DGAP-News: CropEnergies AG / Key word(s): AGM/EGM/Dividend
CropEnergies increases dividend and confirms forecast
17.07.2012 / 16:04
---------------------------------------------------------------------
Mannheim, 17 July 2012 - At the annual general meeting of CropEnergies AG,
Mannheim, on 17 July 2012, shareholders approved by a large majority the
proposal of the supervisory board and the executive board to increase the
dividend by 20 percent to EUR 0.18 (previous year: EUR 0.15) per share. All
other agenda items were also adopted by a clear majority of more than 99
percent. Around 850 shareholders and guests attended the annual general
meeting in the Rosengarten in Mannheim. Overall, 83.2 percent of the share
capital was represented.
CropEnergies also confirmed the outlook for the 2012/13 financial year. The
company continues to expect revenues in the full 2012/13 financial year to
grow to more than EUR 600 million and operating profit, despite higher raw
material costs, to reach more than EUR 50 million, which will put it close
to the previous year's record result.
Shareholders at the annual general meeting were particularly interested in
CropEnergies' strategic orientation and growth, its integrated concept for
producing food and animal feed products from bioethanol production, the
outlook for the current financial year and developments on the bioethanol
market.
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
End of Corporate News
---------------------------------------------------------------------
17.07.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
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 News DGAP News-Service
---------------------------------------------------------------------
178203 17.07.2012
DGAP-News: CropEnergies increases dividend and confirms forecast
| Source: EQS Group AG