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Nordzucker Group's financial statements 2015/2016: Earnings better than expected

Net income of EUR 15 million. Revenue down by 14 per cent to EUR 1,607 million. Higher equity ratio. Dividend proposal of EUR 0.10 per share

Nordzucker closed the 2015/2016 financial year with a slightly positive result of EUR 15 million.
In a very demanding market environment, the Group therefore performed better than had been expected at the beginning of the year. Key earnings drivers were the slight recovery in sugar prices, sales of bioethanol, the efficiency gains realized across the Group as a result of the efficiency programme FORCE as well as non-recurring effects. For the current financial year, the sugar producer is expecting revenues to remain largely at the current level, but earnings to improve.

Read Nordzucker's press release here

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