In Brazil, Raizen Energia’s Q1 EBIDTA was hit hard by 19% lower ethanol sales on year and 2% lower ethanol prices that resulted in a 21% drop in its net revenue. The company saw its EBIDTA fall 36% on the year over all for the period. For 2016/17, ethanol prices were up 4% so even though volumes were about 1% lower, net revenue from ethanol for the crop year was 4% higher on the year.
Category: Fuels