Nordzucker Post 4/2023 - 8 November 2023

First half of 2023/24: Significant increase compared to the previous year

At the end of August 2023, the Nordzucker Group closed the first half of the fiscal year with a very good result. At 1,352 million Euro, Group revenue was once again significantly higher compared to the high level of the same period last year (1,009 million Euro). The operating result (EBIT) increased to 220 million Euro in the first half of the year. In the same period last year, EBIT totalled 91 million Euro. Nordzucker was able to benefit from a positive price trend in the sugar market in both Europe and Australia.

“The current fiscal year continues to go very well. We are benefiting from a favourable market environment. We expect an exceptionally good result for 2023/24,” says Alexander Bott, Chief Financial Officer at Nordzucker. “In view of further volatile markets and extensive requirements regarding the sustainability of our products, we will have to invest significantly in our factories over the next few years in order to reduce energy consumption and CO₂ emissions. We have drawn up very specific roadmaps for this as part of our GoGreen programme.”