Managers at Royal Cosun, The Netherlands, can look back on excellent returns for 2012, with broad gains for a consolidated turnover of almost EUR2bn for the year, according to that year's annual report. Consolidated turnover rose from EUR1.772bn in 2011 to EUR1.945bn for the year (ended December 31, 2012), said the report, released in April 2013. (See Table 1.) After adjusting for the turnover of divested activities from 2011, net turnover was 16% higher in 2012. This growth was largely the product of higher sugar prices in the EU, buoyed by higher price levels on the world market. Higher sales volumes also contributed to the growth in turnover in 2012, according to the annual report. There was a sharp rise in operating profit before depreciation and amortisation and after adjustment for divested activities and non-recurring items (recurring EBITDA), increasing from EUR158mn in 2011 to EUR270mn in 2012. Operating profit including non-recurring items came to ?193mn (2011: EUR137mn).
展开▼
