CropEnergies AG / Key word(s): Quarter Results
23.06.2014 13:20
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Mannheim, 23 June 2014 - In the 1st quarter of the financial year 2014/15
(1 March 2014 - 31 May 2014), CropEnergies AG, Mannheim, increased revenues
by 11 percent to EUR 208 (previous year: EUR 186) million compared to the
1st quarter of the previous year. The growth in revenues is the result of
the increase in production and sales of bioethanol as well as of
protein-rich food and animal feed products.
The EBITDA, however, decreased in the 1st quarter 2014/15 as expected, due
to bioethanol prices which were lower than in the previous year. At EUR
13.5 (previous year: EUR 23.5) million, it was 43 percent below the
previous year's level. Accordingly, operating profit sank by EUR 11.1
million to EUR 4.5 (previous year: EUR 15.6) million.
Compared to the 4th quarter of the previous financial year 2013/14, the
company's performance has improved. While revenues remain the same, EBITDA
doubled to EUR 13.5 (4th quarter 2013/14: EUR 6.5) million and operating
profit reached EUR 4.5 (4th quarter 2013/14: EUR -2.6) million.
For the financial year 2014/15, CropEnergies confirms a targeted growth in
revenues to EUR 850 to EUR 900 (previous year: EUR 781) million and an
EBITDA of EUR 10 to EUR 60 (previous year: EUR 68) million. Due to
continuing uncertainties about the development of bioethanol prices,
CropEnergies further expects an operating profit in the range of minus EUR
30 to plus EUR 20 million.
The interim report for the 1st quarter 2014/15 will be published on 8 July
2014.
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.
renewable.
The CropEnergies AG stock (ISIN DE000AOLAUP1) has been listed at the
regulated market (Prime Standard) at the Frankfurt Stock Exchange since
2006.
Contact:
Investor Relations
Tel.: +49 (621) 71 41 90-30
Fax: +49 (621) 71 41 90-03
ir@cropenergies.de
Public Relations / Marketing
Nadine Dejung
Tel.: +49 (621) 71 41 90-65
Fax: +49 (621) 71 41 90-04
presse@cropenergies.de
23.06.2014 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 starts into financial year 2014/15 as planned - Growth in revenues and decrease in profits in 1st quarter 2014/15 in line
| Source: EQS Group AG