Biofuel maker CropEnergies Q1 core profit drops on lower ethanol prices

CropEnergies AG

05/07/2023 06:18

July 5 (Reuters) - German biofuel producer CropEnergies
 CE2G.DE  reported a drop in first-quarter core profit on
Wednesday, citing lower production volumes due to maintenance
shutdowns and normalised ethanol prices.
    The company's earnings before interests, taxes, depreciation
and amortization (EBITDA) fell 74% to 25 million euros ($27.2
million) in the March-May quarter, compared to the same period a
year earlier.
($1 = 0.9202 euros)
    

 (Reporting by Paolo Laudani and Tristan Veyet in Gdansk;
Editing by Milla Nissi)
 ((Paolo.Laudani@thomsonreuters.com;
Tristan.Chabba@thomsonreuters.com))