VERBIO sells a part of its non-core wind park business

Leipzig/Zörbig, February 9, 2010: VERBIO Vereinigte BioEnergie AG (VERBIO) sold eight of its total fifteen wind mills. Besides the own wind mills, VERBIO operates 51 leased ones, whereof the leasing contracts for 23 wind mills expired with the turn of the year 2009/2010.

In 2008, VERBIO achieved revenues from the feed-in of generated electricity by wind mills in the amount of EUR 20.1 million and an EBIT of EUR 0.9 million. As of September 30, 2009 revenues stood at EUR 12.2 million (30.09.2008: EUR 14.2 million) and in the same period EBIT amounted to EUR 0.2 million (30.09.2008: EUR 0.5 million). With the sale of five wind mills in the fourth quarter 2009, VERBIO achieved earnings of EUR 2.2 million. Tree further plants have been sold in January 2010 generating profit of EUR 0.5 million.  

“The operation of wind parks does not belong to VERBIO’s core business. Because of the fact, that the interest of investors to get involved in the renewable energies market, especially in the wind sector, is very high at the moment, we take advantage of this favourable situation to sell our own plants.”, said Claus Sauter, CEO of the VERBIO AG.    

Contact:

VERBIO Vereinigte BioEnergie AG
Anna-Maria Schneider (IR)
Sandra Haacker (PR)
Augustusplatz 9
04109 Leipzig

Phone: +49 341 30853090
Fax: +49 341 30853099

About VERBIO Vereinigte BioEnergie AG (VERBIO)
VERBIO is one of the leading producers and suppliers of biofuels and also the only industrial-scale producer of biodiesel and bioethanol in Europe. Nominal capacity amounts to around 450,000 tons of biodiesel and 300,000 tons of bioethanol per year. Currently, VERBIO is realizing biogas projects to make use of the residual materials of the bioethanol production. The company has developed its own processes and innovative technologies for the production of biodiesel, bioethanol and biogas. It supplies its products directly to European mineral oil corporations, mineral oil traders, independent gas stations and haulage companies. VERBIO AG also markets high-quality pharmaglycerin for the consumer goods and cosmetic industries (glycerine is a by-product of biodiesel production). Within the Group, VERBIO AG acts as the management holding company. The Group’s operating business is run by its subsidiaries: VERBIO Diesel Bitterfeld GmbH & Co. KG, VERBIO Diesel Schwedt GmbH & Co. KG, VERBIO Ethanol Zörbig GmbH & Co. KG, and VERBIO Ethanol Schwedt GmbH & Co. KG.