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DGAP-Adhoc: CropEnergies increases earnings outlook for financial year 2019/20

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DGAP-Ad-hoc: CropEnergies AG / Key word(s): Forecast/Change in Forecast
CropEnergies increases earnings outlook for financial year 2019/20

14-Aug-2019 / 13:17 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Mannheim, 14 August 2019 - In view of the increased sales price for
renewable ethanol, which is a sustainable alternative to fossil petrol,
CropEnergies AG, Mannheim, adjusts its outlook for the current financial
year 2019/20. Operating profit is expected to increase significantly and to
lie in a range of EUR 50 to EUR 75 (previously expected: EUR 30 to EUR 70)
million. This corresponds to an EBITDA of EUR 90 to EUR 120 (previously
expected: EUR 70 to EUR 115) million.

CropEnergies furthermore expects revenues of EUR 820 to EUR 860 (previously
expected: EUR 820 to EUR 900) million for the full financial year 2019/20.

*CropEnergies AG*

Clean mobility - today and in the future - is CropEnergies' business.
Founded in Mannheim, Germany, in 2006, the member of the Südzucker Group is
the leading European manufacturer of sustainably produced ethanol. With its
annual production capacity of 1.3 million cubic meters in its German,
Belgian, UK and French facilities, CropEnergies produces ethanol which
predominantly replaces petrol. The highly efficient production facilities
reduce CO2 emissions by over 70 percent on average across the whole
value-added chain, compared to fossil fuel.

In addition to fuel alcohol, CropEnergies produces 150,000 cubic meters of
high-purity neutral alcohol which is used in the beverage, cosmetics, and
pharmaceutical industry or for technical applications.

The use of local agricultural raw materials also results in more than 1
million tonnes of high-quality protein food and animal feed every year.

Through advanced technology and innovation CropEnergies contributes to
ensure a sustainable mobility from renewable sources today and in the future
through its main product ethanol: mobility - sustainable. renewable.

The CropEnergies AG (ISIN DE000A0LAUP1) is listed at the regulated market
(Prime Standard) at the Frankfurt Stock Exchange.

*Contact*

Heike Baumbach
Investor Relations
Tel.: +49 (621) 71 41 90-30
Fax: +49 (621) 71 41 90-03
ir@cropenergies.de

Nadine Dejung-Custance
Public Relations / Marketing
Tel.: +49 (621) 71 41 90-65
Fax: +49 (621) 71 41 90-05
presse@cropenergies.de

14-Aug-2019 CET/CEST The DGAP Distribution Services include Regulatory
Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: CropEnergies AG
Maximilianstr. 10
68165 Mannheim
Germany
Phone: +49 (0)621-71 41 90 00
Fax: +49 (0)621-71 41 90 04
E-mail: info@cropenergies.de
Internet: www.cropenergies.com
ISIN: DE000A0LAUP1
WKN: A0LAUP
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich,
Stuttgart, Tradegate Exchange
EQS News ID: 857635

End of Announcement DGAP News Service

857635 14-Aug-2019 CET/CEST



(END) Dow Jones Newswires

August 14, 2019 07:17 ET ( 11:17 GMT)
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