Brief: CropEnergies Q1 EBITDA Down At EUR 18 Million

CropEnergies AG

17/06/2020 11:20

June 17 (Reuters) - CROPENERGIES AG  CE2G.DE :
    * BETTER THAN EXPECTED START TO THE YEAR - OPERATING PROFIT
REACHES EUR 8 MILLION IN 1ST QUARTER 2020/21
    * Q1 EBITDA DECREASED TO EUR 18 (PREVIOUS YEAR: EUR 26)
MILLION
WHILE OPERATING PROFIT REACHED EUR 8 (PREVIOUS YEAR: EUR 15)
MILLION.
    * EARNINGS FORECAST FOR FULL FINANCIAL YEAR 2020/21 WILL BE
SPECIFIED IN MORE DETAIL OVER COURSE OF YEAR
    * ACHIEVED Q1 REVENUES OF EUR 171 (PREVIOUS YEAR: EUR 203)
MILLION
    * CROPENERGIES EXPECTS A SIGNIFICANT DECREASE IN REVENUES
AND
OPERATING PROFIT FOR FULL FINANCIAL YEAR 2020/21 DUE TO CORONA
PANDEMIC.
    * IMPROVEMENT IS EXPECTED FOR 2^ND QUARTER VERSUS. 1^ST
QUARTER
SINCE RESTRICTIONS ON PRODUCTION AND MOBILITY THAT HAVE BEEN IN
PLACE SINCE MID-MARCH 2020 HAVE BEEN RELAXED IN MORE AND MORE
COUNTRIES

Source text for Eikon:  ID:nEQ6nvcMca 
Further company coverage:  CE2G.DE 

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