2018/2019 balance sheet: Significant loss characterises the financial year
Strategic focus on sugar - Nordzucker about to enter cane sugar business
- Operating loss of 58.1 million euros
- Sales down 18 percent to EUR 1,354 million
- Equity ratio of 66 percent at previous year's level
Nordzucker closed the 2018/19 financial year with a significant decline in revenues and an operating loss. This is the result of extreme market developments in the first full financial year without fixed quotas and minimum prices. In order to position the company profitably for the future, Nordzucker is focusing on sugar from beet and cane. The company also anticipates a loss for the current financial year.
Read more in our current Annual Report
Download Annual Report 2018/19