It is stated in the company's financial report for the first quarter of 2023.

Revenues of the Sugar Production segment increased by 86% y-o-y to EUR37m.

1Q23 revenues were EUR 37m, up by 86% y-o-y on 56% y-o-y higher sales volumes of 51kt and higher prices at EUR 669/t (up by 17% y-o-y).

Gross profit at EUR 12m in 1Q23 vs EUR 5m in 1Q22 and gross margin increased by 7pp to 33% in 1Q23.

EBITDA amounted to EUR 12m in 1Q23 vs EUR 4m in 1Q22, with margin widening from 22% in 1Q22 to 32% in 1Q23.

Exports contributed 15% of sugar segment revenues in 1Q23.