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Current announcements according to section 17 MAR*
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).
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 ...
19.06.2017CropEnergies increases forecast after strong 1st quarter 2017/18
CropEnergies AG, Mannheim, has - according to preliminary results - increased revenues and results significantly in the 1st
quarter of the current financial year 2017/18 (1 March 2017 - 28 February 2018). Revenues increased by 38 percent to EUR 231 (previous year: EUR 168) million, while operating profit improved by 21 percent to EUR 23.5 (previous year: EUR 19.4) million...
The executive board of CropEnergies AG, Mannheim, decided in today's meeting to propose a dividend of EUR 0.30 per share to the annual general meeting taking place on 18 July 2017, subject to the supervisory board deciding accordingly (expected on 16 May 2017)...
13.02.2017CropEnergies increases forecast for financial year 2016/17 once more
After record year 2016/17, normalization expected for 2017/18
CropEnergies AG, Mannheim, once more increases its forecast for the current financial year 2016/17 (1 March 2016 - 28 February 2017). The main reasons for the better earnings situation are the spot prices for bioethanol which continue to be significantly higher than the previously expected forward prices as well as the high capacity utilization in all four production plants. With this, CropEnergies strengthens its position as leading bioethanol producer in the EU. For the full financial year 2016/17, CropEnergies now expects revenues of EUR 800 to EUR 810 (previously expected: EUR 760 to EUR 790, previous year: EUR 723) million. Operating profit is to reach EUR 95 to EUR 100 (previously expected: EUR 70 to EUR 85, previous year: EUR 87) million. At the same time, CropEnergies expects a record EBITDA of approximately EUR 130 to EUR 135 (previous year: EUR 122) million.
20.12.2016CropEnergies grows in 3rd quarter and increases forecast
In the first nine months of the financial year 2016/17, CropEnergies AG, Mannheim, generated revenues which, at EUR 565 (previous year: EUR 558) million, were slightly above the previous year's level. This was possible because of a jump in revenues to EUR 215 (previous year: EUR 168) million in the 3rd
22.09.2016CropEnergies to repeat good 1st half of previous year despite lower earnings in 2nd quarter 2016/17 - outlook for earnings confirmed
CropEnergies AG, Mannheim, has achieved an operating result of EUR 22 (previous year: EUR 26) million in the 2nd quarter 2016/17. Compared to the 1st quarter of the current financial year, this is an increase of EUR 2 million. Altogether, the 1st half 2016/17 reaches the same level as the successful previous year's with an operating result of EUR 41 (previous year: EUR 40) million. The main reasons for the stable profit development in the 1st half 2016/17 were lower raw material and energy prices which were able to compensate for the lower prices in the ethanol market to a large extent.
21.06.2016CropEnergies increases forecast for financial year 2016/17
CropEnergies AG, Mannheim, has had a good start into the new financial year 2016/17. Revenues in the 1st
quarter decreased as expected and reached EUR 168 (previous year: EUR 198) million. The main reason for this were lower ethanol prices as well as missing sales volumes compared to the 1st
quarter of the previous year from the production plant in Wilton, UK, which has been temporarily closed since February 2015. Despite the lower business volume, CropEnergies was able to significantly improve the earnings situation due to lower raw material prices and decreased expenditures for energy and maintenance. Operating profit therefore increased by 42 percent to EUR 19 (previous year: EUR 14) million.
17. 05.2016CropEnergies suggests dividend of EUR 0.15 per share - plant in Wilton to start trial run
CropEnergies AG, Mannheim, will propose to the annual general meeting on 12 July 2016 to once again pay a dividend to reflect the significantly improved earnings situation of the past financial year 2015/16 (1 March 2015 - 29 February 2016). Each share is to receive a dividend of EUR 0.15 (previous year: EUR 0.00). The supervisory board has approved of the executive board's suggestion in its meeting on 17 May 2016.
* before 2 July 2016: Ad hoc announcement pursuant to Section 15 of the German Securities Trading Act (WpHG)
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Interim Report 1st Quarter
1 March to 31 May 2018Download (PDF, 250.83 KB)