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Nordzucker Post 02/2022 - 2 June 2022

Very successful in the 2021/22 financial year

Nordzucker significantly increased Group sales and operating profit in the 2021/22 financial year. Nordzucker achieved Group sales of 1.9 Billion Euro, an increase of 273 Million Euro compared to the previous year. At 114 Million Euro, the operating result (EBIT) was 33 Million Euro higher than the previous year. The company closed the financial year with a net profit of 84 Million Euro (previous year: 66 Million Euro). A higher price level for sugar compared to the previous year and a significant increase in sugar sales contributed to the good result. The majority interest in the cane sugar producer Mackay Sugar Ltd. in Australia contributed 15 Million Euro to the Group’s operating profit. Dr Lars Gorissen, CEO, emphasises: “With the optimisation programme we launched three years ago, we were able to generate a profit contribution of about 70 Million Euro in addition to the effects of the good market development. Through this outstanding performance of our employees throughout the Group, we have strengthened our competitiveness in the long term and prepared the company well for the future.” The Executive Board and Supervisory Board will propose a dividend payment of 80 Cent per share to the Annual General Meeting on 20 July 2022, compared to 60 Cent per share in the previous year.

Prospects for a positive financial year 2022/23

Nordzucker expects a positive earnings situation for the current 2022/23 financial year, provided that sufficient energy is available for sugar production in the factories. “Due to the pandemic and the Ukraine war, costs have risen considerably, especially for energy. However, we are confident that we will be able to offset the increased costs with higher sales revenues. This is supported by the current price trend for sugar in Europe”, explains Alexander Bott, CFO.

Nordzucker is currently making intensive preparations for the campaign that begins in September. The current situation on the energy markets requires particular flexibility here. “We are currently planning with different scenarios for the upcoming campaign. Through alternative energy supply concepts, we have already been able to significantly reduce our dependence on gas as an energy source for sugar production. We are optimistic that we will be able to provide the planned sugar quantities even under possibly difficult conditions,” explains Alexander Godow, COO.

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