Financial dynamics and strategic growth in sugar industry: Comparative analysis of Central and Eastern Europe (2013-2022)

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F60076658%3A12220%2F25%3A43909809" target="_blank" >RIV/60076658:12220/25:43909809 - isvavai.cz</a>

Alternative codes found

RIV/60460709:41110/25:103518 RIV/60076658:12510/25:43909809

Result on the web

<a href="https://ufj.nuft.edu.ua/indexpreen.html?doi=10.24263/2304-974X-2025-14-1-14" target="_blank" >https://ufj.nuft.edu.ua/indexpreen.html?doi=10.24263/2304-974X-2025-14-1-14</a>

DOI - Digital Object Identifier

<a href="http://dx.doi.org/10.24263/2304-974X-2025-14-1-14" target="_blank" >10.24263/2304-974X-2025-14-1-14</a>

Result language

angličtina

Original language name

Financial dynamics and strategic growth in sugar industry: Comparative analysis of Central and Eastern Europe (2013-2022)

Original language description

Introduction. It is explored the financial dynamics and strategic growth of the sugar production sector focusing on six countries: the Czech Republic, Austria, Germany, Poland, Hungary, and Slovakia, over the period 2013-2022. Materials and methods. To analyze the performance of sugar-producing companies in the Czech Republic and neighboring countries, it was employed a two-stage analytical approach, involving the calculation of normalized linear trends and Principal Component Analysis of company characteristics averages and normalized trends. Results and discussion. The first principal component accounted for 46.43% of the total variance, which clearly indicates that company size plays a dominant role in defining their financial profiles. Larger companies such as Suedzucker AG and Agrana Zucker GMBH score highly on this component, reflecting their substantial financial resources, capital, and operating revenue. The second principal component (PC2), which accounted for 23.10% of the total variance, was crucial in highlighting the growth potential of sugar-producing companies. While large firms like Suedzucker AG demonstrated limited growth (negative PC2), smaller companies demonstrated considerable growth potential. For example, Pfeifer &amp; Langen Polska S.A. The third principal component (PC3), which explained 12.75% of the variance, offered insights into the equity development and financial health of companies. This component is especially important because it highlights how companies manage their liabilities (creditors) and working capital to maintain financial stability. The analysis highlights regional and company-level variations in financial performance, identifying key drivers such as company size, equity management, and growth potential. At the company level, larger firms demonstrate stability but limited growth, while smaller firms show strong development potential, emphasizing strategic adaptability as a critical factor for success. At the country level, the Czech Republic and Poland emerge as dynamic markets with robust financial bases, while Germany and Austria reflect mature industries with lower growth potential. Hungary and Slovakia, despite financial challenges, exhibit opportunities for development. This study underscores the importance of balancing financial health, innovation, and sustainability for the long-term resilience of the sugar sector. Principal Component Analysis (PCA), while powerful for identifying patterns, does not capture all the underlying causes of financial dynamics, such as market competition, consumer preferences, or regulatory changes. Conclusion. It is highlighted diverse dynamics affecting financial stability, growth, and sustainability. Larger firms dominate the market but show limited growth potential, while smaller firms demonstrate stronger growth trajectories. Countries like the Czech Republic and Poland have strong financial positions, whereas Hungary needs improved financial strategies to enhance competitiveness.

Czech name

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Czech description

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Type

J_imp - Article in a specialist periodical, which is included in the Web of Science database

CEP classification

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OECD FORD branch

50202 - Applied Economics, Econometrics

Project

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Continuities

I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace

Publication year

2025

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Name of the periodical

Ukrainian Food Journal

ISSN

2304-974X

e-ISSN

2313-5891

Volume of the periodical

14

Issue of the periodical within the volume

1

Country of publishing house

UA - UKRAINE

Number of pages

20

Pages from-to

164-183

UT code for WoS article

001508990200012

EID of the result in the Scopus database

2-s2.0-105008019600