Press

Fiscal year 2015/16

Ad hoc announcement pursuant to Section 15 of the German Securities Trading Act (WpHG)

19.11.2015
CropEnergies once more increases outlook for financial year 2015/16
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.
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08.10.2015
CropEnergies increases operating profit significantly
Outlook for full financial year 2015/16 increased once more
The revenues of CropEnergies AG, Mannheim, decreased slightly to EUR 390 (previous year: EUR 405) million in the 1st half of the financial year 2015/16 (1 March - 31 August 2015), as expected. However, EBITDA increased to EUR 57 (previous year: EUR 13) million due to higher sales prices, lower raw material costs, and an improved cost structure. Operating profit also improved considerably to EUR 40 (previous year: EUR -4) million.
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Ad hoc announcement pursuant to Section 15 of the German Securities Trading Act (WpHG)

22.09.2015
CropEnergies once more increases outlook for financial year 2015/16 after successful 1st half
As expected, the revenues of CropEnergies AG, Mannheim, have decreased slightly to EUR 390 (previous year: EUR 405) million in the 1st half of the financial year 2015/16 (1 March - 31 August 2015). However, operating profit reached EUR 40 (previous year: EUR -4) million which was the best result of a 1st half in CropEnergies' history. The main reason for the increase in earnings were significantly higher bioethanol prices in Europe. Improvements in the cost structure due to the pause in production of the plant in Wilton, UK, have also contributed to better results. After taking into consideration restructuring results of EUR -9 (previous year: EUR 0) million, the income from operations reached EUR 31 (previous year: EUR -5) million.
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14.07.2015
CropEnergies confirms positive outlook
CropEnergies AG, Mannheim, welcomed approximately 600 shareholders and guests to its annual general meeting in the Congress Center Rosengarten in Mannheim on 14 July 2015. Dr. Wolfgang Heer was elected as a new member of the supervisory board of the company. All other agenda items were also approved by shareholders with a majority of over 99 percent. Overall, 82.83 percent of the share capital was represented.
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08.07.2015
CropEnergies with successful 1st quarter 2015/16
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.
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Ad hoc announcement pursuant to Section 15 of the German Securities Trading Act (WpHG)

17.06.2015
CropEnergies raises outlook for 2015/16 after good start into financial year
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.
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19.05.2015
CropEnergies with growth in revenues but operating loss
Bioethanol production increased - difficult market conditions put pressure on European bioethanol producers - medium term outlook improved

CropEnergies AG, Mannheim, was able to increase revenues by 6 percent to EUR 827 million (previous year: EUR 780 million) in the financial year 2014/15 (1 March 2014 - 28 February 2015). The main reason for the growth in revenues was the increase in bioethanol production. However, very low bioethanol prices which could not be offset by lower raw material prices put a strain on the result. EBITDA decreased to EUR 25.2 (previous year: 68.5) million. This led to a decrease in operating profit to minus EUR 11 million (previous year: plus EUR 35 million). In addition to this, the consolidated result was burdened by non-recurring expenditures of EUR 37 million by the temporary standstill of the production plant in Wilton, UK. All in all, the company closes the financial year with a net loss of the year of minus EUR 58 million (previous year: plus EUR 12 million). Therefore, there will be no dividend payout.
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Ad hoc announcement pursuant to Section 15 of the German Securities Trading Act (WpHG)

18.05.2015
No dividend payout at CropEnergies AG
The supervisory board of CropEnergies AG, Mannheim, has approved the annual and consolidated financial statement of CropEnergies AG for the financial year 2014/15 in its meeting on 18 May 2015. The annual accounts are therefore adopted. There will be no dividend payout as there was no profit available for distribution for CropEnergies AG in the financial year 2014/15.
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Ad hoc announcement pursuant to Section 15 of the German Securities Trading Act (WpHG)

30.04.2015
Changes in executive and supervisory board of CropEnergies AG
In today's meeting, the supervisory board of CropEnergies AG, Mannheim, has appointed Joachim Lutz as the Chief Executive Officer (Sprecher des Vorstands) with immediate effect. He will assume responsibility for the following departments: production, business development, public relations, public affairs, marketing, investor relations, compliance, and human resources. Lutz has been Chief Financial Officer of CropEnergies since May 2006.
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Ad hoc announcement pursuant to Section 15 of the German Securities Trading Act (WpHG)

10.04.2015
CropEnergies expects difficult financial year 2015/16
The revenues of CropEnergies AG, Mannheim, increased to EUR 827 million (previous year: EUR 781 million) in the financial year 2014/15 (1 March 2014 to 28 February 2015). As expected, operating profit fell significantly and reached EUR -11 million (previous year: EUR 35 million). The temporary standstill of the production site in Wilton, UK, which was announced in February 2014, led to restructuring costs and special items of EUR -28 million. In addition to this, there will be one-time costs of EUR 9 million from the depreciation of deferred tax assets. The result after taxes for the full financial year 2014/15 will therefore be negative.
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