DGAP-Adhoc: CropEnergies again increases forecast for the current financial year - Profitable growth path continued in 3rd quarter

CropEnergies AG  / Key word(s): Change in Forecast/Preliminary Results

17.12.2010 08:28

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 2010 - CropEnergies AG, Mannheim, has continued its
road to success in the first nine months of the current financial year
2010/11 (1 March - 30 November 2010) and has significantly increased its
revenues by 24 percent compared to the previous year to EUR 349 (previous
year: EUR 280) million. Operating profit rose to EUR 32 (previous year: EUR
4) million. The main reason for the growth in revenues and profit is the
increased production of bioethanol and the high-quality protein food and
animal feed of the plant in Wanze, Belgium, which led to increased revenues
in the 3rd quarter as well.

Due to the good development of the business in the first nine months,
CropEnergies once again increases its forecast for revenues and profit for
the full financial year 2010/11. Revenues are now expected to climb by
approx. 20 percent to more than EUR 440 (previous year: 374) million. At
the same time, operating profit is expected to more than triple compared to
the previous year to over EUR 40 (previous year: 12) million.

The full report for the first nine months of the financial year 2010/11
will be published on 11 January 2011.


Contact:
Heike Bosserhoff
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 




17.12.2010 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
              Deutschland
Phone:        +49 (0)621-71 41 90 00
Fax:          +49 (0)621-71 41 90 04
E-mail:       info@cropenergies.de
Internet:     www.cropenergies.de
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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