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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Nordzucker posts operating profit of €81 million in Q1-Q3 2020/21 [Full subscriber]

The sugar producer Nordzucker posted an operating profit of € 81 million in the first nine months of its 2020/21 financial year compared with the loss of €9 million over the same period in the previous year.

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Südzucker reduces losses in first nine months – Q1-Q3 2020/21 [Full subscriber]

In the latest trading update, Europe’s largest sugar producer Südzucker reported consolidated revenues increase by €61 million first nine months (March 1 to November 30, 2020) of the of current 2020/21 financial year were €5,089 million compared with previous year’s € 5,028 million.

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Raízen Energia’s Q2 2020/21 profit falls by 69% [Full subscriber]

The sugar-ethanol major, Raízen Energia, a joint venture between Cosan and Shell, produced a drop in profit by 69% to BRL15.6 million (US$2.9 million) in Q2, reported Valor Investe.

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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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Suedzucker posts increased profit in Q3 despite losses from its sugar unit [Registered]

The top European sugar producer Suedzucker recently confirmed an improvement in quarterly earnings bolstered by significantly higher revenues from its ethanol business while losses from its sugar business continued.

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Nordzucker posts loss in H1 [Registered]

Nordzucker, Germany’s second largest sugar producer, reported a pre-tax loss of €12 million (US$ 13.3 million) in the first half in its latest trading update, citing persistent low global sugar prices.

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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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AB Sugar makes a small profit in 2019 [Full subscriber]

A slump in AB Sugar’s profit weighed down its parent company’s (Associated British Food) overall profit over the last 12 months.

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Brazil – Biosev posts loss of US$73 million in Q3 [Full subscriber]

Biosev SA, the Brazilian sugar and ethanol unit controlled by commodities trader Louis Dreyfus, posted a net loss of BRL304 million (US$73.01 million) in the last quarter, 95% larger than a year earlier, reported Reuters.

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