{"id":20774,"date":"2024-02-21T08:27:23","date_gmt":"2024-02-21T07:27:23","guid":{"rendered":"https:\/\/tereos.com\/?post_type=press_release&p=20774"},"modified":"2024-02-21T08:27:23","modified_gmt":"2024-02-21T07:27:23","slug":"third-quarter-2023-24-tereos-confirms-record-results-in-a-normalising-market","status":"publish","type":"press_release","link":"https:\/\/tereos.com\/en\/press-releases\/third-quarter-2023-24-tereos-confirms-record-results-in-a-normalising-market\/","title":{"rendered":"Third quarter 2023\/24 : Tereos confirms record results in a normalising market"},"author":1338,"featured_media":0,"template":"","categories":[],"class_list":["post-20774","press_release","type-press_release","status-publish","hentry"],"acf":{"cover_image":false,"cover_clone":{"cover_image":false},"file":{"ID":20766,"id":20766,"title":"Tereos-group-results-release-q3-2023-24","filename":"tereos-group-results-release-q3-2023-24.pdf","filesize":467764,"url":"https:\/\/www.tereos.com\/app\/uploads\/2024\/02\/tereos-group-results-release-q3-2023-24.pdf","link":"https:\/\/tereos.com\/en\/?attachment_id=20766","alt":"","author":"1338","description":"","caption":"","name":"tereos-group-results-release-q3-2023-24","status":"inherit","uploaded_to":20765,"date":"2024-02-21 07:02:35","modified":"2024-02-21 07:02:35","menu_order":0,"mime_type":"application\/pdf","type":"application","subtype":"pdf","icon":"https:\/\/tereos.com\/wp\/wp-includes\/images\/media\/document.png"},"pdf_clone":{"file":{"ID":20766,"id":20766,"title":"Tereos-group-results-release-q3-2023-24","filename":"tereos-group-results-release-q3-2023-24.pdf","filesize":467764,"url":"https:\/\/www.tereos.com\/app\/uploads\/2024\/02\/tereos-group-results-release-q3-2023-24.pdf","link":"https:\/\/tereos.com\/en\/?attachment_id=20766","alt":"","author":"1338","description":"","caption":"","name":"tereos-group-results-release-q3-2023-24","status":"inherit","uploaded_to":20765,"date":"2024-02-21 07:02:35","modified":"2024-02-21 07:02:35","menu_order":0,"mime_type":"application\/pdf","type":"application","subtype":"pdf","icon":"https:\/\/tereos.com\/wp\/wp-includes\/images\/media\/document.png"}},"headline":"","headline_clone":{"headline":""},"has_anchors":false,"sections":[{"acf_fc_layout":"rich_text","anchor_title":"","text":"
(April 2023 \u2013 December 2023)<\/p>\n
\n
During the first nine months of the financial year, revenues amounted to \u20ac5,476 million, up 15% compared to the same period in 2022\/23, driven by higher prices in the sugar and starches & sweeteners products segments.<\/li>\n
EBITDA reached \u20ac873 million, up 30% compared with the same period in 2022\/23, reflecting the successful execution of the commercial strategies deployed.<\/li>\n
EBITDA over a rolling 12-month period stabilized at \u20ac1,182 million in the period to December 31, 2023, compared with \u20ac1,170 million in the period to end of September 2023.<\/li>\n
Recurring operating profit (EBIT) of \u20ac660 million, compared with \u20ac447 million in the first nine months of the previous year.<\/li>\n
Net debt, which reached \u20ac2,413 million, was down by \u20ac501 million compared to December 31, 2022, and by \u20ac288 million compared to March 31, 2023. Debt leverage improved and stood at 2.0x, compared to 2.8x at the end of March 2023.<\/li>\n
In line with Tereos’ objectives, structural debt – debt excluding working capital – reached \u20ac1,044 million at end of December 2023, an improvement of \u20ac167 million compared with end of March 2023.<\/li>\n<\/ul>\n"}],"flexible_editorial_clone":{"has_anchors":false,"sections":[{"acf_fc_layout":"rich_text","anchor_title":"","text":"
(April 2023 \u2013 December 2023)<\/p>\n
\n
During the first nine months of the financial year, revenues amounted to \u20ac5,476 million, up 15% compared to the same period in 2022\/23, driven by higher prices in the sugar and starches & sweeteners products segments.<\/li>\n
EBITDA reached \u20ac873 million, up 30% compared with the same period in 2022\/23, reflecting the successful execution of the commercial strategies deployed.<\/li>\n
EBITDA over a rolling 12-month period stabilized at \u20ac1,182 million in the period to December 31, 2023, compared with \u20ac1,170 million in the period to end of September 2023.<\/li>\n
Recurring operating profit (EBIT) of \u20ac660 million, compared with \u20ac447 million in the first nine months of the previous year.<\/li>\n
Net debt, which reached \u20ac2,413 million, was down by \u20ac501 million compared to December 31, 2022, and by \u20ac288 million compared to March 31, 2023. Debt leverage improved and stood at 2.0x, compared to 2.8x at the end of March 2023.<\/li>\n
In line with Tereos’ objectives, structural debt – debt excluding working capital – reached \u20ac1,044 million at end of December 2023, an improvement of \u20ac167 million compared with end of March 2023.<\/li>\n<\/ul>\n"}]}},"yoast_head":"\nThird quarter 2023\/24 : Tereos confirms record results in a normalising market - Tereos<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tereos.com\/en\/press-releases\/third-quarter-2023-24-tereos-confirms-record-results-in-a-normalising-market\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Third quarter 2023\/24 : Tereos confirms record results in a normalising market - Tereos\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tereos.com\/en\/press-releases\/third-quarter-2023-24-tereos-confirms-record-results-in-a-normalising-market\/\" \/>\n<meta property=\"og:site_name\" content=\"Tereos\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tereos.com\/en\/press-releases\/third-quarter-2023-24-tereos-confirms-record-results-in-a-normalising-market\/\",\"url\":\"https:\/\/tereos.com\/en\/press-releases\/third-quarter-2023-24-tereos-confirms-record-results-in-a-normalising-market\/\",\"name\":\"Third quarter 2023\/24 : Tereos confirms record results in a normalising market - 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