Brief: CropEnergies: Q1 EBITDA At EUR 25 Mln

CropEnergies AG

05/07/2023 06:05

July 5 (Reuters) - CROPENERGIES AG  CE2G.DE :
    * CONFIRMS OUTLOOK FOR CURRENT FINANCIAL YEAR
    * ETHANOL PRODUCTION DECLINED TO 221 (PREVIOUS YEAR: 281)
THOUSAND
CUBIC METERS DUE TO SCHEDULED MAINTENANCE SHUTDOWNS
    * THIS CORRESPONDS TO Q1 EBITDA OF EUR 25 (PREVIOUS YEAR:
EUR 98)
MILLION
    * Q1 REVENUES OF EUR 321 (PREVIOUS YEAR: EUR 3V99) MILLION
    * MAIN REASONS FOR DECLINE IN REVENUES AND RESULTS ARE LOWER
PRODUCTION VOLUMES DUE TO MAINTENANCE SHUTDOWNS AND - COMPARED
TO EXCEPTIONALLY HIGH PRICE LEVEL OF 1ST QUARTER OF PREVIOUS
YEAR - NORMALISED SALES PRICES FOR SUSTAINABLY PRODUCED ETHANOL
    * EXPECTS VOLATILITY ON SALES, RAW MATERIAL AND ENERGY
MARKETS,
WHICH WAS PARTICULARLY HEIGHTENED IN PREVIOUS YEAR BY WAR IN
UKRAINE, TO GRADUALLY DECREASE
    * Q1 OPERATING PROFIT OF EUR 14 (PREVIOUS YEAR: EUR 87)
MILLION IN
1ST QUARTER OF 2023/24

Source text for Eikon:  ID:nPex65ZWVa 
Further company coverage:  CE2G.DE 

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