Tereos posts wider loss in first quarter, keeps outlook

PARIS, July 31 (Reuters) - French sugar maker Tereos posted a bigger quarterly loss and lower operating profit on Friday as weaker sugar prices in Brazil and higher energy costs in Europe weighed on earnings, though it kept its full-year outlook unchanged.

The group, which also makes ethanol and starch, reported a net loss of €77 million ($88.16 million) compared to a €65 million loss a year earlier, while adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) fell to €49 million from €56 million.

Tereos maintained its 2026/27 outlook for adjusted EBITDA of €275 million to €350 million, down from €416 million in 2025/26.

(Reporting by Sybille de La Hamaide; Editing by Joe Bavier)