Insider information publication according to section 17 MAR
CropEnergies: operating profit on previous year's level after nine months, despite reduction in 3rd quarter. Liquidity further improved.
Mannheim, 15 December 2017 - In the 3rd quarter of the financial year 2017/18, CropEnergies AG, Mannheim, realized an operating profit that, at EUR 12 (previous year: EUR 18) million, was lower than in the previous year's, as expected. Cumulated for the first nine months of the financial year, an operating profit of EUR 59 (previous year: EUR 59) million was generated, which is at the previous year's level. EBITDA reached EUR 88 (previous year: EUR 87) million.
The revenues in the 3rd quarter of the financial year 2017/18, at EUR 219 (previous year: EUR 215) million, were on the level of the previous year. In the first nine months, the revenues increased to EUR 679 (previous year: EUR 565) million.
For the current financial year 2017/18 CropEnergies narrows the range for the operating profit and now expects between EUR 65 and EUR 85 (previously expected: EUR 60 to EUR 90) million. Revenues continue to be expected to lie between EUR 880 and EUR 920 (previous year: EUR 802) million.
Compared to the previous year (30 November), net financial assets continued to improve to EUR 20 (previous year: EUR net financial debt of EUR 37) million.
The full report for the first three quarters of the financial year 2017/18 will be published on 10 January 2018.
Ensuring mobility in a climate friendly way - today and in the future - is CropEnergies' business. Founded in Mannheim, Germany, in 2006, the member of the Südzucker Group is the leading European manufacturer of sustainably produced bioethanol 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 approximately 70 percent on average across the whole value-added chain compared to fossil fuel.
In addition to fuel alcohol, CropEnergies also produces 150,000 cubic meters of high-purity neutral alcohol which is used in the beverage, cosmetics, and pharmaceutical industry or for technical applications. 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 (ISIN DE000A0LAUP1) has been listed at the regulated market (Prime Standard) at the Frankfurt Stock Exchange since 2006.
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