Danisco restructures to adapt to sugar reform

As expected, restructuring costs within sugar division have impacted full year results of the Danish ingredients group Danisco, though organic growth was satisfactory under the given trading conditions . Danisco reported revenue of € 2.8 bn. EBIT before special items and share-based payments rose 7 per cent to € 320 m.


Danisco believes that the restructuring of its sugar business, in consequence of the EU sugar reform, has softened the financial impact of changes. The company recently initiated a restructuring plan for the sugar business in response to the EU sugar reform. The firm is currently in the process of closing factories in Denmark, Sweden and Finland, with a total staff cut of around 350 employees. In addition, the company said that the integration of Genencor is progressing as planned.