In the financial year 2016/17 (1 March 2016 to 28 February 2017), CropEnergies AG, Mannheim, achieved a new record result. Revenues increased by 11 percent to EUR 802 (previous year: EUR 723) million...
CropEnergies AG, Mannheim, achieved revenues of EUR 802 (previous year EUR 723) million in the financial year 2016/17 (1 March 2016 to 28 February 2017). Operating profit reached a record of EUR 98 (previous year: EUR 87) million in the same period. The increase resulted mainly from higher production and sales volumes....
The executive board of CropEnergies AG, Mannheim, decided in today's meeting to propose a dividend of EUR 0.30 per share to the annual general meeting taking place on 18 July 2017, subject to the supervisory board deciding accordingly (expected on 16 May 2017)...
13.02.2017CropEnergies increases forecast for financial year 2016/17 once more
After record year 2016/17, normalization expected for 2017/18
CropEnergies AG, Mannheim, once more increases its forecast for the current financial year 2016/17 (1 March 2016 - 28 February 2017). The main reasons for the better earnings situation are the spot prices for bioethanol which continue to be significantly higher than the previously expected forward prices as well as the high capacity utilization in all four production plants. With this, CropEnergies strengthens its position as leading bioethanol producer in the EU. For the full financial year 2016/17, CropEnergies now expects revenues of EUR 800 to EUR 810 (previously expected: EUR 760 to EUR 790, previous year: EUR 723) million. Operating profit is to reach EUR 95 to EUR 100 (previously expected: EUR 70 to EUR 85, previous year: EUR 87) million. At the same time, CropEnergies expects a record EBITDA of approximately EUR 130 to EUR 135 (previous year: EUR 122) million.
11.01.2017CropEnergies grows in 3rd quarter and increases earnings forecast
Reduction of emissions required by European Commission only possible with secure basis for conventional biofuels
In the first nine months of the financial year 2016/17, CropEnergies AG, Mannheim, increased revenues slightly to EUR 565 (previous year: EUR 558) million. The jump in revenues in the 3rd
quarter to EUR 215 (previous year: EUR 168) million contributed significantly. The main reason for the increase in revenues is the restart of the production plant in Wilton, UK, by which CropEnergies increased bioethanol production from 618,000 to 735,000 cubic meters in the reporting period. At the same time, the food and animal feed volumes produced increased.
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