Investor Relations

Insider information publication

Current announcements according to section 17 MAR*

CropEnergies starts into financial year 2019/20 with a strong 1st quarter
CropEnergies AG, Mannheim, has, according to preliminary results, generated revenues of EUR 203 (previous year: EUR 192) million in the 1st quarter of the financial year 2019/20 (1 March 2019 – 29 February 2020). Thanks to recovered ethanol prices, operating profit at EUR 15.2 (previous year: EUR 4.6) million was significantly higher than the previous year’s result. EBITDA reached EUR 25.8 (previous year: EUR 14.3) million.

Insider information publication according to section 17 MAR

In today's meeting, CropEnergies AG‘s executive board has decided to propose a dividend of EUR 0.15 (previous year: EUR 0.25) per share for the financial year 2018/19 to the annual general meeting – subject to a respective resolution of the supervisory board which is expected for 13 May 2019. This currently corresponds to a dividend yield of approx. 3 percent.
CropEnergies restarts UK plant to meet local demand
In its meeting today, the executive board of CropEnergies AG, Mannheim, has decided to resume ethanol production in its UK plant in Wilton at the beginning of March 2019. It is planned to initially run the factory at reduced capacity to supply orders from British customers.
Due to unexpectedly strong increases in ethanol prices in Europe in the last few weeks, CropEnergies AG, Mannheim, increases its outlook for the 2018/19 financial year. While the ethanol price was quoted at around € 475/m³ in mid-October, it rose to around € 615/m³ by mid-December. Price changes are directly reflected in the results...
CropEnergies AG, Mannheim, adjusts its outlook for the current financial year 2018/19 due to ethanol prices – both spot and forward prices – which have significantly fallen in the last few days contrary to all expectations. CropEnergies is now expecting an operating result between EUR 15 and EUR 35 (previously expected: EUR 25 to EUR 55) million...
CropEnergies AG, Mannheim, has achieved, according to preliminary figures, an operating result of EUR 9.3 (previous year: EUR 23.7) million in the 2nd quarter 2018/19. Compared to the 1st quarter of the current financial year, this is an increase of EUR 4.7 million. Altogether, the operating result of 1st half 2018/19 reaches EUR 13.9 million and is significantly below the achieved operating result of EUR 47.3 million in the previous-year period, as expected.
CropEnergies with weaker start to the year
Adjustment 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.
CropEnergies 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 ...
CropEnergies 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...
* before 2 July 2016: Ad hoc announcement pursuant to Section 15 of the German Securities Trading Act (WpHG)

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