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Mannheim, 16 July 2019 – In today’s meeting, the supervisory board of CropEnergies AG, Mannheim, has appointed Dr Fritz Georg von Graevenitz (41) as a member of the Executive Board with effect from 1 October 2019. He is to succeed Michael Friedmann (64)as Chief Sales Officer. Friedmann will retire in the spring of 2020 when his current appointment to the executive board ends.
Mannheim, 16 July 2019 – The shareholders of CropEnergies AG, Mannheim, approved by a large majority the proposal of the supervisory board and the executive board to distribute EUR 0.15 (previous year: EUR 0.25) per share entitled to dividend. This results in a total payout of EUR 13.1 million.
Mannheim, 10 July 2019 – CropEnergies AG, Mannheim, has generated revenues of EUR 203 (previous year: EUR 192) million in the 1st quarter of the financial year 2019/20 (1 March – 31 May 2019). Thanks to recovered ethanol prices, operating profit with EUR 15.2 (previous year: EUR 4.6) million was significantly higher than the previous year’s. EBITDA reached EUR 25.8 (previous year: EUR 14.3) million.
Mannheim, 15 May 2019 – CropEnergies AG, Mannheim, has generated revenues of EUR 779 (previous year: EUR 882) million in the financial year 2018/19 (1 March 2018 – 28 February 2019). Operating profit reached EUR 33 (previous year: EUR 72) million and EBITDA EUR 72 (previous year: EUR 111) million. The main reasons for the lower results were the lower ethanol prices as well as higher raw material and energy costs.
Mannheim, 9 January 2019 – In the first nine months of the financial year 2018/19, revenues and earnings of CropEnergies AG, Mannheim, were below the previous year’s, as expected. Revenues dropped to EUR 596.1 (previous year: EUR 678.9) million. The 3rd quarter contributed EUR 202.9 (previous year: EUR 219.1) million.
Mannheim, 14 December 2018 – Due to unexpectedly strong increases in ethanol prices in Europe in the last few weeks, CropEnergies AG, Mannheim, increases its outlook for the 2018/19 financial year. While the ethanol price was quoted at around € 475/m³ in mid-October, it rose to around € 615/m³ by mid-December. Price changes are directly reflected in the results.
Mannheim, 22 October 2018 – CropEnergies AG, Mannheim, adjusts its outlook for the current financial year 2018/19 due to ethanol prices – both spot and forward prices – which have significantly fallen in the last few days contrary to all expectations.
Mannheim, 10 October 2018 – CropEnergies AG, Mannheim, has achieved an operating profit of EUR 9.6 (previous year: EUR 23.7) million in the 2nd quarter 2018/19 according to final figures. Compared to the 1st quarter of the current financial year, this is an increase of EUR 5 million. In total, operating profit of the 1st half 2018/19 reached EUR 14.2 million and is thus significantly below the achieved operating profit of EUR 47.3 million in the previous-year period.
Mannheim, 14 September 2018 – CropEnergies AG, Mannheim, has achieved, according to preliminary figures, an operating result of EUR 9.3 (previous year: EUR 23.7) million in the 2nd quarter 2018/19. Compared to the 1st quarter of the current financial year, this is an increase of EUR 4.7 million. Altogether, the operating result of 1st half 2018/19 reaches EUR 13.9 million and is significantly below the achieved operating result of EUR 47.3 million in the previous-year period, as expected.
Mannheim, 17 July 2018 - The shareholders of CropEnergies AG, Mannheim, will receive a dividend of EUR 0.25 (previous year: 0.30) per share entitled to dividend. At today’s annual general meeting, they approved the dividend proposal of the supervisory board and the executive board by a large majority. The total dividend payout amounts to EUR 21.8 million.