Nordzucker Post 01/2022 - 10 February 2022

2021/22 financial year – Clear increase in earnings compared to previous year expected

In the first three quarters of the 2021/22 financial year, the Nordzucker Group increased sales from 1,256 Million Euro to 1,463 Million Euro. Thanks to the good development on the market and the efficiency measures implemented, an operating profit of 106 Million Euro was achieved in the first nine months. In the same period last year EBIT was 81 Million Euro. Nordzucker’s subsidiary Mackay Sugar Ltd. in Australia also performed very positively based on the current high world market prices.

“The higher sugar prices have had a clearly positive impact on the development of results this year. After the first three quarters, revenue and profit are above our expectations. Particularly against the background of significantly rising costs, for example for energy, efficiency improvements remain necessary to strengthen the cost structure for the future. We have initiated measures throughout the Group that affect all countries and especially the areas of production, logistics and sales,” emphasises Alexander Bott, CFO.

For the 2021/22 financial year, Nordzucker expects an operating profit above the previous year’s result.