Sugar producer Suedzucker today (20 September) upped its forecast for annual sales after enjoying a rise in first-half revenue.

The company is forecasting that group revenue will reach around EUR5.8bn (US$7.6bn) for its full fiscal year, up on the EUR5.7bn it posted last year.

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Operating profit is still expected to reach more than EUR450m, up on the EUR403m, driven predominantly by the sugar and CropEnergies segments.

The company said first-half group operating profit grew 57% to reach EUR282m and that all segments contributed to the improvement. Group revenue increased about 5% to EUR3.06bn.

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