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Mannheim, 11 July 2023 – 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 0.60 (previous year: EUR 0.45) per dividend-bearing share after the record financial year 2022/23. This results in a total distribution of EUR 52.3 million. All other items on the agenda were also approved with a majority of over 90 percent.
Mannheim, 5 July 2023 – After an exceptionally strong 1st quarter in the previous year, CropEnergies AG, Mannheim, Germany, reported revenues of EUR 321 (previous year: EUR 399) million and an operating profit of EUR 14 (previous year: EUR 87) million in the 1st quarter of 2023/24 (1 March – 31 May 2023). This corresponds to an EBITDA of EUR 25 (previous year: EUR 98) million. Ethanol production declined to 221 (previous year: 281) thousand cubic meters due to scheduled maintenance shutdowns.
Mannheim, 24 May 2023 – In the 2022/23 financial year, CropEnergies AG, Mannheim, achieved the best result since the company was founded. With revenues of EUR 1,488 (previous year: EUR 1,075) million, CropEnergies again significantly exceeded the record figure from the previous financial year.
Mannheim, 23 May 2023 – "Jeder lobt was Nürburgring-erprobt." ("Everyone praises what has been tested on the Nürburgring.”) The sign in the historic paddock of the Nürburgring which has been there for decades still holds true today: The Reutlingen-based racing team Four Motors will once again go to the race start this year with an absolute innovation.
Mannheim, 17 April 2023, 17:25 CEST – CropEnergies AG, Mannheim, expects a significant reduction in revenues, EBITDA and operating profit for the 1st quarter of the financial year 2023/24 (1 March 2023 to 29 February 2024). In the same quarter of the previous year, CropEnergies had achieved revenues of EUR 399 million, an operating profit of EUR 87 million and an EBITDA of EUR 98 million due to exceptional conditions.
Mannheim, 16 March 2023, 16:45 CEST – The executive board of CropEnergies AG, Mannheim, has decided – subject to a corresponding resolution by the supervisory board (expected on 22 May 2023) – to propose to the annual general meeting a dividend of EUR 0.60 (previous year: 0.45) per share for the financial year 2022/23 (1 March 2022 – 28 February 2023). The annual general meeting will take place on 11 July 2023.
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.