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Press releases

01.02.2012
CropEnergies Executive Board Member Dr. Guderjahn Appointed Member of Südzucker Executive Board
Dr. Lutz Guderjahn (46) who has been a member of the executive board of CropEnergies AG, Mannheim, since 2006 will leave his position as a member of CropEnergies' executive board to join the Südzucker executive board after adjournment of the annual general meeting of CropEnergies AG on 17 July 2012.
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11.01.2012
CropEnergies Substantially Increases Revenues and Earnings
Record production of bioethanol in 3rd quarter

In the first three quarters of the current financial year 2011/12 (1 March to 30 November 2011), CropEnergies AG, Mannheim, Germany, increased group revenues by 22 percent to EUR 425.8 (previous year: EUR 348.5) million. The growth in revenues was primarily attributed to higher prices for bioethanol and protein food and animal feed products. The EBITDA rose by 21 percent to EUR 66.1 (previous year: EUR 54.6) million, while the operating profit increased more than proportionally by 34 percent to EUR 42.8 (previous year: EUR 32.0) million. CropEnergies boosted its annual net earnings by 37 percent to EUR 26.4 (previous year: EUR 19.2) million. As a result of the successful business development, net financial debt was reduced further and totalled EUR 155.4 (previous year: EUR 193.5) million as of 30 November 2011.
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