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Mannheim, 20 November 2023, 19:10 Uhr CET – CropEnergies AG, Mannheim, will take over the business activities of EthaTec GmbH, Weselberg, via its recently founded subsidiary CE Advanced Bioenergies GmbH. A contract for the acquisition of personnel and tangible assets ("asset deal") was signed on 17 November 2023. The transaction is expected to be finalised ("closing") in the coming months.
Mannheim, 17 October 2023 – CropEnergies AG and Oktan GmbH have put the first pump for Super E20 into operation at a public filling station. The trial with the test fuel at the fleets of Südzucker AG, CropEnergies AG, BENEO GmbH and BENEO Palatinit GmbH at the Mannheim location is intended to show how more climate protection can be achieved immediately with existing infrastructure and at an acceptable price.
Mannheim 11 October 2023 – In the 2nd quarter of the financial year 2023/24 (1 June - 31 August 2023), CropEnergies AG, Mannheim, Germany, generated revenues of EUR 309 (previous year: EUR 450) million. EBITDA sank to EUR 31 (previous year: EUR 103) million, operating profit decreased to EUR 20 (previous year: EUR 93) million.
Mannheim / Magdeburg / Zeitz, 13. September 2023
GETEC Group will build a plant for climate-neutral energy supply and the supply of e.g. steam and compressed air on the site of the Zeitz Chemical and Industrial Park in Elsteraue for CE Biobased Chemicals GmbH (CEBC), a 100% subsidiary of CropEnergies AG.
Mannheim, 25 July 2023 – CropEnergies AG, Mannheim, will invest more than EUR 100 million into various projects in the production site of its subsidiary Ensus UK Ltd. in Wilton, UK, over the next years. The investments will enhance the overall profitability of the site as well as its competitiveness, reduce CO2 emissions and strengthen its position on the European ethanol and protein markets.
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, 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.