2026. Market capitalization stood at EUR 2.5 billion on that date.

Südzucker stock was trading at EUR 11.92 at Lang & Schwarz on October 20, 2026, at 1:00 p.m. CEST, down 1.00 percent versus the Xetra close of October 19, 2026 at EUR 12.04. The further course of trading is shown by the continuously updated real-time quote of Südzucker stock.