CropEnergies again increases forecast for the current financial year
Profitable growth path continued in 3rd quarter
CropEnergies AG, Mannheim, has continued its road to success in the first nine months of the current financial year 2010/11 (1 March - 30 November 2010) and has significantly increased its revenues by 24 percent compared to the previous year to EUR 349 (previous year: EUR 280) million. Operating profit rose to EUR 32 (previous year: EUR 4) million. The main reason for the growth in revenues and profit is the increased production of bioethanol and the high-quality protein food and animal feed of the plant in Wanze, Belgium, which led to increased revenues in the 3rd quarter as well.
CropEnergies: Certification confirms sustainable bioethanol production
Bioethanol produced at the plants of CropEnergies AG, Mannheim, in Zeitz (Saxony-Anhalt) and Wanze (Belgium) conforms to all the requirements of the German Biofuel Sustainability Regulation. Both plants and the company's tank storage facilities in Rotterdam and Duisburg were certified in October 2010. CropEnergies can therefore prove that bioethanol is produced sustainably at the plants. Consequently, CropEnergies will continue to serve as a reliable partner for the mineral oil industry, which will be required to meet its blending quota obligations in Germany with certified bioethanol as from 1 January 2011.
CropEnergies continues revenue and earnings growth in the 2nd quarter
Operating profit in the first six months reaches a record level
CropEnergies AG, Mannheim, increased its revenues in the 1st half of the current 2010/11 financial year (1 March - 31 August 2010) considerably by 16.5 percent year over year to EUR 214.7 (previous year: 184.3) million. EBITDA improved in the 1st half to EUR 32.4 (previous year: 7.5) million and reached a margin of 15.1 (previous year: 4.1) percent. The operating result was up strongly to EUR 17.4 (previous year: -0.8) million. After a financial result of EUR -4.0 (previous year: -3.9) million and net tax of EUR -3.0 (previous year: 2.8) million, CropEnergies posted net earnings after tax in the 1st half of EUR 10.5 (previous year: -2.0) million.
CropEnergies Increases Forecast After Strong 1st Half
CropEnergies AG, Mannheim, increased its revenues in the 1st half of the current 2010/11 financial year (1 March - 31 August 2010) considerably by 16.5 percent compared to the previous year to EUR 215 (previous year: 184) million.
CropEnergies' annual general meeting resolves first dividend payment
The annual general meeting of CropEnergies AG, Mannheim, on 15 July 2010 passed a resolution to pay a dividend for the first time. The total dividend payout is EUR 4.3 million. That is equivalent to EUR 0.05 per share. All the other motions put forward by the company's executive board and supervisory board were also adopted by a clear majority of over 99%. Approximately 800 shareholders and guests representing 82% of the share capital, attended the annual general meeting held in the Rosengarten in Mannheim.
CropEnergies reports a strong 1st quarter
Growth in revenues and earnings despite 5-year plant overhaul in Zeitz
CropEnergies AG, Mannheim, increased its revenues in the 1st quarter of the 2010/11 financial year by five percent to EUR 93.5 (previous year: 2009/10: EUR 89.0) million. Higher bioethanol and co-product sales in Belgium contributed especially. EBITDA improved strongly to EUR 9.7 (previous year: 0.7) million after the 1st quarter of the previous year had been burdened by the start-up phase at the new plant in Belgium. This was equivalent to a margin of 10.4 (previous year: 0.8) percent. The operating result rose to EUR 2.4 (previous year: -3.2) million, although depreciation almost doubled to EUR 7.4 (previous year: 3.9) million.
CropEnergies aims to more than double operating profit in 2010/11
Profitable growth enables a first dividend payment for 2009/10
With revenues up 14 percent to EUR 374.1 (previous year: 328.4) million, CropEnergies AG, Mannheim, sustained its growth course in 2009/10 despite the financial and economic crisis. EBIDTA increased 16 percent to EUR 33.1 (previous year: 28.6) million.
CropEnergies to pay a dividend of EUR 0.05 per share
CropEnergies AG, Mannheim, continued to grow profitably in the 2009/10 financial year (1 March 2009 - 28 February 2010) and increased its revenues by 14 percent to EUR 374.1 (previous year: 328.4) million.
Ground-breaking ceremony for Germany's biggest plant for the liquefaction of biogenic CO2
Minister Haseloff gives the start for building by the Joint Venture of CropEnergies and Tyczka Energie
Reiner Haseloff, Minister of Employment and Economic Affairs of the State of Saxony-Anhalt, together with Markwart Kunz, Deputy Supervisory Board Chairman of CropEnergies AG and Executive Board member of its parent company Südzucker AG Mannheim/Ochsenfurt, and Hans-Wolfgang Tyczka, majority shareholder of the Tyczka Group, made the first symbolic spade cut to start construction of a plant for liquefying biogenic CO2 from the production of bioethanol. With an annual capacity of 100,000 tonnes of food-grade liquefied CO2 and scheduled to start operations as early as the end of 2010, the plant is being erected by CT Biocarbonic GmbH, a joint venture of CropEnergies AG from Mannheim and Tyczka Energie GmbH from Geretsried, in the immediate vicinity of the bioethanol plant of CropEnergies in Zeitz.
CropEnergies continues to grow
EBITDA increased in the 3rd quarter by 36 % to EUR 9.5 million
In the first nine months of the financial year 2009/10 (March 1 through November 30, 2009) CropEnergies AG, Mannheim, recorded a substantial increase in revenues of 18 % to EUR 280.3 million (previous year: 237.5 million). Amongst other things, the company benefitted from increased sales as a result of the capacity expansion.
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