Brief: CropEnergies Raises Outlook For 2021/22 Financial Year

CropEnergies AG

28/10/2021 13:53

Oct 28 (Reuters) - CropEnergies AG  CE2G.DE :
    * AGAIN RAISES OUTLOOK FOR 2021/22 FINANCIAL YEAR
    * RAISING ITS OUTLOOK FOR CURRENT FINANCIAL YEAR 2021/22 (1
MARCH
2021 - 28 FEBRUARY 2022) AND NOW EXPECTS REVENUES IN A RANGE OF
EUR 1,020 TO EUR 1,070 MLN (PREVIOUSLY EXPECTED: EUR 970 TO EUR
1,010 MLN, PREVIOUS YEAR: EUR 833 MLN) FOR FULL FINANCIAL YEAR
    * MAIN REASON FOR IMPROVED REVENUE AND EARNINGS EXPECTATIONS
IS
SIGNIFICANT INCREASE IN ETHANOL SALES PRICES, ESPECIALLY IN LAST
TWO WEEKS
    * FULL YEAR EBITDA IS EXPECTED TO BE IN A RANGE OF EUR 135
TO EUR
170 MLN (PREVIOUSLY EXPECTED: EUR 105 TO EUR 135 MLN, PREVIOUS
YEAR: EUR 148 MLN)
    * FY OPERATING PROFIT IS EXPECTED TO BE SIGNIFICANTLY HIGHER
THAN
PREVIOUSLY EXPECTED AND IS NOW TO REACH EUR 95 TO EUR 125 MLN
(PREVIOUSLY EXPECTED: EUR 65 TO EUR 90 MLN, PREVIOUS YEAR: EUR
107 MLN) 

Source text for Eikon:  ID:nPex7khMya 
Further company coverage:  CE2G.DE 

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