International Sugar Journal

Tereos – Q3 earnings rise on the back of higher sugar prices [Full subscriber]

The world’s second-largest sugar producer Tereos recently reported higher third-quarter core earnings on the back of improving sugar prices, but the French company said factors including the coronavirus pandemic and a weak Brazilian real would curb profits in the year ahead.

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Boardroom coup at Tereos [Full subscriber]

At an extraordinary board meeting of French sugar group Tereos on 18th December, the Chief Executive Alexis Duval was ousted and replaced by Philippe de Raynal, and Gerard Clay was appointed as chairman, according to local press reports.

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Covid-19 – France – Tereos secures €230 million state-guaranteed loan [Full subscriber]

The sugar and ethanol cooperative Tereos said it had secured a state-guaranteed loan of €230 million (US$269 million), which should help it meet challenges posed by the COVID-19 crisis, reported Reuters.

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Tereos returns to profit [Full subscriber]

The sugar group Tereos has managed to navigate through the choppy waters of the market place and returned to profit in 2019/2020. The impact of the Covid-19 pandemic felt in the latter part of the financial year will doubtless be greater next year.

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Tereos asks suppliers for 7% price reduction [Full subscriber]

French group Tereos has asked regular suppliers for a 7% price reduction to help it through difficult conditions created by tumbling sugar prices, according to a letter seen by Reuters.

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Tereos posts improved Q3 results as sugar prices rebound [Registered]

French sugar group Tereos said on 6th February a rebound in sugar prices and strong ethanol demand should help it boost its performance until the year-end after posting improved third-quarter results, although its debt level continued to rise, reported Reuters.

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Tereos H1 loss narrows as sugar price recovers in Q2 [Registered]

The French sugar group Tereos posted a narrower loss in the first half this year, thanks to an improved second quarter as global prices recovered from a historic low and pointed to a better price outlook for the rest of the year, reported Reuters.

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France – Tereos invests €17 million in upgrading Connantre plant’s beet-washing station [Registered]

Tereos is investing €17 million in a new beet-washing station at its largest plant. Scheduled to be operational by 2021, the unit will support processing of 28,000 tonnes of beet a day, compared to 24,000 currently. The current washing station was built in 1975.

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Tereos financial losses worsen in 2018/19 but is hopeful 2019/20 will be better [Registered]

France’s largest sugar producer Tereos was confident about next year’s results because of a rebound in prices in Europe, after reporting a tenfold increase in net losses for 2018-2019 on 12th June, reported Reuters.

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France – Tereos makes changes to its executive team as profits slump [Registered]

French sugar group Tereos, which is forecasting falling profit this year due to an industry-wide slump, is reshuffling its management team, including the hiring of a new chief financial officer, reported Reuters.

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