CropEnergies AG revised earnings guidance for the financial year 2022-2023. For the year, the company expects operating profit to be in the range of EUR 215 million to EUR 265 million against previous guidance range of EUR 165 million to EUR 215 million. Revenues to be in the range of EUR 1.47 billion to EUR 1.57 billion against previous guidance range of EUR 1.45 billion to EUR 1.55 billion.

The ethanol prices which have been high since the beginning of the financial year as well as the recent drop of prices at the raw material markets are the main reasons for this improved earnings outlook. The outlook is based on the assumption of a continued normalised mobility behaviour.