Nordzucker Post 04/2022 - 25 October 2022

First half of 2022/23 – additional expenses balanced out

The Nordzucker Group achieved sales of 1,009 million euro in the first half of the 2022/23 financial year. In the same period last year, revenue was 899 million euro.  Price and sales volume increases in sugar as well as a positive trend in animal feed, molasses and bioethanol boosted this development. Overall, an operating profit of 91 million euro was achieved in the first half of the year. In the same period last year, EBIT was 64 million euro. The Nordzucker subsidiary Mackay Sugar Ltd. in Australia was able to contribute significantly to this result due to currently high world market prices and by feeding self-generated electricity into the public grid at very good prices.

“In these crisis-ridden times, we were able to compensate for increased costs – especially for energy and beet. Forward-looking and optimised purchasing in the energy sector contributed to this good situation. By covering the required resources at an early stage, we were able to mitigate the cost pressure on the market. Our efficiency programme of the past years and the very positive development on the sales markets have contributed to this success,” emphasises Alexander Bott, CFO.

Nordzucker expects a clearly positive operating result for the 2022/23 financial year, given sufficient energy supplies.