BERLIN (dpa-AFX) - CropEnergies AG, affiliated to German sugar producer Suedzucker AG (SUEZF.PK), reported that its EBITDA for the second-quarter of 2017/18 rose to 33 million euros from 31 million euros in the previous year. Operating profit was 24 million euros up from 22 million euros last year.
Quarterly revenue grew to 229 million euros from 182 million euros last year.
CropEnergies raised its revenues forecast for the 2017/18 financial year to a range of 880 million euros - 920 million euros from the previous expectation of 850 million euros - 900 million euros.
Annual operating profit is now expected to be between 60 million euros and 90 million euros, compared to the previous expectation of 50 million euros - 90 million euros.
The company now expects annual EBITDA to be between 100 million euros and 130 million euros, compared to the prior outlook of 90 million euros - 130 million euros.
Copyright RTT News/dpa-AFX