The shareholders of CropEnergies AG, Mannheim, will receive a dividend of EUR 0.25 (previous year: 0.30) per share entitled to dividend. At today’s annual general meeting, they approved the dividend proposal of the supervisory board and the executive board by a large majority. The total dividend payout amounts to EUR 21.8 million. All other agenda items were also adopted by a majority of more than 99 percent. Around 700 shareholders and guests attended the annual general meeting in the Congress Center Rosengarten in Mannheim. Overall, 82 percent of the share capital was represented.
Operating profit of EUR 25 to 55 million and higher net financial assets expected for 2018/19EU compromise opens up further growth potential for renewable fuels after 2020
CropEnergies AG, Mannheim, started the 2018/19 financial year with a below-average 1st quarter compared to previous years. As already announced on 14 June 2018, revenues decreased by 17 percent to EUR 192 (previous year: 231) million. EBITDA of EUR 14 (previous year: 33) million was slightly less than half of the previous year's figure. Accordingly, the operating result decreased to EUR 5 (previous year: 24) million.
14.06.2018CropEnergies with weaker start to the yearAdjustment of forecast to lower ethanol prices
CropEnergies AG, Mannheim, started the 2018/19 financial year with a below-average 1st
quarter compared to the previous year. According to preliminary figures, revenues decreased by 17 percent to EUR 192 (previous year: EUR 231) million. EBITDA of EUR 14 (previous year: EUR 33) million was slightly less than half the previous year's figure. Accordingly, the operating result decreased to EUR 5 (previous year: EUR 23) million. The main reason for the reduction is the significantly lower price of ethanol, which has not yet benefited from the higher oil price.
26.03.2018CropEnergies proposes EUR 0.25 dividend and expects operating profit of EUR 30 to 70 million for financial year 2018/19 despite lower ethanol prices
According to preliminary results, CropEnergies AG, Mannheim, has increased revenues by 10 percent to EUR 882 (previous year: EUR 802) million in the financial year 2017/18 (1 March 2017 - 28 February 2018). The main reason for the increase was the ethanol production which has risen by 12 percent to 1,149,000 (previous year: 1,030,000) cubic meters. The production of protein food and animal feed products increased accordingly and has now reached a share of approx. 45 percent of the total volume produced. With EUR 72 (previous year: EUR 98) million, operating profit came out within the projected range and below the previous year's record result. Given an EBITDA of EUR 111 (previous year: EUR 135) million, net financial assets improved to EUR 37 million (previous year: net financial debt of EUR 9 million).
10.01.2018CropEnergies in first three quarters with growth in revenues and productionOperating profit on previous year's level despite weaker 3rd quarter
In the first three quarters of the financial year 2017/18, revenues of CropEnergies AG, Mannheim, increased by 20 percent to EUR 679 (previous year: EUR 565) million. This was mainly due to the increased production volumes. In addition, higher prices for ethanol were realized and the trade volumes increased. The 3rd
quarter contributed EUR 219 (previous year: EUR 215) million.
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