Press release 12.07.2007
CropEnergies AG With A Strong First Quarter
Mannheim, 12 July 2007 ? In the first three months of the current financial year, CropEnergies AG, Mannheim, increased its revenues by 10.8 % to ? 34.1 million (? 30.8 million) compared to the same period in 2006/07. The operating profit was more than doubled. In the first quarter it totalled ? 5.5 million (? 2.6 million).
For the whole financial year 2007/08, CropEnergies AG expects a further growth of the revenues and the operating profit compared to the previous financial year.
The CropEnergies AG
The CropEnergies-Group ? a member of the Südzucker-Group ? is an established and according to the production capacity a leading European producer of bioethanol for the fuel sector.
?Crop? stands for ?creative regeneration of power?. Energy in the form of bioethanol is produced from renewable resources ? grain and sugar beets. With subsidiaries in Germany, France, and Belgium, the CropEnergies-Group has established itself as a bioethanol producer in a growing market in just a few years and it operates today?s largest bioethanol plant in Europe in Zeitz, Saxony-Anhalt, Germany. CropEnergies considers itself a pioneer on the German bioethanol market and will expand its market position in Europe. Since September 29, 2006, CropEnergies AG (ISIN DE000A0LAUP1) has been listed in the Prime Standard at the Frankfurt Stock Exchange.
|© CropEnergies AG|