French sugar maker Cristal Union posts sharp fall in profit (updated)

Suedzucker AG

10/06/2025 09:12

Adds results from peers in paragraph 2, sugar prices in paragraphs 4-7

PARIS, June 10 (Reuters) - Cristal Union, France's second-largest sugar and ethanol maker, on Tuesday posted a 62% fall in net profit in 2024/25 to 117 million euros ($134 million), weighed down by a fall in sugar prices, and warned of weak results in the current fiscal year.

Sales for the year ended January 31 declined to 2.65 billion euros from 2.8 billion the previous year, while adjusted earnings before interest, tax, depreciation and amortisation (EBITDA) fell by a third to 287 million euros, the cooperative said.

Other European sugar and ethanol groups, including France's largest producer Tereos and Germany's Suedzucker SZUG.DE, have also posted steep profit declines, pressured by weak European sugar prices amid high local supply and strong Ukrainian imports.

Higher volumes partly offset the decline in European sugar prices and limited the fall in revenue, the group said.

However, a further slide in sugar prices since the start of the year and high costs were likely to weigh on this year's results, it said.

"The Group expects sharply lower results for 2025/26, as a result of much more unfavourable market conditions and sharply rising agricultural and industrial production costs," the group said in a statement.

($1 = 0.8754 euros)

 (Reporting by Sybille de La Hamaide, editing by Gus Trompiz and Louise Heavens)

 ((gus.trompiz@reuters.com))