Press Release

First quarter 2021/22 results

Download PDF
Slight increase in operational results despite yellows virus impact
  • Turnover of €1,013 million, up 5% driven by higher sugar and alcohol/ethanol prices but impacted by poor beet crops in Europe.
  • EBITDA of €109 million, up compared to Q1 20/21 despite lower volumes sold on sugar activities and weak margins on European starch activities.
  • 12-month cumulated EBITDA picks up at €479 million as of June 30, 2021 compared to €465 million at end of March 2021.
  • Net debt at €2,690 million, stable compared to the same period the previous year excluding accounting effects and linked to exchange rates. Compared to the end of March 2021, a net debt up €156 million, particularly due to the yellows virus impact and the annual seasonality linked to the Brazilian crop.
  • Debt leverage at 5.6x, in line with previous year.