Mannheim, 17 December 2012 - In the first nine months of the current financial year 2012/13 (1 March - 30 November 2012), CropEnergies AG, Mannheim, continued its road to success and increased the revenues by 20 percent to EUR 510 (previous year: 426) million.
The significantly higher production and sales volumes of bioethanol have contributed to this. The operating profit reached EUR 70 (previous year: 43) million. The 3rd quarter alone contributed EUR 33 (previous year: 14) million to this result. The main reason for the growth in earnings were the contributions in operating income from the increase in production and sales volumes, the foresighted hedging of raw materials as well as the increased prices for food and animal feed products.
Due to the good development of the business, CropEnergies again increases its forecast for revenues and profit for the full financial year 2012/13 and expects a rise in revenues to more than EUR 670 (previous year: 572) million. The operating profit is expected to improve more than proportionally to more than EUR 80 (previous year: 53) million.
The report for the first nine months of the financial year 2012/13 will be published on 9 January 2013 and can be downloaded at www.cropenergies.com.