DGAP-News: CropEnergies with growing revenues and reduced earnings in financial year - Market position expanded - more than 1 million cubic meters of bioethanol

| Source: EQS Group AG
DGAP-News: CropEnergies AG / Key word(s): Final Results/Forecast
CropEnergies with growing revenues and reduced earnings in financial
year - Market position expanded - more than 1 million cubic meters of

13.05.2014 / 10:00


Mannheim, 13 May 2014 - CropEnergies AG, Mannheim, has continued its growth
course in the financial year 2013/14 (1 March 2013 - 28 February 2014) and
has increased revenues by 13 percent to EUR 781 (previous year: EUR 689)
million. This is mainly attributable to the acquisition of the British
bioethanol producer Ensus in July 2013. After last year's particularly
favorable spread between raw material and sales prices which enabled
CropEnergies to achieve record results, EBITDA decreased in the financial
year 2013/14 due to significantly lower bioethanol prices and higher raw
material cost. Including the initial losses incurred at Ensus, which mirror
the cost for the capacity expansion, EBITDA decreased by 43 percent to EUR
68 (previous year: EUR 119) million. With only a slight increase in
depreciation, this resulted in an operating profit of EUR 34.5 (previous
year: EUR 87.0) million which corresponds to an operating margin of 4.4
(previous year: 12.6) percent. Given the difficult market conditions the
executive board of CropEnergies is satisfied with the earnings situation in
the 2013/14 financial year.

The continuing discussion in Brussels is slowing down the growth of the
European bioethanol market at this point in time. The current uncertainty
makes many member states hesitate to increase the share of biofuels as
planned and e.g. to introduce E10 into the market. This means that the
potential to lower the consumption of fossil fuels and corresponding green
house gas emissions quickly and cost-efficiently is being squandered.

In the financial year 2013/14, CropEnergies increased bioethanol production
by 9 percent to 884,000 (previous year: 808,000) cubic meters. The
production of food and animal feed products has also increased
considerable. For the first time in the company's history, CropEnergies has
sold more than 1 million cubic meters of bioethanol. Sales increased by 20
percent to 1.012 million (previous year: 840,000) cubic meters of
bioethanol - this was in part due to the expansion of trading activities.

After interest, restructuring costs and taxes, net earnings for the year
decreased - compared to previous year's record level - to EUR 12 (previous
year: EUR 57) million, corresponding to earnings per share of EUR 0.14
(previous year: EUR 0.67). In its meeting on 12 May 2014, the supervisory
board accepted the proposal of the executive board to propose to the annual
general meeting the distribution of EUR 0.10 (previous year: EUR 0.20 plus
additional EUR 0.06) per share as dividend. This results in a total
dividend distribution of EUR 8.7 (previous year: EUR 22.1) million and a
strengthening of shareholder's equity to EUR 395 (previous year: EUR 390)

The high volatility of bioethanol prices makes an outlook for the financial
year 2014/15, which started on 1 March 2014, difficult. Due to the
expansion of the production capacities, revenues are expected to further
increase to EUR 850 to EUR 900 million. From today's point of view,
CropEnergies expects an EBITDA of EUR 10 to EUR 60 million. After
depreciation, this corresponds with an operating profit in the range of
minus 30 to plus 20 for the financial year 2014/15.

The full report for the financial year 2013/14 is available at

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.

The CropEnergies AG stock (ISIN DE000AOLAUP1) has been listed at the
regulated market (Prime Standard) at the Frankfurt Stock Exchange since

Investor Relations
Tel.: +49 (621) 71 41 90-30
Fax: +49 (621) 71 41 90-03

Public Relations / Marketing
Nadine Dejung
Tel.: +49 (621) 71 41 90-65
Fax: +49 (621) 71 41 90-04

End of Corporate News


13.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a
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Language:    English                                               
Company:     CropEnergies AG                                       
             Gottlieb-Daimler-Str. 12                              
             68165 Mannheim                                        
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,  
End of News    DGAP News-Service  
268035 13.05.2014