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Nordzucker Group: First half of the year sees sharp fall in earnings – losses anticipated

  • Revenues fall from EUR 845.5 million to EUR 689.6 million
  • Net income for the period drops to EUR 11.6 million
  • A loss in 2018/2019 is now unavoidable
  • Significant losses expected in 2019/2020

Nordic Sugar’s parent company, Nordzucker Group, Braunschweig, reported significantly lower earnings in the first half of 2018/2019, in line with expectations. This was the result of considerably lower prices and lower sales volumes of sugar. Losses are expected both in the current financial year and next year

Read Nordzucker's press release here


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