Deutsche Bank raises target for Südzucker stock to EUR 11.20

Published on 10/18/2026 at 13:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EBITDA reached EUR 303 million in the first half of fiscal 2026/27. Südzucker stock closed at EUR 12.14 on October 16, 2026, below its EUR 13.57 high.

Analyst target and earnings dates

Deutsche Bank raised its Südzucker target from EUR 9.00 to EUR 11.20 on October 13, 2026.
Operating EBITDA reached EUR 303 million in the first half of fiscal 2026/27, compared with EUR 189 million.
Südzucker stock closed at EUR 12.14 on October 16, 2026.
The next quarterly update is scheduled for January 14, 2027, followed by preliminary figures on April 26, 2027.

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Südzucker (ISIN DE0007297004) lifted operating EBITDA to EUR 303 million in the first half of fiscal 2026/27 from EUR 189 million a year earlier, according to Südzucker on October 8, 2026. The latest market catalyst was Deutsche Bank Research raising its target from EUR 9.00 to EUR 11.20 while retaining a Hold rating on October 13, 2026, as reported by FinanzNachrichten.

Results improve across segments

The half-year figures show a broad earnings recovery, although group revenue was nearly stable. Südzucker reported EUR 4.188 billion of revenue for the period from March 1 to August 31, 2026, compared with EUR 4.199 billion in the prior-year period, while operating EBITDA increased by EUR 114 million.

The special products segment generated EUR 1.131 billion of revenue and EUR 140 million of operating EBITDA, up from EUR 115 million. CropEnergies also improved, with revenue of EUR 438 million and operating EBITDA of EUR 68 million versus EUR 4 million a year earlier. The sugar segment remained a counterweight, with revenue falling to EUR 1.269 billion from EUR 1.389 billion and negative operating EBITDA improving to minus EUR 24 million from minus EUR 46 million. These figures come from the Südzucker release.

Three recent earnings signals

On September 28, 2026, Südzucker adjusted its fiscal 2026/27 outlook to revenue of EUR 8.3 billion to EUR 8.7 billion and operating EBITDA of EUR 540 million to EUR 680 million. On October 8, 2026, the company reported first-half operating EBITDA of EUR 303 million versus EUR 189 million. On October 13, 2026, Deutsche Bank Research raised its target from EUR 9.00 to EUR 11.20 and kept Hold, according to FinanzNachrichten.

What does the target change mean?

The new target remains EUR 0.94 below the October 16 Xetra close, leaving the price 8.39 percent above the target. That gap makes the unchanged Hold rating important: the improved earnings base has not translated into a target above the latest market close. Südzucker's fiscal-year outlook also leaves execution as the central test, especially after sugar revenue declined in the first half.

Dates for the next reports

Südzucker's investor-relations calendar lists January 14, 2027, for the third-quarter update and April 26, 2027, for preliminary fiscal 2026/27 figures, according to Südzucker. Those dates give investors two scheduled checkpoints for testing the 2026/27 outlook.

Stock stays below its yearly high

The Xetra close was EUR 12.14 on October 16, 2026. The 52-week range was EUR 8.92 to EUR 13.57, while market capitalization stood at EUR 2.5 billion on October 16, 2026. The stock's latest close was therefore EUR 1.43 below its 52-week high.

The further course of trading is shown by the continuously updated real-time quote of Südzucker stock.