First quarter: Nordzucker reports much better earnings
The Nordzucker Group closed the first three months of its financial year 2016/2017 with a profit of EUR 16.3 million, a significant improvement on the previous year. Higher sugar revenues and slight cost savings were the main reasons for the increase.
For the current financial year the Nordzucker Group is forecasting substantially positive earnings that should be much better than the previous year. Contributions will come from improved market conditions, lower energy prices and further savings from the FORCE programme, which is scrutinizing costs, processes and structures across the Group.