VERBIO AG: Results for the first half of the financial year 2019/2020 above expectations.

With increased production and sales volumes over the first half-year 2019/2020 as a whole, the Group’s revenues increased by 15 percent to EUR 436.6 million (1 HY 2018/2019: EUR 380.2 million).

VERBIO AG Annual General Meeting: The most successful financial year in the Company’s history. VERBIO consistently pursuing its innovation and growth strategy.

At today’s annual general meeting of shareholders held in Leipzig the Management Board of VERBIO Vereinigte BioEnergie AG commented on the reported figures for the financial year 2018/2019.

VERBIO increases EBITDA earnings forecast for the financial year 2019/2020 from initially planned EUR 65 million to EUR 110 million.

Zörbig/Leipzig, January 22, 2020 – Based on the current level of sales and raw material prices as well as the sales contracts already concluded, the Management Board expects to achieve an EBITDA of approximately EUR 110 million...