Brief: Cropenergies Again Raises FY Earnings Forecast

CropEnergies AG

25/10/2019 11:15

Oct 25 (Reuters) - CROPENERGIES AG  CE2G.DE :
    * CROPENERGIES AGAIN INCREASES EARNINGS FORECAST FOR
FINANCIAL
YEAR 2019/20
    * FY REVENUES ARE NOW EXPECTED TO LIE IN A RANGE OF EUR 840
AND
EUR 870 (PREVIOUSLY EXPECTED: EUR 820 TO EUR 860) MILLION
    * SEES FY EBITDA OF EUR 110 TO EUR 135 (PREVIOUSLY EXPECTED:
EUR
90 TO EUR 120) MILLION.
    * FY OPERATING RESULT IS EXPECTED TO INCREASE TO EUR 70 TO
EUR 90
(PREVIOUSLY EXPECTED: EUR 50 TO EUR 75) MILLION
    * MAIN REASON FOR IMPROVEMENT ARE SIGNIFICANTLY HIGHER SALES
PRICES FOR RENEWABLE ETHANOL
    * EXPECTS SIGNIFICANTLY HIGHER EARNINGS ALSO FOR 3^RD
QUARTER
2019/20

Source text for Eikon:  ID:nEQ1ZW757a 
Further company coverage:  CE2G.DE 

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