Responsibilities and objectives of financial management

The main responsibilities of Nordzucker’s financial management are to manage and control flows of funds for the entire Group on the basis of clearly defined criteria. The most important objective is to maintain liquidity. This is followed by the optimisation of net interest expense and the management of commodities, interest rate and foreign exchange risks.

The financial management function is also responsible for developing and executing financing strategies. It also maintains close contact with banks.

As of the reporting date, the Nordzucker Group could draw on a total of EUR 500.0 million in unused credit lines.