DGAP-Adhoc

CropEnergies expects difficult financial year 2015/16

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

10.04.2015 08:41

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.

---------------------------------------------------------------------------

Mannheim, 10 April 2015 - The revenues of CropEnergies AG, Mannheim,
increased to EUR 827 million (previous year: EUR 781 million) in the
financial year 2014/15 (1 March 2014 to 28 February 2015). As expected,
operating profit fell significantly and reached EUR -11 million (previous
year: EUR 35 million). The temporary standstill of the production site in
Wilton, UK, which was announced in February 2014, led to restructuring
costs and special items of EUR -28 million. In addition to this, there will
be one-time costs of EUR 9 million from the depreciation of deferred tax
assets. The result after taxes for the full financial year 2014/15 will
therefore be negative.

In the context of quarterly reporting, CropEnergies had already drawn
attention to the anticipated difficult market conditions in the 1st half of
the financial year 2015/16. Even though the ethanol prices in the EU have
increased in the last few weeks, there are still doubts about the
sustainability of the current price level. Against this background,
CropEnergies expects an operating profit in the range of EUR minus 20 to
EUR plus 10 million for the financial year 2015/16. In addition, there will
be extraordinary expenses of up to EUR 15 million annually during the
standstill of the bioethanol plant in Wilton.

CropEnergies continues to assume that the decision of the EU expected for
April 2015 will lead to positive impulses for the European bioethanol
market in the mid term through an increase of blending quotas and the
introduction of E10 in additional member states. This should lead to an
improvement in the revenues and earnings situation of bioethanol producers
in Europe.

The full annual report for the financial year 2014/15 with additional
information about the forecast for the financial year 2015/16 will be
published on 19 May 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