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Nordzucker Post 1/2024 - 25 January 2024

Continued good prospects for the 2023/2024 financial year

At the end of November 2023, the Nordzucker Group closed the first three quarters of the financial year with a very good result.

At 2,172 million Euro, Group sales were once again well above the high level of the same period last year (1,664 million Euro). The operating result (EBIT) increased to 380 million Euro. In the same period last year, earnings totalled 175 million Euro.

Despite a slight decline in sales volumes in Europe, Nordzucker was able to benefit from a positive price trend in the sugar market both here and in Australia.

“Thanks to continued high sugar prices, we were once again able to significantly increase revenues and earnings compared to the previous year. However, a very challenging campaign due to the weather conditions had a negative impact. Nevertheless, we expect an exceptionally good result for 2023/2024,” says Alexander Bott, Chief Financial Officer. “However, we should not underestimate the fact that the sugar market has come under severe pressure in recent weeks and months and that high investments will be required in the future to adapt our value chain to the necessary sustainability standards.”

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