VERBIO Vereinigte BioEnergie AG adjusts forecast for financial year 2011- Sales forecast increased; EBITDA and EBIT forecasts lowered

Zörbig/Leipzig, 22 June 2011 – Due to weak sales of bioethanol, VERBIO Vereinigte BioEnergie AG is reducing its results guidance for financial year 2011. The sales contribution will increase to between EUR 650 million and EUR 750 million.

The company expects sales in the EUR 650 million to EUR 750 million range, to generate EBITDA of between EUR 25 million and EUR 30 million and EBIT of between EUR 6 million and EUR 12 million in financial year 2011. At the beginning of the financial year, the company had set a target of between EUR 35 million and EUR 40 million for EBITDA and EBIT of between EUR 15 million and EUR 20 million. One of the assumptions was that bioethanol sales would remain at least at the level of the previous year.

Due to the sluggish implementation of E10 fuel the demand of the petroleum companies in the second quarter 2011 was significantly less than originally planned, resulting in a bioethanol capacity utilisation of nearly 50 per cent. In the meantime situation about E10 has defused and the demand for bioethanol is increasing steadily. Insofar the company assumes full use of bioethanol production capacities and profitable margins in the third and fourth quarter 2011.

In addition, the ramp-up of the biogas plant took more time than originally planned so that in total less biogas was produced. Meanwhile the production is stable. With regards to current political developments, the demand for biogas is significantly higher than originally expected.

Contact:

VERBIO Vereinigte BioEnergie AG
Anna-Maria Schneider
Investor Relations   
Phone: 0049 341 308530-94
Fax: 0049 341 308530-98
Email: ir@verbio.de

Frank Strümpfel
Public Relations
Phone: 0049 341 308530-63
Fax: 0049 341 308530-99
Email: pr@verbio.de

About VERBIO Vereinigte BioEnergie AG (VERBIO)

VERBIO is one of the leading independent producers and suppliers of biofuels and also the only industrial-scale producer of biodiesel, bioethanol and biogas in Europe. Nominal capacity currently amounts to around 450,000 tons of biodiesel, 300,000 tons of bioethanol and 500 gigawatt hours of biogas per year. In the production of its highly efficient fuels, the company uses its own energy-saving production processes and innovative technologies. The biofuels produced by VERBIO achieve CO2 reductions of up to 90% compared with petrol and diesel. VERBIO supplies its products directly to European mineral oil corporations, mineral oil traders, independent petrol stations, haulage companies, public utilities and vehicle fleets. VERBIO AG also markets high-quality pharma- glycerine for the consumer goods and cosmetic industries (glycerine is a by-product of biodiesel production). VERBIO Vereinigte BioEnergie AG acts as the management holding company within the Group. The Group’s operating business is run by its subsidiaries VERBIO Diesel Bitterfeld GmbH & Co. KG, VERBIO Diesel Schwedt GmbH & Co. KG, VERBIO Ethanol Schwedt GmbH & Co. KG, VERBIO Ethanol Zörbig GmbH & Co. KG and Märka GmbH. VERBIO shares (ISIN DE000A0JL9W6 / WKN A0JL9W) have been listed on the Prime Standard of the Frankfurt Stock Exchange since October 2006. 


Important Note

This ad hoc announcement contains forward-looking statements, which are based on assumptions and estimates of the company management of VERBIO Vereinigte BioEnergie AG. Even though the company management believes that these assumptions and estimates are correct, the actual future development and actual future results can deviate substantially from these assumptions and estimates due to many factors. For example, these factors can include alteration of the economic situation, legal and regulatory constraints in Germany and the EU, and changes in the industry. VERBIO assumes no liability and provides no warranty that future developments and actual future results will agree with the assumptions and estimates expressed in this ad hoc announcement.