Mannheim, 12 May 2014 - CropEnergies AG, Mannheim, will propose to the annual general meeting on 15 July 2014 to reduce the dividend to EUR 0.10 (previous year: EUR 0.20 plus additional EUR 0.06) per share reflecting the decline of the profit situation during the past financial year 2013/14 (1 March 2013 - 28 February 2014).
The supervisory board has approved the decision of the executive board in its meeting on 12 May 2014.
On the basis of the issued 87.25 million shares, this results in a total dividend distribution of EUR 8.7 (previous year: EUR 22.1) million and a strengthening of shareholder's equity.
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.