Press release 17.07.2007
Great Interest in First Annual General Meeting of CropEnergies AG
Mannheim, 17 July 2007 CropEnergies AG, Mannheim, welcomed approximately 1.000 participants to its first annual general meeting since the initial public offering in September 2006. The strategic positioning of the company and the emerging market of renewable energies were of particular interest to shareholders as well as representatives of associations of shareholders.
During the annual general meeting, CropEnergies confirmed its forecast to increase revenues in the current financial year by approximately 25% compared to the previous year. The operating profit will also increase, although the growth is not as pronounced due to the developments in the grain markets.
The members of the hitherto existing supervisory board Eggert Voscherau, Prof. Dr. Markwart Kunz, Dr. Hans-Jörg Gebhard, Thomas Kölbl, Franz-Josef Möllenberg, and Norbert Schindler were re-elected as supervisory board members. In the subsequent meeting of the supervisory board, Eggert Voscherau was elected chairman of the supervisory board, Prof. Dr. Markwart Kunz deputy chairman.
All items on the agenda were accepted with a vast majority according to the proposals presented by CropEnergies.
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 todays 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.
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