Mannheim, 17 December 2012 - In the first nine months of the current financial year 2012/13 (1 March - 30 November 2012), CropEnergies AG, Mannheim, continued its road to success and increased the revenues by 20 percent to EUR 510 (previous year: 426) million.
The significantly higher production and sales volumes of bioethanol have contributed to this. The operating profit reached EUR 70 (previous year: 43) million. The 3rd quarter alone contributed EUR 33 (previous year: 14) million to this result. The main reason for the growth in earnings were the contributions in operating income from the increase in production and sales volumes, the foresighted hedging of raw materials as well as the increased prices for food and animal feed products.
Due to the good development of the business, CropEnergies again increases its forecast for revenues and profit for the full financial year 2012/13 and expects a rise in revenues to more than EUR 670 (previous year: 572) million. The operating profit is expected to improve more than proportionally to more than EUR 80 (previous year: 53) million.
The report for the first nine months of the financial year 2012/13 will be published on 9 January 2013 and can be downloaded at www.cropenergies.com.
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 three modern production facilities in Germany, Belgium, and France as well as trading offices in the USA and Brazil, CropEnergies produces approximately 700,000 cubic meters of bioethanol per year. They mainly replace petrol and reduce CO2 emissions by up to 70 percent. With this, CropEnergies has established itself successfully as a bioethanol pioneer in a major emerging market.
In addition to the efficient production of bioethanol, CropEnergies is mainly characterized by the innovative co-product concept: The raw materials which are used such as cereals and sugar beets are completely utilized. As a result, 500,000 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.