CropEnergies AG / Dividend
17.05.2010 11:06
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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CropEnergies to pay a dividend of EUR 0.05 per share
Mannheim, 17 May 2010 - CropEnergies AG, Mannheim, continued to grow
profitably in the 2009/10 financial year (1 March 2009 - 28 February 2010)
and increased its revenues by 14 percent to EUR 374.1 (previous year:
328.4) million. The company was able to expand its position as one of the
leading bioethanol producers in Europe. Parallel with the growth in
revenues, EBITDA was up 16 percent to EUR 33.1 (previous year: 28.6)
million. Operating profit declined to EUR 11.9 (previous year: 18.2)
million owing to the start-up costs for the new bioethanol plant in Belgium
and a doubling of depreciation.
At its meeting on 17 May 2010, the supervisory board approved the executive
board's recommendation to pay a dividend for the 2009/10 financial year -
the first dividend since the company was established in 2006. The
supervisory board and the executive board will propose to the annual
general meeting on 15 July 2010 a total dividend of EUR 4.3 million, or EUR
0.05 per share.
The full annual report for 2009/10 will be published on the company's
website at www.cropenergies.com at 10.30 a.m. (CEST) on 18 May 2010.
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Information and Explaination of the Issuer to this News:
CropEnergies AG
CropEnergies - a member of the Südzucker Group - is a leading European
supplier of sustainably produced 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.
CropEnergies sees itself as a pioneer in the German bioethanol market and
is expanding its market position throughout Europe. With subsidiaries in
Germany, Belgium, and France, CropEnergies is one of the leading bioethanol
producers in the European growth market for renewable energies. The shares
of CropEnergies AG (ISIN DE000A0LAUP1) are listed in the Official Market
(Prime Standard) on 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
17.05.2010 11:06 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv at |[![CDATA[|[a href="http://www.dgap-medientreff.de"|]www.dgap-medientreff.de|[/a|]]]|] and |[![CDATA[|[a href="http://www.dgap.de"|]www.dgap.de|[/a|]]]|]
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Language: English
Company: 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, München, Hamburg, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: CropEnergies AG to pay a dividend of EUR 0.05 per share
| Source: EQS Group AG