DGAP-Adhoc
587
0 Kommentare
CropEnergies raises outlook for 2015/16 after good start into financial
587 
0 KommentareCropEnergies AG / Key word(s): Change in Forecast/Quarter Results
17.06.2015 08:36
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, 17 June 2015 - In the 1st quarter of the current financial year
2015/16 (1 March - 31 May 2015), CropEnergies AG, Mannheim, has maintained
revenues slightly below the previous year's level as expected according to
preliminary figures. They reached approximately EUR 198 (previous year:
208) million. At the same time, operating profit increased significantly to
approximately EUR 14 (previous year: 5) million.
The main reason for the increase in earnings was the encouraging
improvement of bioethanol prices in Europe, lower raw material prices as
well as improvements in the cost structure especially due to the pause in
production of the plant in Wilton, UK. Outside of the operating profit,
restructuring costs of EUR 5 (previous year: 0) million were incurred.
Thus, the EBIT increased to EUR 9 (previous year: 5) million.
The good start into the financial year prompts CropEnergies to adjust the
outlook for the full financial year 2015/15. Operating profit (before
restructuring costs and special items) is now expected to be in the range
of EUR 10 to EUR 40 (previous year: EUR -11) million and thus positive for
the full financial year 2015/16. At the same time, the reduction in
revenues following the pause in production in the British plant is expected
to be less pronounced. CropEnergies expects revenues in the range of EUR
675 to EUR 725 (previous year: EUR 827) million.
The full report for the 1st quarter 2015/16 will be published on 8 July
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
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
17.06.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
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
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
2015/16 (1 March - 31 May 2015), CropEnergies AG, Mannheim, has maintained
revenues slightly below the previous year's level as expected according to
preliminary figures. They reached approximately EUR 198 (previous year:
208) million. At the same time, operating profit increased significantly to
approximately EUR 14 (previous year: 5) million.
The main reason for the increase in earnings was the encouraging
improvement of bioethanol prices in Europe, lower raw material prices as
well as improvements in the cost structure especially due to the pause in
production of the plant in Wilton, UK. Outside of the operating profit,
restructuring costs of EUR 5 (previous year: 0) million were incurred.
Thus, the EBIT increased to EUR 9 (previous year: 5) million.
The good start into the financial year prompts CropEnergies to adjust the
outlook for the full financial year 2015/15. Operating profit (before
restructuring costs and special items) is now expected to be in the range
of EUR 10 to EUR 40 (previous year: EUR -11) million and thus positive for
the full financial year 2015/16. At the same time, the reduction in
revenues following the pause in production in the British plant is expected
to be less pronounced. CropEnergies expects revenues in the range of EUR
675 to EUR 725 (previous year: EUR 827) million.
The full report for the 1st quarter 2015/16 will be published on 8 July
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
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
17.06.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
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
End of Announcement DGAP News-Service
---------------------------------------------------------------------------
Diskutieren Sie über die enthaltenen Werte
Aktuelle Themen
Weitere Artikel des Autors
Verfasst von EQS Group AG
URL kopieren
Per E-Mail teilen
Artikel drucken1 im Artikel enthaltener WertIm Artikel enthaltene Werte
Auch bei Lesern beliebt
