Südzucker shares rise on Q2 earnings jump, FY revenue outlook hike

By Reuters News

** Shares in Südzucker SZUG.DE rise 7.4% after Europe's largest sugar producer reported a significant increase in second-quarter earnings and raised its full-year revenue outlook

** Quarterly operating EBITDA rose by more than 80% to €168 million ($191 million)

** Südzucker now expects full-year revenue of €8.3 billion to €8.7 billion, up from a previous forecast of €8.1 billion to €8.5 billion

** The group narrows its yearly operating EBITDA guidance to €540-680 million from €480-680 million

** The shares are on track for their best day since March 30, when they closed 15.6% higher, if the gains hold

($1 = 0.8781 euros)

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