Business case
Our client, a major French producer of sugar, experienced a significant change in all of its top management positions. The new management team sought to perform a full audit on a wide number of topics, including finance, in order to have a clear view of the current situation of its business.
The sugar industry is one with many external constraints: sugar prices are determined by the trade market and have shown significant volatility in the past; the cost structure is mostly composed of fixed costs; and the industry is directly exposed to climatic hazards.
We performed a financial audit on all of the company’s business units. This led us to analyse the development of business performance over the past few years, as well as to benchmark the performance of our client with the one of its competitors.