CropEnergies presents nine-month figures – lower forecast confirmed

CropEnergies presented figures for the first nine months of the 2020/2021 financial year on Wednesday. A drop in sales from 688 million euros to 625 million euros is reported, which the company attributes to lower sales volumes and lower revenues for the food and feed sold. In the third quarter, sales increased from EUR 220 million in the previous year to EUR 226 million.

“Thanks to higher ethanol sales and lower raw material prices than in the previous year, EBITDA rose in the first three quarters despite the reduced business volume,” continues CropEnergies. The company puts EBITDA at 109 million euros compared to 102 million euros previously. Operationally, profit increased from 70 million euros to 79 million euros.

The forecast, which was lowered in mid-December 2020, is confirmed. According to the new estimate, CropEnergies expects sales between EUR 825 million and EUR 855 million. Operationally one wants to achieve 95 million euros to 110 million euros profit and the EBITDA should be 135 million euros to 150 million euros. Previously, the company expected sales between EUR 850 million and EUR 900 million, EBITDA between EUR 150 million and EUR 180 million and an operating profit between EUR 110 million and EUR 140 million.

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