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CropEnergies increases forecast for financial year 2016/17
454 
0 KommentareCropEnergies AG / Key word(s): Change in Forecast/Forecast
21.06.2016 08:00
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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Mannheim, 21 June 2016 - CropEnergies AG, Mannheim, has had a good start
into the new financial year 2016/17. Revenues in the 1st quarter decreased
as expected and reached EUR 168 (previous year: EUR 198) million. The main
reason for this were lower ethanol prices as well as missing sales volumes
compared to the 1st quarter of the previous year from the production plant
in Wilton, UK, which has been temporarily closed since February 2015.
Despite the lower business volume, CropEnergies was able to significantly
improve the earnings situation due to lower raw material prices and
decreased expenditures for energy and maintenance. Operating profit
therefore increased by 42 percent to EUR 19 (previous year: EUR 14)
million.
For the full financial year, CropEnergies has increased its forecast and
now expects revenues of EUR 640 to EUR 700 (previously expected: EUR 625 to
EUR 700) million and an operating profit in the range of EUR 50 to EUR 80
(previously expected: EUR 30 to EUR 70) million. In the previous year,
revenues had reached EUR 723 million with an operating profit of EUR 87
million.
In July 2016, CropEnergies will restart its production plant in Wilton.
This will allow all modifications that have been carried out to increase
reliability and improve energy efficiency to be tested. Depending on the
duration as well as the result, this may have an effect on revenues and
earnings. Possible effects, however, have not been included in the current
forecast.
The full annual report for the 1st quarter 2016/17 will be published on 6
July 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 1.3 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, Brazil, and Chile,
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:
Dr. Lilia Filipova-Neumann
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
21.06.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at 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
---------------------------------------------------------------------------
into the new financial year 2016/17. Revenues in the 1st quarter decreased
as expected and reached EUR 168 (previous year: EUR 198) million. The main
reason for this were lower ethanol prices as well as missing sales volumes
compared to the 1st quarter of the previous year from the production plant
in Wilton, UK, which has been temporarily closed since February 2015.
Despite the lower business volume, CropEnergies was able to significantly
improve the earnings situation due to lower raw material prices and
decreased expenditures for energy and maintenance. Operating profit
therefore increased by 42 percent to EUR 19 (previous year: EUR 14)
million.
For the full financial year, CropEnergies has increased its forecast and
now expects revenues of EUR 640 to EUR 700 (previously expected: EUR 625 to
EUR 700) million and an operating profit in the range of EUR 50 to EUR 80
(previously expected: EUR 30 to EUR 70) million. In the previous year,
revenues had reached EUR 723 million with an operating profit of EUR 87
million.
In July 2016, CropEnergies will restart its production plant in Wilton.
This will allow all modifications that have been carried out to increase
reliability and improve energy efficiency to be tested. Depending on the
duration as well as the result, this may have an effect on revenues and
earnings. Possible effects, however, have not been included in the current
forecast.
The full annual report for the 1st quarter 2016/17 will be published on 6
July 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 1.3 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, Brazil, and Chile,
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:
Dr. Lilia Filipova-Neumann
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
21.06.2016 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at 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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