Agrna International Sugar Journal
In the sugar segment the trend of the previous two quarters continued. Revenue in the first quarter of 2015/16 fell substantially by 20.2% year-on-year, to EUR147.8 mln. The reasons were a significant reduction in sales prices and also a decrease in quantities sold into the sugar-using industry. The negative EBIT of EUR–1.9 mln was likewise attributable to the significant drop in sales prices compared with the prior year. Lower raw material costs (particularly for raw sugar) were not able to compensate for the revenue reduction.