DGAP-News: CropEnergies continues growth of revenues and earnings in 1st half of 2012/13
(firmenpresse) - DGAP-News: CropEnergies AG / Key word(s): Half Year Results
CropEnergies continues growth of revenues and earnings in 1st half of
2012/13
09.10.2012 / 07:00
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Mannheim, 9 October 2012 - The group revenues of CropEnergies AG, Mannheim,
have reached a new record level in the 1st half of the financial year
2012/13 (1 March 2012 to 31 August 2012) with an increase of 16 percent to
EUR 319.9 (previous year: 275.2) million. The EBITDA grew by 19 percent to
EUR 53.2 (previous year: 44.5) million. This is equivalent to a margin of
16.6 (previous year: 16.2) percent. The operating profit improved more than
proportionally by 28 percent to 37.2 (previous year: 29.0) million and
reached an operating margin of 11.6 (previous year: 10.5) percent. Since 29
February 2012, CropEnergies has reduced the net financial debt by EUR 37.3
million to EUR 121.1 million in spite of the dividend payout in July 2012.
The main reason for the gratifying result is the integrated production
concept. With every tonne of bioethanol for the fuel sector, CropEnergies
produces one tonne of food and animal feed. CropEnergies not only produces
bioethanol, a renewable fuel which saves large amounts of greenhouse gases,
but supplies the food sector with high-quality vegetable proteins at the
same time. The contribution to revenues of these products and other
high-quality products was approx. EUR 100 million in the 1st half of the
financial year 2012/13. Due to the increased bioethanol production in the
1st half of 2012/13, the thus increased sales and higher sales revenues for
bioethanol, CropEnergies' revenues and profits grew further.
In the 1st half of the current financial year 2012/13, CropEnergies
produced 380,000 (previous year: 306,000) cubic meters of bioethanol, which
represents an increase of 24 percent. Capacity utilisation was increased in
the course of optimisations which were successfully carried out. In
addition to this, CropEnergies raised the amount of sugar syrups from
industrial beets that were used.
For the financial year 2012/13 CropEnergies expects a continuation of the
company's profitable growth. Due to the good progress of the 1st half of
the financial year 2012/13, the increased capacity utilisation as well as
the high contribution to revenues from the food and animal feed products,
CropEnergies expects revenues to grow to EUR 610 to 630 (previous year:
572) million in the financial year 2012/13. At the same time, operating
profit is expected to improve to EUR 62 to 68 (previous year: 53) million.
The full report for the 1st half of 2012/13 can be downloaded 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.
Atthe same time, CropEnergies is a major 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, 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(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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09.10.2012 Dissemination of a Corporate News, transmitted by DGAP - a
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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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188060 09.10.2012
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