Ad hoc Announcements
Publication of an ad-hoc release in accordance with Section 15 of the German Securities Trading Act (WpHG)
VERBIO: Bioethanol business in 2007 clearly below expectations, continuing margin pressure in the biodiesel business
VERBIO Vereinigte BioEnergie AG anticipates at present that in 2007 the cumulated results of the previous year won’t be achieved. The Board of Management raised concerns that the Group-EBIT in 2007 will be in the single-digit million EUR range.
VERBIO Vereinigte BioEnergie AG plans to build a bioethanol facility in the seaport of Rostock in 2007. The company intends to construct a plant with an annual capacity of 200,000 tons of ethanol. The total investment sum is expected to be around EUR 100 million.
VERBIO publishes figures for first nine months of 2006 Strong growth in sales and earnings compared with 2005
VERBIO Vereinigte BioEnergie AG (ISIN DE000A0JL9W6), one of Europe’s leading producers and suppliers of biofuels, today reported strong growth in sales and earnings for the first nine months of its fiscal year 2006.