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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