Südzucker International Finance B. V. Südzucker AG ... - Xetra

Südzucker shareShare price movementInvestors in equities had to suffer considerable losseson all the large stock markets of the world for thethird year running since 2000. This was mainly dueto significant weakness in growth of the world'seconomy, strengthened by uncertainties andconsumer reticence, and not least to developments inthe Middle East. Further interest rate cuts by theAmerican and European central banks could notstop the DAX dropping by 50 % to 2,547 points inthe period from March 1, 2002 through February 28,2003, the MDAX decreasing by 35 % to 2,843 points.The Südzucker share performed relatively well incomparison, with the share price declining by 14 %to D 14.60. After considering the dividend distribution,the overall decline was 11 %.Price movement of the Südzucker share in comparison to DAX/MDAX(Indexed)Index110100908070605040SüdzuckerMDAXDAXMarch2002 2002 April2002 May2002 June2002 July2002Aug. Sept. Nov. Dec. Jan.2002 2002 2003 2003 Feb. March2002 2002Oct.2003 2003AprilLong-term increase in valueassuming re-investment of dividend(excluding tax credit) and rightsValue in D thousands70605040302010028.02.1989 28.02.1991 28.02.1993 28.02.1995 28.02.1997 28.02. 28.02. 28.02.1999 2001 2003Long-term increase in valueWith an average annual return of 12.3 % since March1,1988 (beginning of the financial year in which themerger with Zuckerfabrik Franken took place), theSüdzucker share again performed better than theDAX, with 5.9 % p. a. or the MDAX, at 6.8 % p. a.Excluding capital increases, a portfolio of Südzuckershares with an equivalent value of D 10,000 invested15 years ago, at the beginning of 1988/89, wouldhave risen to D 57,100 on February 28, 2003, due toan increase in the share price, reinvested dividendsand pre-emptive rights. Over the long-term, thisdemonstrates that the Südzucker shareholder canview Südzucker as a sound investment even indifficult times on the stock markets.Price movement of the Südzucker shareFrom March 2002 to April 2003in D19181716151413March2002 2002 April2002 May2002 June2002 July2002Aug.Nov. Dec. Jan.2002 2002 2003 2003 Feb. March20022003 2003AprilSept.2002 Oct.Investor relationsOur intensive dialog with investors and analysts isbeing continued in order to increase the transparencyof the group and our business strategy. Theacquisition of Saint Louis Sucre, the second largestF-54