Südzucker Profits Drop 32% As Fines Take Toll
date:May 16, 2014
Operating profit stood at 658 million, down from 972 million last year.

Among the Group's exceptional charges for the year was a 115 million fine, imposed in February of this year by German authorities after it was discovered Sdzucker illegally fixed prices in collaboration with competitors since the mid-1990s.

Pfeiler Langen, Sdzucker and Nordzucker, along with seven unnamed individuals were found to have been fixing prices, sales territories and quotas between them for many years.

Furtherm
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