CropEnergies AG — Earnings Release 2012

Jul 10, 2012

News Details

Corporate | 10 July 2012 07:00

CropEnergies reports a strong 1st quarter 2012/13 – Revenues and bioethanol production up 22 percent

CropEnergies AG / Key word(s): Quarter Results/Interim Report

10.07.2012 / 07:00

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Mannheim, 10 July 2012 - CropEnergies AG, Mannheim, continued to grow
dynamically in the 1st quarter of the 2012/13 financial year (1 March 2012
- 28 February 2013). Driven by the growth in bioethanol sales revenues were
up 22 percent to EUR 160.5 million (previous year: EUR 132.1 million).
Despite the higher cost of raw materials, EBITDA at EUR 22.8 million
(previous year: EUR 23.0 million) almost reached the same record level as
in the previous year. Operating profit, too, was only just below the record
level achieved in the previous year at EUR 14.9 million (previous year EUR
15.3 million). Thanks to the significant improvement in the financial
result, CropEnergies increased its net earnings in the 1st quarter of
2012/13 to EUR 9.8 million (previous year EUR 9.7 million). Net financial
debt was significantly reduced by EUR 33.8 million in the 1st quarter to
EUR 124.6 million.

Bioethanol production increased by 22 percent in the 1st quarter of 2012/13
to 192,000 m3 (previous year: 157,000 m3). This growth in production was
due to the improved capacity utilisation at all three production sites.

CropEnergies continues to expect revenues to grow to more than EUR 600
million for the financial year 2012/13. Despite higher raw material costs,
operating profit should reach more than EUR 50 million again, and thus be
close to the previous year's record.

In Germany, E10 is continuing to gain ground. In April 2012, the new petrol
fuel reached a market share of over 15 percent for the first time. Owing to
the growth in E10 sales, demand for bioethanol in Germany also rose
significantly. Between January and April 2012 around 513,000 m3 of
bioethanol were sold for use as fuel. This represents a 14.6 percent
increase over the same period last year.

The full report for the 1st quarter of 2012/13 can be downloaded from the
company's website at www.cropenergies.com.

CropEnergies AG

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.

At the same time, CropEnergies is a major producer of food and animal feed
products. 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.

Contact:
Heike Baumbach
Investor Relations
Tel.: +49 (621) 71 41 90-30
Fax: +49 (621) 71 41 90-03
ir@cropenergies.de

Nadine Dejung
Public Relations / Marketing
Tel.: +49 (621) 71 41 90-65
Fax: +49 (621) 71 41 90-04
presse@cropenergies.de

End of Corporate News

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Language: English
Company: CropEnergies AG
Gottlieb-Daimler-Str. 12
68165 Mannheim
Germany
Phone: +49 (0)621-71 41 90 00
Fax: +49 (0)621-71 41 90 04
E-mail: info@cropenergies.de
Internet: www.cropenergies.com
ISIN: DE000A0LAUP1
WKN: A0LAUP
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart

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