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DGAP-Adhoc: CropEnergies increases forecast after strong 1st quarter 2017/18

| Quelle: Dow Jones Newswire Web
===

DGAP-Ad-hoc: CropEnergies AG / Key word(s): Forecast/Change in Forecast
CropEnergies increases forecast after strong 1st quarter 2017/18

19-Jun-2017 / 10:17 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by
DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Mannheim, 19 June 2017 - CropEnergies AG, Mannheim, has - according to
preliminary results - increased revenues and results significantly in the
1st quarter of the current financial year 2017/18 (1 March 2017 - 28
February 2018). Revenues increased by 38 percent to EUR 231 (previous year:
EUR 168) million, while operating profit improved by 21 percent to EUR 23.5
(previous year: EUR 19.4) million.

The main reason for the improved operating profit was the high utilization
of all production facilities. In the 1st quarter of the previous year, the
production plant in Wilton, UK, was still temporarily shut down. Also, the
realized ethanol prices were above the originally expected forward prices
for the 1st quarter.

CropEnergies takes this opportunity to increase the forecast of the
financial year 2017/18. Revenues are expected in a range of EUR 850 and EUR
900 (previous forecast: EUR 800 to EUR 875) million while operating profit
is expected to reach between EUR 50 and EUR 90 (previous forecast: EUR 40 to
EUR 80) million.

The full report for the 1st quarter 2017/18 will be published on 12 July
2017.

*CropEnergies AG*

Ensuring mobility in a climate friendly way - 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 bioethanol today. With its production capacities of 1.3 million
cubic meters of bioethanol per year, CropEnergies produces bioethanol which
predominantly replaces petrol in four modern production facilities in
Germany, Belgium, the UK, and France. The highly efficient production
facilities reduce CO2 emissions by approximately 70 percent on average
across the whole value-added chain compared to fossil fuel.

In addition to fuel alcohol, CropEnergies also produces 150,000 cubic meters
of high-purity neutral alcohol which is used in the beverage, cosmetics, and
pharmaceutical industry or for technical applications. At the same time,
CropEnergies is an important producer of food and animal feed products. The
raw materials which are used such as cereals and sugar beets are completely
utilized. As a result, more than 1 million tonnes of high-quality protein
food and animal feed products are manufactured every year out of the
non-fermentable components of the raw materials.

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

The CropEnergies AG (ISIN DE000AOLAUP1) has been listed at the regulated
market (Prime Standard) at the Frankfurt Stock Exchange since 2006.

*Contact:*
Dr. Lilia Filipova-Neumann
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 90-04
presse@cropenergies.de

19-Jun-2017 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

End of Announcement DGAP News Service

583945 19-Jun-2017 CET/CEST


===
(END) Dow Jones Newswires

June 19, 2017 04:17 ET (08:17 GMT)

CROPENERGIES

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EUR 18.08.2017 -0,19

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