Nordzucker Post 03/2022 - 21 July 2022

Good first quarter of 2022/23

The Nordzucker Group increased its revenues from EUR 450 million to EUR 475 million euro in the first quarter of the 2022/23 financial year. Price and sales volume increases in sugar as well as a positive trend in animal feed, molasses and bioethanol supported this development. As a result, an operating result of EUR 38 million was achieved in the first quarter. In the same period last year, EBIT was EUR 28 million. 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.

“We have shown that we are able to achieve a very good result despite significant cost increases. To date, we have been able to successfully compensate for the high energy costs and the increases in raw materials and supplies. This is a pleasing development,” explains Alexander Bott, CFO.

For the 2022/23 financial year, Nordzucker expects a clearly positive operating result, provided there is sufficient energy supply.