Mannheim, 17 July 2012 - At the annual general meeting of CropEnergies AG, Mannheim, on 17 July 2012, shareholders approved by a large majority the proposal of the supervisory board and the executive board to increase the dividend by 20 percent to EUR 0.18 (previous year: EUR 0.15) per share.
All other agenda items were also adopted by a clear majority of more than 99 percent. Around 850 shareholders and guests attended the annual general meeting in the Rosengarten in Mannheim. Overall, 83.2 percent of the share capital was represented.
CropEnergies also confirmed the outlook for the 2012/13 financial year. The company continues to expect revenues in the full 2012/13 financial year to grow to more than EUR 600 million and operating profit, despite higher raw material costs, to reach more than EUR 50 million, which will put it close to the previous year's record result.
Shareholders at the annual general meeting were particularly interested in CropEnergies' strategic orientation and growth, its integrated concept for producing food and animal feed products from bioethanol production, the outlook for the current financial year and developments on the bioethanol market.