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Unsatisfactory earnings position defines the financial year

Nordic Sugar’s parent company, Nordzucker AG, presents balance sheet 2014/15: Significant price distortions and high stockpiles increase competitive pressure – profitability in focus
02.06.2015|RSS|

Nordzucker AG ended their 2014/2015 financial year with unsatisfactory earnings. Global overproduction, high stockpiles within the EU, measures implemented by the European Commission that exaggerated the effect and an overall increase in the level of competition, led to a notable downturn in business performance. A positive result in the current financial year is highly unlikely due to persistently low prices. Nordzucker is therefore focusing on improving its profitability and believes it is well equipped for future trends with a very stable capital structure.

Read Nordzucker press release here.

 

 

Contact:

Tanja Schneider-Diehl
Tanja Schneider-DiehlMedia & Press Relations Tel: Tel: +49 531 2411-314 Cell: +49 172 4396669 Mail: tanja.schneider-diehl@nordzucker.com
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