DGAP-News

CropEnergies with successful 1st quarter 2015/16

DGAP-News: CropEnergies AG / Key word(s): Quarter Results
CropEnergies with successful 1st quarter 2015/16

08.07.2015 / 07:00

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Mannheim, 8 July 2015 - CropEnergies AG, Mannheim, was able to
significantly improve its earnings situation in the 1st quarter of the
financial year 2015/16 (1 March - 31 May 2015). Even though revenues
decreased slightly to EUR 198 (previous year: EUR 208) million, EBITDA
increased significantly to EUR 22 (previous year: EUR 13) million.
Operating profit rose to approximately EUR 14 (previous year: EUR 5)
million. This corresponds to an operating margin of 7 (previous year: 2)
percent.

The main reasons for this encouraging development are the higher bioethanol
prices in Europe, lower raw material prices and a cost structure which has
improved due to the production pause of the bioethanol plant at Wilton, UK.
As a result of the temporary production pause of the plant, bioethanol
production in the 1st quarter 2015/16 decreased to 205,000 (previous year:
262,000) cubic meters and restructuring costs and special items of EUR 5
(previous year: EUR 0) million were incurred during the reporting period.
Income from operations, as the sum of operating profit, earnings from
entities consolidated at equity and restructuring costs and special items,
nearly doubled to EUR 9 (previous year: EUR 4) million.

For the full financial year 2015/16, CropEnergies expects a reduction of
revenues in the range of EUR 675 to EUR 725 (previous year: EUR 827)
million. Operating profit (before restructuring costs and special items) is
expected to range between EUR 10 and EUR 40 (previous year: EUR -11)
million.

The report for the 1st quarter 2015/16 is available on the CropEnergies
website.



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