Brief: Cropenergies Expects Significant Reduction In Q2 Results

CropEnergies AG

12/07/2023 14:59

July 12 (Reuters) - CropEnergies AG  CE2G.DE :
    * EXPECTS SIGNIFICANT REDUCTION IN RESULTS IN 2ND QUARTER
    * EXPECTS A SIGNIFICANT REDUCTION IN REVENUES, EBITDA AND
OPERATING PROFIT
    * CONFIRMS ITS OUTLOOK AND EXPECTS REVENUES OF EUR 1.27 TO
1.37
(PREVIOUS YEAR: EUR 1.49) BILLION FOR 2023/24 FINANCIAL YEAR
    * OPERATING RESULT IS EXPECTED TO BE EUR 95 TO EUR 145
(PREVIOUS
YEAR: EUR 251) MILLION
    * THIS CORRESPONDS TO AN EBITDA OF EUR 140 TO EUR 190
(PREVIOUS
YEAR: EUR 294) MILLION
    * MAIN REASONS FOR EXPECTED REDUCTION IN RESULTS ARE
NORMALISED
PRICES FOR SUSTAINABLY PRODUCED ETHANOL AS WELL AS LOWER
PRODUCTION AND SALES VOLUMES DUE TO PLANNED MAINTENANCE
SHUT-DOWNS

Source text for Eikon:  ID:nPexy1Fgga 
Further company coverage:  CE2G.DE 

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