Ad-hoc | 24 September 2012 15:12
CropEnergies AG / Key word(s): Half Year Results/Change in Forecast
24.09.2012 15:12
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Mannheim, 24 September 2012 - CropEnergies AG, Mannheim, increased the
revenues by 16 percent to EUR 320 (previous year: 275) million in the 1st
half of the financial year 2012/13 compared to the previous year. The
operating profit increased by 28 percent to EUR 37 (previous year: 29)
million in the same period of time. This is the best half-year result
CropEnergies has achieved in the history of the company. The operating
margin improved to 11.6 (previous year: 10.5) percent.
The main reason for the gratifying result is the integrated production
concept. Bioethanol produced by CropEnergies saves large amounts of
greenhouse gases and at the same time the food sector is supplied with
high-quality vegetable proteins. With every tonne of bioethanol for the
fuel sector, CropEnergies produces one tonne of food and animal feed. The
contribution to revenues of these products and other high-quality products
was approx. EUR 100 million in the 1st half of the financial year 2012/13.
CropEnergies makes an important contribution to sustainably assuring
mobility. This includes the responsible use of agrarian raw materials,
among others industrial sugar which is not intended for human consumption.
CropEnergies expects the EU Commission to consider these advantages when
specifying its plans for the use of biofuels.
Due to the positive business development, CropEnergies expects revenues to
increase to EUR 610 to 630 (previous year: 572) million in the current
financial year 2012/13. The operating profit is expected to rise more than
proportionally to EUR 62 to 68 (previous year: 53) million.
The report for the 1st half of the financial year 2012/13 will be published
on 9 October 2012 and can be downloaded at www.cropenergies.com.
CropEnergies AG
Ensuring mobility in a climate friendly way - today and in the future - is
CropEnergies' business. Founded in Mannheim, Germany, in 2006, the young
and dynamically growing member of the Südzucker Group is one of the leading
European manufacturers of sustainably produced bioethanol for the fuel
sector today. With its three modern production facilities in Germany,
Belgium, and France as well as trading offices in the USA and Brazil,
CropEnergies produces approximately 700,000 cubic meters of bioethanol per
year. They mainly replace petrol and reduce CO2 emissions by up to 70
percent. With this, CropEnergies has established itself successfully as a
bioethanol pioneer in a major emerging market.
At the same time, CropEnergies is a major producer of food and animal feed
products. The raw materials which are used such as cereals and sugar beets
are completely utilized. As a result, 500,000 tonnes of high-quality
protein food and animal feed products are manufactured every year out of
the non-fermentable components of the raw materials.
Through advanced technology and innovation CropEnergies contributes to
ensure a sustainable mobility from renewable sources today and in the
future through its main product bioethanol: mobility - sustainable.
renewable.
The CropEnergies AG stock (ISIN DE000AOLAUP1) has been listed at the
regulated market (Prime Standard) at the Frankfurt Stock Exchange since
2006.
Contact:
Heike Baumbach
Investor Relations
Tel.: +49 (621) 71 41 90-30
Fax: +49 (621) 71 41 90-03
ir@cropenergies.de
Nadine Dejung
Public Relations / Marketing
Tel.: +49 (621) 71 41 90-65
Fax: +49 (621) 71 41 90-04
presse@cropenergies.de
24.09.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: CropEnergies AG
Gottlieb-Daimler-Str. 12
68165 Mannheim
Germany
Phone: +49 (0)621-71 41 90 00
Fax: +49 (0)621-71 41 90 04
E-mail: info@cropenergies.de
Internet: www.cropenergies.com
ISIN: DE000A0LAUP1
WKN: A0LAUP
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service
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