The Limited Times

Now you can see non-English news...

Cristal Union in better health than its rival Tereos

2022-06-13T18:03:10.899Z


The cooperative benefits from the rise in sugar prices and from its past investments. Of the two rival cooperatives in the French sugar sector, Cristal Union and Tereos, it is the first that is making the most of a particularly favorable economic situation. The price of sugar has risen by 25% over one year. " In a buoyant market, we pulled out of the game. Our strategy is a winner ," says Xavier Astolfi, Managing Director of Cristal Union. To discover Find all the results of the


Of the two rival cooperatives in the French sugar sector, Cristal Union and Tereos, it is the first that is making the most of a particularly favorable economic situation.

The price of sugar has risen by 25% over one year.

"

In a buoyant market, we pulled out of the game. Our strategy is a winner

," says Xavier Astolfi, Managing Director of Cristal Union.

To discover

  • Find all the results of the legislative elections

  • Taxes 2022: all about your tax return

The turnover of the cooperative, which comes half from the production of sugar from beet, increased by 6.4% during its last staggered financial year, to 1.8 billion euros.

Its net income reached 97 million euros over the period, up 40%.

Tereos also published net income of 172 million euros last week against a loss of 133 million a year earlier.

But half of this improvement is attributable to the disposals carried out over the past 18 months to reduce the group's debt.

Cristal Union, for its part, continued to reduce its own, to 334 million euros…

This article is for subscribers only.

You have 70% left to discover.

Cultivating your freedom is cultivating your curiosity.

Keep reading your article for €0.99 for the first month

I ENJOY IT

Already subscribed?

Login

Source: lefigaro

All business articles on 2022-06-13

You may like

News/Politics 2024-03-08T05:38:14.057Z

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.