CropEnergies AG / Quarter Results
14.01.2008
Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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CropEnergies increases revenues and earnings
Mannheim, 14 January 2008 - CropEnergies AG, Mannheim, one of Europes
leading producers of bioethanol, has further improved revenues and earnings
in the first nine months of the current financial year (1 March 2007 to 30
November 2007).
Revenues have increased by 28% to 125.7 (previous year: 98.2) million;
the operating profit rose by 34% to 17.4 ( 12.9) million. This
corresponds to an operating margin of 13.8% (13.1%). After deducting the
preparatory costs of 3.1 (1.5) million for the plant in Wanze (Belgium)
income from operations came to 14.3 (11.4) million. Net earnings for the
first nine months rose by 160% from 6.3 million to 16.4 million. The
revenue growth resulted from an increase in bioethanol sales due to higher
bioethanol production, as well as higher average selling prices for
bioethanol and the animal feed ProtiGrain®.
CropEnergies will show a positive result in the fourth quarter 2007/08 as
well. Due to the hedging of the grain quantities necessary for production
as well as the timely expansion of the raw material basis by sugar syrups,
the negative influence of the currently high grain prices was limited. For
the full 2007/08 financial year, CropEnergies expects to significantly
increase revenues compared to the previous year to more than 175 (
146.8) million. Despite the price rise on the grain markets operating
profit will be in line with the previous years gratifying figure of 21.0
million.
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 todays 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 29 September 2006, CropEnergies AG (ISIN DE000A0LAUP1) has been
listed in the Prime Standard at the Frankfurt Stock Exchange.
Contact:
Tobias Erfurth
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
DGAP 14.01.2008
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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
Internet: www.cropenergies.de
ISIN: DE000A0LAUP1
WKN: A0LAUP
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of News DGAP News-Service
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DGAP-News: CropEnergies increases revenues and earnings
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