DGAP-News: CropEnergies with successful 1st quarter 2015/16


DGAP-News: CropEnergies AG / Key word(s): Quarter Results
CropEnergies with successful 1st quarter 2015/16

08.07.2015 / 07:00

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Mannheim, 8 July 2015 - CropEnergies AG, Mannheim, was able to
significantly improve its earnings situation in the 1st quarter of the
financial year 2015/16 (1 March - 31 May 2015). Even though revenues
decreased slightly to EUR 198 (previous year: EUR 208) million, EBITDA
increased significantly to EUR 22 (previous year: EUR 13) million.
Operating profit rose to approximately EUR 14 (previous year: EUR 5)
million. This corresponds to an operating margin of 7 (previous year: 2)
percent.

The main reasons for this encouraging development are the higher bioethanol
prices in Europe, lower raw material prices and a cost structure which has
improved due to the production pause of the bioethanol plant at Wilton, UK.
As a result of the temporary production pause of the plant, bioethanol
production in the 1st quarter 2015/16 decreased to 205,000 (previous year:
262,000) cubic meters and restructuring costs and special items of EUR 5
(previous year: EUR 0) million were incurred during the reporting period.
Income from operations, as the sum of operating profit, earnings from
entities consolidated at equity and restructuring costs and special items,
nearly doubled to EUR 9 (previous year: EUR 4) million.

For the full financial year 2015/16, CropEnergies expects a reduction of
revenues in the range of EUR 675 to EUR 725 (previous year: EUR 827)
million. Operating profit (before restructuring costs and special items) is
expected to range between EUR 10 and EUR 40 (previous year: EUR -11)
million.

The report for the 1st quarter 2015/16 is available on the CropEnergies
website.

 

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:

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 



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Language:    English                                                    
Company:     CropEnergies AG                                            
             Maximilianstr. 10                                          
             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:      Regulated Market in Frankfurt (Prime Standard); Regulated  
             Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,  
             Stuttgart                                                  
 
 
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