Nordzucker Post 01/2023 - 6 February 2023

Very good operating result after three quarters

Nordzucker generated group-wide revenue of 1,664 million euro in the first nine months of fiscal year 2022/23. In the same period last year, sales were 1,463 million euro. Higher sugar prices and a positive trend in animal feed, molasses and bioethanol supported the increase in revenues. Overall, an operating profit of 175 million euro was achieved. In the prior-year period, EBIT was 106 million euro. Nordzucker’s Australian subsidiary Mackay Sugar Ltd. contributed significantly to this result, in particular by feeding self-generated electricity into the public grid at very good prices.

Alexander Bott, CFO, comments: “We have been able to compensate for the significant market-related increases in production and logistics costs in the last three quarters through positive developments in the sugar and feed markets. Our forward-looking and optimized purchasing in the energy sector has also contributed to our very good economic situation. We expect a clearly positive operating result for the fiscal year 2022/23. However, we must be aware that market developments in the current volatile environment are very difficult to assess and extrapolate into the future.”