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Mannheim, 19 September 2022 – CropEnergies AG, Mannheim, Germany, is continuously assessing the capacity utilisation of all its renewable ethanol production plants. Given the multiplication in energy and power prices in combination with continuously high raw material prices, the pressure on the cost side is increasing. Particularly from January 2023 onwards, CropEnergies can only to a declining extend benefit from hedging positions entered before energy and power prices sky-rocketed.
Mannheim, 7 September 2022 – CropEnergies AG, Mannheim, Germany, has acquired a stake in the Dutch start-up for biobased chemicals Syclus BV, Maastricht. CropEnergies purchases 50 percent of the company's share capital. The investment volume amounts to EUR 1.8 million.
Mannheim, 1 September 2022 – CropEnergies AG, Mannheim, has acquired a stake in the German renewable energy startup East Energy GmbH, Rostock, Germany. As of 1 September 2022, CropEnergies acquires 25 percent of the company's share capital and will provide cash contributions and additionally shareholder loans.
Mannheim, 11 August 2022, 16:00 CEST – CropEnergies AG, Mannheim, increases its outlook for the current financial year 2022/23 and now expects an operating profit of EUR 215 to EUR 265 (previously expected: EUR 165 to EUR 215, previous year: EUR 127) million at revenues of EUR 1.47 to EUR 1.57 (previously expected: EUR 1.45 to EUR 1.55, previous year: EUR 1.08) billion.
Mannheim, 13 July 2022 - CropEnergies AG, Mannheim, expects a significant increase in revenues, EBITDA and operating profit for the running 2nd quarter of the 2022/23 financial year (1 June to 31 August 2022). In the same quarter of the previous year, CropEnergies had generated revenues of EUR 249 million, an EBITDA of EUR 33.7 million and an operating result of EUR 23.3 million.
Mannheim, 12 July 2022 – At today's virtual annual general meeting of CropEnergies AG, Mannheim, the shareholders approved by a large majority the proposal of the supervisory board and executive board to increase the dividend to EUR 0.45 (previous year: EUR 0.35) per dividend-bearing share after the record financial year 2021/22. This results in a total distribution of EUR 39.2 million.
Mannheim, 6 July 2022 - In the 1st quarter of 2022/23 (1 March – 31 May 2022), CropEnergies AG, Mannheim, increased revenues to EUR 399 (previous year: EUR 214) million and operating profit to EUR 87 (previous year: EUR 15) million. EBITDA improved to EUR 98 million (previous year: EUR 25 million). Ethanol production in the 1st quarter increased compared to the previous year and reached 281,000 (previous year: 235,000) cubic meters. Food and animal feed production also exceeded the previous year's level.
Mannheim, 15 June 2022, 10:30 CEST – According to preliminary figures, CropEnergies AG, Mannheim, has generated revenues of EUR 399 (previous year: EUR 214) million in the 1st quarter of the financial year 2022/23 (1 March – 31 May 2022).
Mannheim, 9 June 2022 - CropEnergies AG, Mannheim, has acquired a stake in LXP Group GmbH, Teltow (Germany), at the end of May 2022. For approx. EUR 2 million, CropEnergies secured just under 20 percent of the Brandenburg-based biotech startup as part of a capital increase.
Mannheim, 18 May 2022 - CropEnergies AG, Mannheim, Germany, achieved record revenues of EUR 1,075 (previous year: EUR 833) million in the 2021/22 financial year (1 March 2021 – 28 February 2022). Operating profit also improved significantly, reaching EUR 127 (previous year: EUR 107) million and EBITDA EUR 169 (previous year: EUR 148) million. The main reason for the record result was the sharp rise in ethanol sales prices in the 2nd half of the financial year, which more than offset the increase in raw material and energy costs.