CropEnergies AG — Earnings Release 2015

Sep 22, 2015

News Details

Ad-hoc | 22 September 2015 08:40

CropEnergies once more increases outlook for financial year 2015/16 after successful 1st half

CropEnergies AG / Key word(s): Half Year Results/Change in Forecast

22.09.2015 08:40

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Mannheim, 22 September 2015 - As expected, the revenues of CropEnergies AG,
Mannheim, have decreased slightly to EUR 390 (previous year: EUR 405)
million in the 1st half of the financial year 2015/16 (1 March - 31 August
2015). However, operating profit reached EUR 40 (previous year: EUR -4)
million which was the best result of a 1st half in CropEnergies' history.
The main reason for the increase in earnings were significantly higher
bioethanol prices in Europe. Improvements in the cost structure due to the
pause in production of the plant in Wilton, UK, have also contributed to
better results. After taking into consideration restructuring results of
EUR -9 (previous year: EUR 0) million, the income from operations reached
EUR 31 (previous year: EUR -5) million.

Following improved price levels in the European bioethanol market,
CropEnergies noticeably increases its outlook for the full financial year
2015/16 once more and now expects an operating profit (before restructuring
costs and special items) in the range of EUR 50 to EUR 70 (previous year:
EUR-11 million. Revenues are expected to decrease compared to the previous
year, reaching between EUR 700 and EUR 750 (previous year: EUR 827)
million.

The full report for the 1st half 2015/16 will be published on 8 October
2015.

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 production capacities of 1.2 million cubic meters of
bioethanol per year, CropEnergies produces bioethanol which predominantly
replaces petrol in four modern production facilities in Germany, Belgium,
the UK, and France. The highly efficient production facilities reduce CO2
emissions by up to 70 percent across the whole value-added chain compared
to fossil fuel. With the production sites, the unique logistics network in
Europe as well as trading offices in the USA and Brazil, CropEnergies is
one of the leading companies in a major emerging market.

At the same time, CropEnergies is an important 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, more than 1 million 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

22.09.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: CropEnergies AG
Maximilianstr. 10
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: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart

End of Announcement DGAP News-Service

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