Brief: Cropenergies Raises 2021/22 Outlook

CropEnergies AG

15/09/2021 11:04

Sept 15 (Reuters) - CROPENERGIES AG  CE2G.DE :
    * CROPENERGIES WITH BETTER OUTLOOK FOR FINANCIAL YEAR
2021/22
    * NOW EXPECTS REVENUES FOR FULL FINANCIAL YEAR IN A RANGE OF
EUR
970 TO EUR 1,010 (PREVIOUSLY EXPECTED: EUR 925 TO EUR 975)
MILLION
    * 21/22 OPERATING PROFIT IS EXPECTED TO REACH EUR 65 TO EUR
90
(PREVIOUSLY EXPECTED: EUR 50 TO EUR 80) MILLION, EBITDA BETWEEN
EUR 105 AND EUR 135 (PREVIOUSLY EXPECTED: EUR 90 TO EUR 125)
MILLION.
    * IN 2ND QUARTER OF CURRENT FINANCIAL YEAR 2021/22,
CROPENERGIES
ACHIEVED REVENUES THAT INCREASED TO EUR 249.2 (PREVIOUS YEAR:
EUR 228.5) MILLION
    * MAIN REASON FOR IMPROVED REVENUE AND EARNINGS EXPECTATION
IS
SIGNIFICANT INCREASE IN ETHANOL SALES PRICES
    * Q2 OPERATING PROFIT, HOWEVER, COULD NOT MATCH RECORD LEVEL
OF
PREVIOUS YEAR'S PERIOD AND REACHED EUR 23.3 (PREVIOUS YEAR: EUR
42.6) MILLION.

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

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