Brief: Cropenergies Doubles Dividend, Sees Decline In Revenues And Operating Profit In 2020/2021

CropEnergies AG

21/04/2020 15:17

April 21 (Reuters) - CropEnergies AG  CE2G.DE :
    * DOUBLES DIVIDEND AFTER RECORD RESULTS - CORONA CRISIS
WEIGHS ON
SHORT-TERM FORECAST
    * HAS ACHIEVED RECORD REVENUES OF EUR 899 (PREVIOUS YEAR:
EUR 779)
MILLION IN 2019/20 FINANCIAL YEAR
    * FY OPERATING PROFIT OF EUR 104 (PREVIOUS YEAR: EUR 33)
MILLION
IS ALSO HIGHEST IN COMPANY'S HISTORY
    * FY EBITDA REACHED EUR 146 (PREVIOUS YEAR: EUR 72) MILLION.
    * TO PROPOSE A DIVIDEND OF EUR 0.30 (PREVIOUS YEAR: EUR
0.15)
    * ANNUAL GENERAL MEETING IS SCHEDULED TO TAKE PLACE IN
VIRTUAL
FORM ON 14 JULY 2020.
    * FOR 1^ST QUARTER, ONLY AN APPROXIMATELY BALANCED OPERATING
RESULT IS THEREFORE CURRENTLY EXPECTED
    * EXPECTS AN IMPROVEMENT IN COURSE OF FINANCIAL YEAR
    * COMPARED TO PREVIOUS RECORD YEAR A SIGNIFICANT DECLINE IN
REVENUES AND OPERATING PROFIT IS EXPECTED FOR CURRENT FINANCIAL
YEAR.

Source text for Eikon:  ID:nEQ8s81tka 
Further company coverage:  CE2G.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))