DGAP-News: CropEnergies achieves record results in the 2011/12 financial year and expects further growth in revenues for 2012/13 - Higher dividend after successful 2011/12 business year
(firmenpresse) - DGAP-News: CropEnergies AG / Key word(s): Final Results/Dividend
CropEnergies achieves record results in the 2011/12 financial year and
expects further growth in revenues for 2012/13 - Higher dividend after
successful 2011/12 business year
08.05.2012 / 10:00
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Mannheim, 8 May 2012 - CropEnergies AG, Mannheim, achieved record levels of
production, revenues, and operating profit in the 2011/12 financial year.
Revenues were up 21 percent to EUR 572.1 (previous year: 472.8) million.
EBITDA also reached a new record level of EUR 84.3 (previous year: 76.3)
million, and operating profit improved by 15 percent to EUR 53.0 (previous
year: 45.9) million. Net financial debt was reduced appreciably as of 29
February 2012 to EUR 158.4 (previous year: 195.0) million. The growth in
revenues and earnings was mainly driven by higher average selling prices for
bioethanol as well as higher production and sales volumes, and better
selling prices, of the protein food and animal feed products.
CropEnergies increased the volume of bioethanol produced in the 2011/12
financial year slightly to 692,000 (previous year: 687,000) cubic metres due
to higher capacity utilisation in the 2nd half of 2011/12. The volume of
dried food and animal feed products rose more than proportionally by 8.0
percent to 328,000 (previous year: 303,000) tonnes.
At its meeting on 7 May 2012 the supervisory board followed the executive
board's recommendation to propose to the Annual General Meeting on 17 July
2012 an increased dividend of EUR 0.18 (previous year: 0.15) per share owing
to the improved earnings situation. This represents a total dividend payout
of EUR 15.3 (previous year: 12.8) million.
CropEnergies expects continued growth in the 2012/13 financial year, with
revenues rising to over EUR 600 million. While average selling prices for
bioethanol will still remain impaired by subsidised imports from the USA in
the first months of the financial year, CropEnergies expects bioethanol
prices to pick up in the further course of the year. Assuming that raw
material prices remain stable at the present level, after a modest start
operating profit should reach over EUR 50 million again, and thus
approximate the record result for the 2011/12 financial year.
The full annual report for 2011/12 can be downloaded from the company's
website at www.cropenergies.com.
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 ascereals 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
futurthrough 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(at)cropenergies.de
Nadine Dejung
Public Relations / Marketing
Tel.: +49 (621) 71 41 90-65
Fax: +49 (621) 71 41 90-04
presse(at)cropenergies.de
End of Corporate News
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08.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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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(at)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 News DGAP News-Service
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168539 08.05.2012
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Datum: 08.05.2012 - 10:00 Uhr
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