BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - CropEnergies AG reported second-quarter operating profit of 9.6 million euros compared to 23.7 million euros, prior year. EBITDA was 19.4 million euros compared to 33.4 million euros. Revenues in the second quarter 2018/19 were 200.8 million euros compared to 228.7 million euros, previous year.
CropEnergies confirmed its previous forecast. For the 2018/19 financial year as a whole, revenues of 810 million to 860 million euros and operating profit of 25 million to 55 million euros are expected. This is equivalent to an EBITDA of between 65 million and 95 million euros.
CropEnergies expects the market for renewable fuels to be strengthened as a result of the stricter CO2 limits for fuels in Germany from 2020.
Copyright RTT News/dpa-AFX