Brief: CropEnergies Expects Significant Reduction In Q1 Revenues, EBITDA And Operating Profit

CropEnergies AG

17/04/2023 16:31

April 17 (Reuters) - CROPENERGIES AG  CE2G.DE :
    * CROPENERGIES AG, MANNHEIM, EXPECTS A SIGNIFICANT REDUCTION
IN
REVENUES, EBITDA AND OPERATING PROFIT FOR 1ST QUARTER OF
FINANCIAL YEAR 2023/24 (1 MARCH 2023 TO 29 FEBRUARY 2024)
    * IN SAME QUARTER OF PREVIOUS YEAR, CROPENERGIES HAD
ACHIEVED
REVENUES OF EUR 399 MILLION, AN OPERATING PROFIT OF EUR 87
MILLION AND AN EBITDA OF EUR 98 MILLION DUE TO EXCEPTIONAL
CONDITIONS
    * CROPENERGIES THEREFORE EXPECTS LOWER ETHANOL SALES PRICES
THAN
IN PAST RECORD YEAR 2022/23 AND EXPECTS REVENUES OF EUR 1.27 TO
EUR 1.37 (PREVIOUS YEAR: EUR 1.49) BILLION IN FINANCIAL YEAR
2023/24
    * OPERATING PROFIT IS EXPECTED TO REACH EUR 95 TO EUR 145
(PREVIOUS YEAR: EUR 251) MILLION

Source text for Eikon:  ID:nPex5kH2qa 
Further company coverage:  CE2G.DE 

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