Brief: CropenErgies Expects Significant Increase In Earnings In Q2 2022/23

CropEnergies AG

13/07/2022 10:39

July 13 (Reuters) - CropEnergies AG  CE2G.DE :
    * CROPENERGIES EXPECTS SIGNIFICANT INCREASE IN EARNINGS IN
2ND
QUARTER 2022/23
    * CROPENERGIES AG, MANNHEIM, EXPECTS A SIGNIFICANT INCREASE
IN
REVENUES, EBITDA AND OPERATING PROFIT FOR RUNNING 2ND QUARTER OF
2022/23 FINANCIAL YEAR (1 JUNE TO 31 AUGUST 2022)
    * IN SAME QUARTER OF PREVIOUS YEAR, CROPENERGIES HAD
GENERATED
REVENUES OF EUR 249 MILLION, AN EBITDA OF EUR 33.7 MILLION AND
AN OPERATING RESULT OF EUR 23.3 MILLION.
    * CROPENERGIES CONFIRMS ITS OUTLOOK FOR FULL 2022/23
FINANCIAL
YEAR WHICH HAD BEEN INCREASED ON 15 JUNE 2022
    * OUTLOOK IS BASED ON ASSUMPTION OF A NORMALIZATION OF
MOBILITY
BEHAVIOR
    * IMPACT OF UKRAINE WAR, HOWEVER, CONTINUES TO REMAIN
DIFFICULT TO
ASSESS
    * REVENUES ARE EXPECTED BETWEEN EUR 1.45 AND EUR 1.55
BILLION
(PREVIOUS YEAR: EUR 1.08 BILLION)
    * EXPECTED OPERATING PROFIT OF EUR 165 TO EUR 215 MILLION
(PREVIOUS YEAR: EUR 127 MILLION)

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

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