Brief: CropEnergies Increases FY 2022/23 Outlook

CropEnergies AG

15/06/2022 09:34

June 15 (Reuters) - CROPENERGIES AG  CE2G.DE :
    * INCREASES OUTLOOK FOR FINANCIAL YEAR 2022/23
    * Q1 HAS GENERATED REVENUES OF EUR 399 (PREVIOUS YEAR: EUR
214)
MILLION IN 1ST QUARTER OF FINANCIAL YEAR 2022/23 (1 MARCH - 31
MAY 2022)
    * Q1 OPERATING PROFIT IMPROVED SIGNIFICANTLY AND REACHED EUR
87
(PREVIOUS YEAR: EUR 15) MILLION
    * OUTLOOK 2022/23: EXPECTS REVENUES OF EUR 1.45 TO EUR 1.55
(PREVIOUSLY EXPECTED: EUR 1.35 TO EUR 1.45, PREVIOUS YEAR: EUR
1.08) BILLION
    * Q1 EBITDA EUR 98 (PREVIOUS YEAR: EUR 25) MILLION
    * OUTLOOK 2022/23: OPERATING PROFIT OF EUR 165 TO EUR 215
(PREVIOUSLY EXPECTED: EUR 105 TO EUR 155, PREVIOUS YEAR: EUR
127) MILLION
    * INCREASES OUTLOOK FOR FINANCIAL YEAR 2022/23 AND NOW
EXPECTS
REVENUES OF EUR 1.45 BILLION TO EUR 1.55 BILLION (PREVIOUSLY
EXPECTED: EUR 1.35 TO EUR 1.45 BILLION, PREVIOUS YEAR: EUR 1.08
BILLION)
    * CORRESPONDS TO AN EBITDA BETWEEN EUR 205 MILLION TO EUR
255
MILLION (PREVIOUSLY EXPECTED: EUR 145 MILLION TO EUR 195
MILLION, PREVIOUS YEAR: EUR 169 MILLION)

Source text for Eikon:  ID:nPexk11WVa 
Further company coverage:  CE2G.DE 

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