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Outlook for full financial year increased significantly
Mannheim, 15 September 2020, 12:12 CET/CEST - According to preliminary figures, CropEnergies AG, Mannheim, has generated revenues of EUR 229 (previous year: EUR 245) million in the 2nd quarter 2020/21. EBITDA grew to EUR 52 (previous year: EUR 39) million, while the operating profit reached EUR 43 (previous year: EUR 29) million. The main reasons for the excellent result were a high demand for renewable ethanol and the strong increase in ethanol prices.
Mannheim, 14 July 2020 - The shareholders of CropEnergies AG, Mannheim, approved the doubling of the dividend to EUR 0.30 (previous year: EUR 0.15) per share entitled to dividend proposed by the supervisory board and executive board. The Annual General Meeting elected Dr Thomas Kirchberg (60) as a new member of the supervisory board. All other items on the agenda were also approved by the shareholders.
Mannheim, 8 July 2020 - CropEnergies AG, Mannheim, has achieved revenues of EUR 171 (previous year: EUR 203) million in the 1st quarter (1 March - 31 May 2020) of the financial year 2020/21. EBITDA fell to EUR 18 (previous year: EUR 26) million, while the operating result reached EUR 8.1 (previous year: EUR 15.2) million. Net income for the quarter amounted to EUR 7.9 (previous year: EUR 10.6) million. Net financial assets rose to EUR 130 (29 February 2020: EUR 107) million.
Mannheim, 17 June 2020, 12:09 CET/CEST – CropEnergies AG, Mannheim, has started financial year 2020/21 (1 March 2020 – 28 February 2021) better than expected.
Mannheim, 13 May 2020 – CropEnergies AG, Mannheim, has achieved record revenues of EUR 899 (previous year: EUR 779) million in the 2019/20 financial year (1 March 2019 - 29 February 2020). Operating profit tripled to EUR 104 (previous year: EUR 33) million. EBITDA doubled to EUR 146 (previous year: EUR 72) million.
Mannheim, 21 April 2020, 4:09 pm CET/CEST – The executive board of CropEnergies AG, Mannheim, has decided today – subject to a corresponding resolution by the supervisory board (expected on 11 May 2020) – to propose a dividend of EUR 0.30 (previous year: EUR 0.15) per share for the 2019/20 financial year to the annual general meeting. The annual general meeting is scheduled to take place in virtual form on 14 July 2020.
Mannheim, 8 April 2020 - CropEnergies AG, Mannheim, is part of a large-scale initiative of the State of Bavaria to secure the supply of disinfectants to hospitals and other important facilities, initially for the next three months.
Mannheim, 25 March 2020 - CropEnergies AG, Mannheim, is not only the largest European producer of sustainably produced technical ethanol (alcohol), but also a producer of specially purified, drinkable neutral alcohol for pharmaceutical applications, cosmetics or beverages.
CropEnergies AG, Mannheim, will partially switch its production from fuel alcohol to neutral alcohol in order to meet the growing demand for ethanol as the main ingredient for disinfectants.
Mannheim, 13 January 2020, 5:01 pm CET - CropEnergies AG, Mannheim, has decided the succession for the executive board: Joachim Lutz, (63), CropEnergies AG‘s CEO, will retire at the end of the annual general meeting on 14 July 2020, after 14 years in the executive board.