Continued positive performance in the first half-year
The Nordzucker Group can report good earnings overall in the first half of 2016/2017. Stabilized market prices and a positive trend in sugar sales, in particular, have led to greater revenues and a considerable year-on-year increase in net income.
The Nordzucker Group generated revenues of EUR 833.1 million in the first six months of the 2016/2017 financial year. This represents an increase of around 8 per cent on the same period in the previous year (EUR 768.4 million). The company also generated an excess amount of EUR 37 million, having reported a loss of EUR 0.6 million in the same period of the previous year.
The main reasons for the renewed positive performance were greater sales volumes and higher prices for quota and non-quota sugar. Income from animal feed and bioethanol, meanwhile, remained below expectations. Prices for these products are under considerable pressure, which has a corresponding effect on the margin.
Thanks to the largely favourable growing conditions for the sugar beet, Nordzucker is expecting good yields for this year’s campaign. In many places, the harsh dry spell at the beginning of the campaign also presented particular challenges with harvesting, loading and processing, however.