Tereos Sugar and Renewables Europe revenues rose 22% in H1 2023/24 as sugar sales reach

Tereos Sugar and Renewables Europe revenues rose 22% in H1 2023/24 as sugar sales reach > 860 €/t in Europe

Tereos

Wednesday, December 6, 2023

Revenues for the Sugar and Renewables Europe division amounted to €1,298 million in H1 23/24, up 22% at current exchange rates from €1,062 million in H1 22/23. The division's adjusted EBITDA reached €164 million in H1 23/24, up 5% at current exchange rates from €156 million in H1 22/23. The division's recurring EBIT was €127 million in H1 23/24, versus €113 million in H1 22/23. The division's results were driven by the strong performance of our commercial and hedging strategies. For the 2023/24 campaign, the annual B2B sugar contracting campaign was concluded at an average price above 860 per tonne in Europe.

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