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Mannheim, 11 January 2023 – In the first nine months of the 2022/23 financial year (1 March 2022 - 28 February 2023), CropEnergies AG, Mannheim, generated revenues of EUR 1,177 (previous year: EUR 781) million. The main reason for this were higher sales volumes and sales prices overall, both for sustainably produced ethanol and for the food and animal feed products sold. As the significantly higher revenues for the products sold more than compensated for the negative impact from the higher raw material and energy prices, it was possible to more than double both the EBITDA of EUR 267 (previous year: EUR 125) million and the operating profit of EUR 235 (previous year: EUR 94) million. Ethanol production in the first three quarters of the financial year 2022/23 increased compared to the previous year and reached 811,000 (previous year: 778,000) cubic metres.
Mannheim, 7 December 2022 – CropEnergies AG, Mannheim, Germany, will build a plant for the production of renewable ethyl acetate from sustainable ethanol. Foreseen location is the Zeitz Chemical and Industrial Park, Elsteraue, Germany. The supervisory board of CropEnergies has given the green light to the investment into what will be the first production plant in the new biobased chemicals business. The total investment for the new production facility will be between EUR 120 and EUR 130 million, which will be paid from the existing cash position. CropEnergies is currently engaged in the detailed and construction engineering. Ground breaking is to take place early in 2024 and the commissioning is scheduled latest for summer 2025.
Mannheim, 2 December 2022 – CropEnergies has decided to continue operations at the Ensus production plant in Wilton, UK, from January 2023 onwards. On 19 September 2022, CropEnergies AG, Mannheim, Germany, had communicated that the capacity utilisation of all its renewable ethanol production plants was continuously being assessed and that a decision on whether the current capacity utilization would be maintained from January 2023 onwards would be taken in the following weeks.
Mannheim, 12 October 2022 – CropEnergies AG, Mannheim, reached record revenues of EUR 450 (previous year: EUR 249) million in the 2nd quarter of the financial year 2022/23 (1 June – 31 August). EBITDA tripled to EUR 103 (previous year: EUR 34) million and operating profit also reached a new record high with EUR 93 (previous year: EUR 23) million.
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.