Nordzucker Achieves Significant Profit
Nordzucker
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Friday, May 28, 2021
Nordzucker closed the 2020/21 financial year with an increase in revenue and a significant operating profit. In the previous year, a loss of 14.6 million euros had to be reported. The realignment of the sales strategy, the significant streamlining of the organisation and comprehensive permanent cost reductions made the operating profit of 81.0 million euros possible. Very stable prices supported the positive business development. A small pandemic-related decline in sales hardly affected the good result. The majority interest in the second-largest Australian sugar producer, Mackay Sugar Ltd. (MSL) developed in line with expectations and again made a positive contribution to the Group result in the 2020/21 financial year.
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