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Nordzucker Group's financial statements 2017/2018: rapid drop in the price of sugar overshadows earnings in the past financial year

Significant decline in earnings expected in 2018/2019

• Net income of EUR 118 million
• Revenues down by 3 per cent to EUR 1,650 million
• Equity ratio of 66 per cent roughly matches previous year’s level
• Dividend proposal of EUR 1.20 per share

Nordzucker closed the 2017/2018 financial year with net income of EUR 118 million. As well as savings generated by the efficiency programme, stable market prices in the first three quarters of the year in particular contributed to the improved earnings figure. The rapid price drop in the final quarter of the 2017/2018 financial year has already negatively affected earnings for 2017/2018 and will result in a significant decline in earnings in the current financial year.

Read the full press release here