VERBIO Vereinigte BioEnergie: Improved competitive position and an increase in demand resulting in higher capacity utilisation and rise in sales
Leipzig/Zörbig, 14 November 2008 – VERBIO Vereinigte BioEnergie AG, one of the leading producers and suppliers of biofuels, increased Group sales in the first nine months of fiscal year 2008 by nearly 60 per cent to EUR 490.6 million compared to last year’s Group sales of EUR 307.1 million. In the reporting period a total of 389,053 tonnes (9 months 2007: 371,705 tonnes) of biofuels were produced, a plus of almost five per cent. The cost of materials amounted to EUR 431.1 million (9 months 2007: EUR 267.1 million). Gross profit rose by 23.9 per cent to EUR 56.2 million (9 months 2007: EUR 45.4 million). The operating Group result (EBIT) ran to EUR 15.1 million (9 months 2007: EUR 1.5 million) and includes profit of commodity futures of EUR 2.2 million (9 months 2007: EUR 0.0 million).
As of 30 September 2008 VERBIO disposes of liquid funds of EUR 67.3 million (31.12.2007: EUR 57.1 million).
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