AI assistant
CropEnergies AG — Earnings Release 2010
May 11, 2011
86_rns_2011-05-11_bfcc0dd9-6f8d-494e-b428-85a17eb65d49.html
Earnings Release
Open in viewerOpens in your device viewer
News Details
Ad-hoc | 11 May 2011 17:18
CropEnergies plans to triple dividend after successful financial year
CropEnergies AG / Key word(s): Dividend
11.05.2011 17:18
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
Mannheim, 11 May 2011 - CropEnergies AG, Mannheim, increased its revenues
in the 2010/11 financial year (1 March 2010 - 28 February 2011) by 26
percent to EUR 472.8 (previous year: 374.1) million and nearly quadrupled
its operating profit to EUR 45.9 (previous year: 11.9) million. The company
thus exceeded its own forecast and further expanded its position as one of
Europe's leading bioethanol manufacturers.
In its meeting on 11 May 2011, the supervisory board decided to follow the
recommendation of the executive board and to propose a tripling of the
dividend to the annual general meeting on 19 July 2011, to EUR 0.15
(previous year: 0.05) per share, accounting for a total payout of EUR 12.75
(previous year: 4.25) million.
The full 2010/11 annual report will be published on 12 May 2011, at 10:30
a.m. (CEST) at www.cropenergies.com.
CropEnergies AG
CropEnergies - a member of the Südzucker Group - is a leading European
manufacturer of sustainably produced bioethanol for the fuel industry, with
an annual output of over 700,000 cubic meters of bioethanol. 'Crop' stands
for 'creative regeneration of power': Energy in the form of bioethanol is
produced from renewable resources - grain and sugar beets. CropEnergies
also refines the co-products of bioethanol production into over 500,000
tonnes of high-quality food and animal feed.
CropEnergies sees itself as a pioneer in the German bioethanol market and
is expanding its market position throughout Europe. With three modern
production sites and two tank storage facilities, CropEnergies has an
efficient production and sales network in the European growth market for
renewable energies. The shares of CropEnergies AG (ISIN DE000A0LAUP1) are
listed in the regulated market (Prime Standard) on the Frankfurt Stock
Exchange.
Contact:
Heike Bosserhoff
Investor Relations
Tel.: +49 (621) 71 41 90-30
Fax: +49 (621) 71 41 90-03
[email protected]
Nadine Dejung
Public Relations / Marketing
Tel.: +49 (621) 71 41 90-65
Fax: +49 (621) 71 41 90-04
[email protected]
11.05.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
Language: English
Company: CropEnergies AG
Gottlieb-Daimler-Str. 12
68165 Mannheim
Deutschland
Phone: +49 (0)621-71 41 90 00
Fax: +49 (0)621-71 41 90 04
E-mail: [email protected]
Internet: www.cropenergies.de
ISIN: DE000A0LAUP1
WKN: A0LAUP
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, München, Stuttgart
End of Announcement DGAP News-Service