Bioethanol producer Cropenergies once more increases outlook for financial year 2015/16
Mannheim, Germany - As expected, the revenues of the German bioethanol producer Cropenergies AG have decreased slightly to EUR 390 (previous year: EUR 405) million in the 1st half of the financial year 2015/16 (1 March - 31 August 2015).
Following improved price levels in the European bioethanol market, CropEnergies noticeably increases its outlook for the full financial year 2015/16 once more and now expects an operating profit (before restructuring costs and special items) in the range of EUR 50 to EUR 70 (previous year: EUR-11 million. Revenues are expected to decrease compared to the previous year, reaching between EUR 700 and EUR 750 (previous year: EUR 827) million. The full report for the 1st half 2015/16 will be published on 8 October 2015.
Source: IWR Online, 22 Sep 2015