CropEnergies with record result for financial year 2021/22
Mannheim, 4 April 2022, 12:30 CEST – The executive board of CropEnergies AG, Mannheim, has decided – subject to a corresponding resolution by the supervisory board (expected on 16 May 2022) – to propose to the annual general meeting a dividend of EUR 0.45 (previous year: EUR 0.35) per share for the financial year 2021/22 (1 March 2021 – 28 February 2022). The Annual General Meeting is scheduled to take place in virtual form on 12 July 2022.
In the financial year 2021/22, CropEnergies generated the best result since the foundation of the company, according to preliminary figures. Revenues increased significantly compared to the previous year and reached EUR 1,075 (previous year: EUR 833) million. Operating profit improved significantly as well and reached EUR 127 (previous year: EUR 107) million, EBITDA EUR 169 (previous year: EUR 148) million. The main reason for the record result was the sharp increase in ethanol sales prices in the 2nd half of the financial year, which more than compensated for the increase in raw material and energy costs.
The full report for the 2021/22 financial year will be published on 18 May 2022.
Sustainable, renewable products made from biomass – that is what CropEnergies stands for. Our products contribute to a climate-friendly world and ensure that fossil carbons remain in the ground permanently and do not continue to drive climate change.
Founded in Mannheim in 2006, the member of the Südzucker Group is the leading European producer of renewable ethanol. With a production capacity of 1.3 million m3 of ethanol per year, CropEnergies produces neutral alcohol as well as technical alcohol (ethanol) for a wide range of applications at locations in Germany, Belgium, the UK, and France: Sustainably produced ethanol as a petrol substitute is an answer to the future challenges of climate-friendly energy supply in the transport sector. Thanks to highly efficient production plants, our ethanol reduces CO2 emissions by an average of more than 70% across the entire value chain compared to fossil fuel. Our high-quality alcohol is also used in beverage production, cosmetics, pharmaceutical applications, for example as a basis for disinfectants, or as a raw material for innovative biochemicals.
Equally important are the resulting protein food and animal feed products as a sustainable regional alternative to emission-intensive protein imports from overseas, as well as biogenic carbon dioxide. It is used in beverage production, among other things, and will be a valuable raw material for a wide range of applications in transport and industry in the future. Thus, all raw material components are utilised in our circular economy.
CropEnergies AG (ISIN DE000A0LAUP1) is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange.