5 November 2020

Approval in all topics: Nordzucker AG virtual general meeting

This year’s Annual General Meeting of Nordzucker AG was held in virtual form due to the corona pandemic. The event was broadcasted on the Internet via an AGM portal, where the voting also took place.

The financial year 2019/20, which was reported to the Annual General Meeting, closed with a loss of 15 million Euro (previous year’s loss 36 million Euro). This was significantly lower than in the previous year and than originally expected. The consequently and successfully implemented cost reduction program “Act Now!” and also the acquisition of a majority shareholding in Mackay Sugar Ltd. in Australia contributed to this. As in the previous year, no dividend will be paid.

For the future, the Group is focusing on excellence along the entire supply chain. “This also includes a leading role in sustainability, new cultivation methods and innovative technologies that make tomorrow’s carbon neutrality possible.”

The Annual General Meeting confirmed the company’s course and approved the actions of the Executive Board and Supervisory Board with a very large majority.