Corporate | 11 January 2007 08:00
CropEnergies AG / Quarter Results
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CropEnergies AG significantly improves revenues and earnings
Mannheim, 11 January 2007 – In the first nine months of the current
financial year (1 March to 30 November 2006) CropEnergies AG, Mannheim,
achieved revenues of € 98.2 million, which is almost treble the figure for
the same period of the previous year (€ 33.0 million). Operating profit saw
a further improvement in the third quarter of the financial year. For the
first nine months of the financial year it totalled € 13.0 million
(previous year: € -17.4 million).
For the full financial year bioethanol production and revenues will be more
than double previous year´s level and will reach around 220,000 m³ and more
than € 135 million respectively, thanks to the stable and high level of
capacity utilisation at the production plants. CropEnergies now expects an
operating margin exceeding 13% for the full 2006/07 financial year.
About CropEnergies
The CropEnergies-Group – a member of the Südzucker-Group – is an
established and according to the production capacity a leading European
producer of bioethanol for the fuel sector.
'Crop' stands for 'creative regeneration of power'. Energy in the form of
bioethanol is produced from renewable resources – grain and sugar beets.
With subsidiaries in Germany, France, and Belgium, the CropEnergies-Group
has – in just a few years – established itself as a bioethanol producer in
a growing market and operates today’s largest bioethanol plant in Europe in
Zeitz, Saxony-Anhalt, Germany. CropEnergies considers itself a pioneer on
the German bioethanol market and will expand its market position in Europe.
Since September 29, 2006, CropEnergies AG (ISIN DE000A0LAUP1) has been
listed in the Prime Standard at the Frankfurt Stock Exchange.
Contact
Nadine Dejung
Public Relations / Marketing
Phone.: +49 (0)621 71 41 90-65
Fax: +49 (0)621 71 41 90-04
presse@cropenergies.de
Tobias Erfurth
Investor Relations
Phone.: +49 (0)621 71 41 90-30
Fax: +49 (0)621 71 41 90-03
ir@cropenergies.de
DGAP 11.01.2007
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Language: English
Issuer: CropEnergies AG
Gottlieb-Daimler-Str. 12
68165 Mannheim Deutschland
Phone: +49 (0)621-71 41 90 00
Fax: +49 (0)621-71 41 90 04
E-mail: info@cropenergies.de
WWW: www.cropenergies.de
ISIN: DE000A0LAUP1
WKN: A0LAUP
Indices:
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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