Ad-hoc | 23 September 2013 15:02
CropEnergies AG / Key word(s): Development of Sales/Half Year Results
23.09.2013 15:02
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.
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Mannheim, 23 September 2013 - In the 1st half of the financial year 2013/14
(1 March 2013 - 31 August 2013), CropEnergies AG, Mannheim, increased
revenues by 16 percent compared to the previous year to EUR 372 (previous
year: 320) million. An important factor for the growth in revenues was the
higher sales volume of bioethanol especially due to the increase in trading
volumes. In addition, higher earnings for bioethanol and high protein food
and animal feed products accounted for the growth.
As expected, EBITDA was lower than in the previous year due to higher raw
material costs. With EUR 42 (previous year: 53) million the decrease
amounted to 21 percent. In the same period of the previous year, the early
and cost-efficient hedging of raw materials stood against increasing
revenues for food and animal feed products. Including the one-time costs
for flooding damages in Zeitz and the additional maintenance work the
operating profit decreased by 30 percent to EUR 26 (previous year: 37)
million.
CropEnergies confirms the growth target for revenues of 10 to 20 percent
for the full financial year 2013/14. This is mainly due to the acquisition
of Ensus Limited, UK, and the thus increasing production and sales volumes.
Currently, final cleaning and optimisation works are being carried out in
order to commission the plant in Wilton. For the full financial year
2013/14 CropEnergies unchangingly expects an operating profit between EUR
40 and 50 (previous year: 87) million.
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 production capacities of 1.2 million cubic meters of
bioethanol per year, CropEnergies produces bioethanol which predominantly
replaces petrol in four modern production facilities in Germany, Belgium,
the UK, and France. The highly efficient production facilities reduce CO2
emissions by up to 70 percent across the whole value-added chain compared
to fossil fuel. With the production sites, the unique logistics network in
Europe as well as trading offices in the USA and Brazil, CropEnergies is
one of the leading companies in a major emerging market.
At the same time, CropEnergies is an important 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, more than 1 million 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:
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
23.09.2013 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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