Positive business results and clear strategy in a challenging market environment
Annual General Meeting confirms course
At the Annual General Meeting of Nordzucker AG and Nordzucker Holding AG in the Volkswagenhalle in Braunschweig, the shareholders confirmed the course taken by the company. Nordzucker achieved a positive result in the 2024/25 fiscal year despite a sharp decline in prices on the EU sugar market. The Executive Board and Supervisory Board were discharged with a very large majority.
Significantly positive result in a challenging market environment
Due to the tense market environment, revenue declined from 2.923 billion Euro in the previous year to 2.770 billion Euro. Operating profit (EBIT) amounted to 100 million Euro, compared with 421 million Euro in the previous year. Net profit before minority interests amounted to 84 million Euro (previous year: 326 million Euro). The EBIT margin was 3.6 per cent. The Australian subsidiary Mackay Sugar Ltd. contributed 14 million Euro to the result.
“Despite the tense market environment, we were able to achieve a clearly positive consolidated result. We benefited from our competitive cost structure and our good market positioning, particularly in Scandinavia, as well as the positive contribution to earnings from our Australian activities at Mackay Sugar Ltd.,” emphasises CEO Lars Gorissen.
Corporate strategy Fields for Growth
In order to reduce the impact of volatile sugar prices in the EU while sustainably increasing and stabilising the Group’s earnings and dividends, Nordzucker has further developed its corporate strategy under the title Fields for Growth. This will focus on two closely interlinked areas of action in the future: “We are strengthening the profitability of our core business through targeted investments in sustainability and optimising our cost structure through comprehensive excellence programmes. Simultaneously, we are consistently driving forward the growth and diversification of our company. Our plan is to significantly expand our sugar cane activities,” explains CEO Lars Gorissen.
Supervisory Board supports the company’s course
“The Supervisory Board endorses the revised Fields for Growth corporate strategy,” underlines Jochen Johannes Juister, Chairman of the Supervisory Board of Nordzucker AG. “In a volatile market environment, it is crucial to act with foresight – the clear focus on sustainability, excellence and growth is an important step towards further and long-term stabilisation of the company.”
The Annual General Meeting approved the actions of the Management Board and Supervisory Board of Nordzucker AG and Nordzucker Holding AG with a very large majority.
Detailed voting results for Nordzucker Holding AG
Nordzucker Holding AG is the parent company of Nordzucker AG and holds 83.8 percent of the shares in the operating company.
- The shareholders approved the proposal of the Executive Board and Supervisory Board to pay a dividend of 0.40 Euro per share (previous year: 2.00 Euro) to shareholders of Nordzucker Holding AG. Nordzucker Holding AG will distribute a total of 15.6 million Euro.
- Henrik Brunkhorst, Eckhard Clausen, Friedrich Christoph Heins, Jörg Thieß and Christian Wohlenberg were re-elected to the Supervisory Board of Nordzucker Holding AG.
- Carl Christian Koehler was newly elected to the Supervisory Board of Nordzucker Holding AG.
- Jan-Wilhelm Strampe has left the Supervisory Board of Nordzucker Holding AG.
The new appointments to the Executive Board of Nordzucker Holding AG will take effect at the Annual General Meeting
- Bernd Schliephacke has been appointed deputy chairman of the Executive Board of Nordzucker Holding AG. Jan-Wilhelm Strampe has been appointed as a new member of the Executive Board of Nordzucker Holding AG.
- Helmut Bleckwenn is stepping down as deputy chairman of the Executive Board due to reaching the age limit.
Detailed voting results of the Annual General Meeting of Nordzucker AG
- The Annual General Meeting approved the proposal of the Executive Board and Supervisory Board to pay a dividend of 0.40 Euro per share (previous year: 2.00 Euro) to shareholders of Nordzucker AG. Nordzucker AG will thus distribute 19.3 million Euro in dividends.
- Friedrich Christoph Heins and Oliver Seidl were re-elected to the Supervisory Board of Nordzucker AG.
- Ulf Wegener was newly elected to the Supervisory Board of Nordzucker AG.
- Helmut Bleckwenn is stepping down from the Supervisory Board due to reaching the age limit.
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