DGAP-Adhoc: CropEnergies confirms outlook for financial year 2014/15


CropEnergies AG  / Key word(s): Development of Sales/Forecast

19.12.2014 08:30

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Mannheim, 19 December 2014 - CropEnergies AG, Mannheim, has increased its
revenues by almost 10 percent in the first three quarters of the financial
year 2014/15 to EUR 626 (previous year: 573) million. Aside from the
increase in production volumes, the growth was mainly due to the expansion
of trading.

The decrease of the EBITDA to EUR 21 (previous year: 62) million is in line
with the expectations already communicated. After depreciation, this
resulted in an operating loss of EUR -6 (previous year: 38) million. The
main reason for the significant reduction in earnings was the slump in
bioethanol prices in Europe compared to the previous year. Prices fell from
EUR 515 per cubic meter at the end of November 2013 to a low of EUR 434 per
cubic meter on 22 July 2014 and reached EUR 447 Euro per cubic meter at the
end of November 2014. Decreased proceeds for food and animal feed products
also contributed to the reduction of earnings. Even though the raw material
cost decreased compared to the previous year, this could only partially
offset the significant drop in sales prices.

CropEnergies confirms the outlook for the financial year 2014/15 and
continues to expect a growth in revenues by 5 to 10 percent to EUR 820 to
EUR 860 (previous year: 781) million. EBITDA is expected to range between
EUR 20 and EUR 40 (previous year: EUR 68) million. Owing to the continuing
uncertainty regarding price and market developments, CropEnergies expects
to achieve an operating profit ranging between EUR 0 and minus EUR 20
million. For the 1st half of the financial year 2015/16, CropEnergies
expects the difficult market conditions to continue since the decision
about the use of biofuels until 2020 and beyond on an EU level is not
expected until April 2015. CropEnergies anticipates this decision to give a
new stimulus to the industry.

The full report for the first three quarters of the financial year 2014/15
will be published on 12 January 2015.
 

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.

In addition to the efficient production of bioethanol, CropEnergies is
mainly characterized by the innovative co-product concept: 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 


19.12.2014 The DGAP 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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