Südzucker: Sugar segment posts positive results again in the third quarter
Thursday, January 13, 2022
Revenues in the sugar segment rose significantly to EUR 1,969 (previous year: 1,731) million. This growth in revenues is mainly attributable to higher sugar sales revenues since the beginning of the expired 2020/21 sugar marketing year as well as since the beginning of the 2021/22 sugar marketing year. Moreover, higher volumes since the second quarter of 2021/22 also had a positive effect. While the operating loss in the first quarter of fiscal 2021/22 was still significantly higher than in the previous year, the sugar segment was able to return to positive results since the second quarter and achieve a significant improvement compared to the previous year. As a result, cumulative operating result also improved significantly to EUR -10 (previous year: -86) million. The higher sugar revenues were initially offset by higher production costs from the 2020 campaign due to the price of raw materials. Since the third quarter, other cost increases, some of them drastic, for energy, packaging materials and raw materials have had an increasingly negative impact. Positive factors since the second quarter have been the increase in sales volumes and better utilization of production capacities.Click here to connect to the source of this storyClick here for more News and Views
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