Ad hoc Announcements
Publication of an ad-hoc release in accordance with Section 15 of the German Securities Trading Act (WpHG)
VERBIO: Preliminary positive operative Group result for 2007 burdened with depreciation and amortisation of stocks in the 4th quarter 2007
Leipzig/Zörbig, January 22, 2008 – VERBIO Vereinigte BioEnergie AG has achieved a preliminary Group-EBIT before special items (resulting from first consolidation) in the single-digit million EUR range in 2007. The result will be stressed by additional arising depreciations of stocks of the bioethanol segment in the 4th quarter 2007 between 10 million EUR to 15 million EUR.
The Management Board of VERBIO Vereinigte BioEnergie AG (VERBIO) decided today to buy back up to two million own shares or up to 3.17 percent of it’s capital stock between October 26, 2007 and latest May 31, 2008.
In the first half of 2007, VERBIO generated consolidated revenues of EUR 203.8 million. The operating result before special items was EUR 5.1 million, corresponding to an EBIT margin of 2.5%; the operating result after special items amounted to EUR 1.1 million (EBIT margin: 0.5%).
VERBIO: Capacity utilisation for biodiesel satisfactory − ethanol business continues to perform significantly below expectations
During the 1st quarter of 2007, VERBIO Vereinigte BioEnergie AG (VERBIO) generated consolidated revenues amounting to EUR 103.1 million. The operating result before special items is EUR 5.3 million, corresponding to an EBIT margin of 5.1%. The operating result after special items amounts to EUR 3.3 million (EBIT margin: 3.2%).
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.