Royal Cosun on track with improved results in dynamic 2023
16 February 2024
• Turnover of agrifood cooperative Cosun increases from €3,047 million to €3,704 million (+22%).
• Preliminary operating profit, before members’ bonus, rises from €196 million to €525 million (+168%).
• Beet price at standard quality rises from €68.75 to €78.00 (+13%) in a challenging crop year with extreme weather conditions.
• Good progress on execution of strategy Unlock 25 in dynamic year.
• Rising costs throughout the chain necessitate price increase.
• Strong increase in operating profit of the various business groups partly driven by favourable market conditions. Economic turbulence and harvest conditions present a mixed picture of volume development.
• Further acceleration in the execution of the strategy Unlock 25 and improving underlying results remain top priority for Cosun in 2024.