Press release 18.05.2015
Ad hoc announcement pursuant to Section 15 of the German Securities Trading Act (WpHG)
No dividend payout at CropEnergies AG
Mannheim, 18 May 2015 - The supervisory board of CropEnergies AG, Mannheim, has approved the annual and consolidated financial statement of CropEnergies AG for the financial year 2014/15 in its meeting on 18 May 2015. The annual accounts are therefore adopted. There will be no dividend payout as there was no profit available for distribution for CropEnergies AG in the financial year 2014/15.
The full annual report for the financial year 2014/15 will be published on 19 May 2015.
Ensuring mobility in a climate friendly way - today and in the future - is CropEnergies' business. Founded in Mannheim, Germany, in 2006, the young and dynamically growing member of the Südzucker Group is one of the leading European manufacturers of sustainably produced bioethanol for the fuel sector today. With its production capacities of 1.2 million cubic meters of bioethanol per year, CropEnergies produces bioethanol which predominantly replaces petrol in four modern production facilities in Germany, Belgium, the UK, and France. The highly efficient production facilities reduce CO2 emissions by up to 70 percent across the whole value-added chain compared to fossil fuel. With the production sites, the unique logistics network in Europe as well as trading offices in the USA and Brazil, CropEnergies is one of the leading companies in a major emerging market.
At the same time, CropEnergies is an important producer of food and animal feed products. The raw materials which are used such as cereals and sugar beets are completely utilized. As a result, more than 1 million tonnes of high-quality protein food and animal feed products are manufactured every year out of the non-fermentable components of the raw materials.
Through advanced technology and innovation CropEnergies contributes to ensure a sustainable mobility from renewable sources today and in the future through its main product bioethanol: mobility - sustainable. renewable.
The CropEnergies AG stock (ISIN DE000AOLAUP1) has been listed at the regulated market (Prime Standard) at the Frankfurt Stock Exchange since 2006.
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