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CropEnergies once more increases outlook for financial year 2015/16
397 
0 KommentareCropEnergies AG / Key word(s): Forecast/Change in Forecast
19.11.2015 08:41
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Mannheim, 19 November 2015 - CropEnergies AG, Mannheim, once more
significantly increases its outlook for the operating profit of the current
financial year 2015/16 (1 March 2015 - 29 February 2016). The main reason
for the better earnings situation are the spot prices for bioethanol which
are significantly above the originally expected forward prices. For the
full financial year 2015/16, CropEnergies now expects an operating profit
between EUR 70 and EUR 90 million (previous year: EUR -11 million). This
positive development will already be reflected in the results of the 3rd
quarter 2015/16 which will be significantly higher than the previous
year's.
The company's performance in the financial year 2016/17 will also be
strongly dependent on the developments on the bioethanol markets. Right
now, forward prices for bioethanol in Europe for the financial year 2015/16
show a significant price reduction. Based on this, CropEnergies' operating
profit should decrease to approximately EUR 30 million. After the
experiences of the financial year 2015/16, in which the realized spot
prices were at times more than 10 percent higher than the previously quoted
forward prices, CropEnergies considers an operating profit of up to EUR 70
million to be possible. Having said that and as long as grain prices remain
stable, CropEnergies expects the operating profit for the coming financial
year 2016/17 to remain under the excellent result for the current financial
year.
The report for the 1st to 3rd quarter 2015/16 will be published on 12
January 2016.
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
19.11.2015 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
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significantly increases its outlook for the operating profit of the current
financial year 2015/16 (1 March 2015 - 29 February 2016). The main reason
for the better earnings situation are the spot prices for bioethanol which
are significantly above the originally expected forward prices. For the
full financial year 2015/16, CropEnergies now expects an operating profit
between EUR 70 and EUR 90 million (previous year: EUR -11 million). This
positive development will already be reflected in the results of the 3rd
quarter 2015/16 which will be significantly higher than the previous
year's.
The company's performance in the financial year 2016/17 will also be
strongly dependent on the developments on the bioethanol markets. Right
now, forward prices for bioethanol in Europe for the financial year 2015/16
show a significant price reduction. Based on this, CropEnergies' operating
profit should decrease to approximately EUR 30 million. After the
experiences of the financial year 2015/16, in which the realized spot
prices were at times more than 10 percent higher than the previously quoted
forward prices, CropEnergies considers an operating profit of up to EUR 70
million to be possible. Having said that and as long as grain prices remain
stable, CropEnergies expects the operating profit for the coming financial
year 2016/17 to remain under the excellent result for the current financial
year.
The report for the 1st to 3rd quarter 2015/16 will be published on 12
January 2016.
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
19.11.2015 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
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