Nordzucker AG and Nordzucker Holding AG confirms positive outlook for 2021/22

Nordzucker AG’s 2020/21 financial year, which was reported to the joint general meeting, closed with EBIT of 81 Million Euro (previous year’s loss 15 Million Euro). The realignment of the sales strategy, the significant streamlining of the organisation and comprehensive permanent cost reductions made the operating result of 81 Million Euro possible, with a stable market environment supporting the positive business performance. The majority stake in Mackay Sugar Ltd. in Australia also made a positive contribution.

Outlook for 2021/22 promises profit again

“We are benefiting significantly from the improvement in our cost structure as markets continue to be stable in the current year. Therefore, we expect another clearly positive result in the annual financial statements this year,” Dr Lars Gorissen, CEO, made clear.

For the future, the Group is focusing on excellence in the entire value chain. “There are extensive measures on our agenda. The implementation of our sustainability strategy and our excellence initiatives will accompany us in the coming years. The optimisation of our processes, progressive digitalisation and further planned cost reductions will have a positive impact on our results,” Gorissen emphasised.

Jochen Johannes Juister, Chairman of the Supervisory Board of Nordzucker AG, emphasised in his presentation: “Transformation, cost reductions and a focus on the targets we have set have shaped the 2020/21 financial year. The Supervisory Board is convinced that Nordzucker’s planned measures in terms of growth, sustainability and excellence will increase competitiveness and thus further promote beet cultivation in Europe.”

Nordzucker Group

The Nordzucker Group, headquartered in Braunschweig, Germany, is one of the world’s leading sugar producers. The company extracts a wide range of sugar products from beet and cane at 21 sites in Europe and Australia – some of it in organic quality. Nordzucker also produces animal feed, molasses, fertiliser, bioethanol, biogas and electricity. The raw materials beet and cane are fully utilised. Circular economy and sustainability along the entire value chain have been a priority in the company for decades. A total of around 3,800 employees across the Group stand for sustainably produced products and excellent service.