CropEnergies AG — M&A Activity 2013

Jul 30, 2013

News Details

Ad-hoc | 30 July 2013 07:56

CropEnergies adjusts outlook for financial year 2013/14 after acquisition of Ensus

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

30.07.2013 07:56

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Mannheim, 30. July 2013 - On 19 July 2013 CropEnergies AG, Mannheim,
acquired the British bioethanol producer Ensus Limited, Yarm, England. With
the acquisition, CropEnergies increases the annual production capacity by
50 percent to more than 1.2 million cubic metres and strengthens its
position as one of the leading bioethanol producers in Europe. The
production plant in the northeast of England is supposed to start
production in the autumn of 2013. For the whole financial year, the company
thus expects an increase in revenues of 10 to 20 percent compared to the
previous year (EUR 689 million) as a result of the rise in the production
of bioethanol and protein animal feed. Until now, revenues were expected at
the same level as the previous year's. However, operating profit will
initially be reduced by the commissioning of the Ensus plant, which has
been at a standstill since April 2013. For the full financial year 2013/14,
CropEnergies expects an operating profit between EUR 40 and 50 million.
Previously, an operating profit of EUR 50 to 60 million had been expected.

Despite extensive investments in the new bioethanol plant, net financial
debt in the financial year 2013/14 is expected to be below the level
reached on 29 February 2012 of EUR 158 million.

With a production capacity of 400,000 cubic metres of bioethanol and
350,000 tonnes of high-quality protein animal feed per year, the Ensus
plant is one of the largest bioethanol plants in Europe. The production
capacities in the UK complement the company's network which already has
bioethanol plants in Germany, Belgium, and France. CropEnergies expects
Ensus to already make a positive contribution to earnings in the second
year after the acquisition. Due to the current course of expansion,
CropEnergies estimates revenues to increase to EUR 1 billion in the medium
term.

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 800,000 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

30.07.2013 DGAP's 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
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

End of Announcement DGAP News-Service

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