CropEnergies AG / Key word(s): Quarter Results/Change in Forecast
17.12.2012 11:57
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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Mannheim, 17 December 2012 - In the first nine months of the current
financial year 2012/13 (1 March - 30 November 2012), CropEnergies AG,
Mannheim, continued its road to success and increased the revenues by 20
percent to EUR 510 (previous year: 426) million. The significantly higher
production and sales volumes of bioethanol have contributed to this. The
operating profit reached EUR 70 (previous year: 43) million. The 3rd
quarter alone contributed EUR 33 (previous year: 14) million to this
result. The main reason for the growth in earnings were the contributions
in operating income from the increase in production and sales volumes, the
foresighted hedging of raw materials as well as the increased prices for
food and animal feed products.
Due to the good development of the business, CropEnergies again increases
its forecast for revenues and profit for the full financial year 2012/13
and expects a rise in revenues to more than EUR 670 (previous year: 572)
million. The operating profit is expected to improve more than
proportionally to more than EUR 80 (previous year: 53) million.
The report for the first nine months of the financial year 2012/13 will be
published on 9 January 2013 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
17.12.2012 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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DGAP-Adhoc: CropEnergies again increases forecast for current financial year - Operating profit more than doubled in 3rd quarter
| Source: EQS Group AG