04.05.2015 | Ad hoc announcements
VERBIO increases its earnings forecast for 2014/2015. Best operating result for full financial year expected since going public.
Zörbig/Leipzig, May 4, 2015 – Based on preliminary financial figures as of March 31, 2015, VERBIO Vereinigte BioEnergie AG reports an increase of EBITDA to EUR 38.1 million (9 M 2013/2014: EUR 28.9 million) and EBIT to EUR 21.5 million (9 M 2013/2014: EUR 12.4 million) in the first nine months of the current financial year 2014/2015. Net debt decreased further to EUR 9.9 million (30.06.2014: EUR 23.1 million).
For the full financial year 2014/2015 the Management Board currently expects EBITDA to be between EUR 48 million and EUR 52 million and EBIT to be in the range of EUR 26 million and EUR 30 million. In its most recent previous forecast the Company had expected EBITDA of between EUR 36 million and EUR 44 million and EBIT of between EUR 14 million and EUR 22 million. Accordingly, VERBIO expects to archive the best operating result in financial year 2014/2015 since going public.
The updated earnings guidance is necessary following the strong third quarter as well as the current high level of orders for the next three months in connection with excellent bioethanol margins.
All the key figures will be published with the interim report for the nine months 2014/2015 as scheduled on May 7, 2015.
Information about VERBIO Vereinigte BioEnergie AG (VERBIO)
VERBIO is one of the leading independent producers and providers of biofuels and is at the same time the only large industrial producer of biodiesel, bioethanol and biomethane in Europe. The production capacity is at a rounded 450,000 tons biodiesel, 260,000 tons bioethanol and 480 gigawatt hours biomethane per year. In the production of its highly efficient fuels, the company uses energy-saving production processes and innovative technologies of own development. The biofuels of VERBIO achieve CO2 reductions of up to 90 percent compared to petrol or diesel. VERBIO delivers its products directly to the European mineral oil conglomerates, mineral oil trading companies, independent gas stations, freight forwarders, municipal utilities and vehicle fleets. In addition, VERBIO markets high-quality pharma glycerine for the consumer goods and cosmetics industry (glycerine is gained as a by-product in biodiesel production). Within the group, VERBIO Vereinigte BioEnergie AG acts as Management Holding. The operative business is exercised by the 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. The VERBIO stock (ISIN DE000A0JL9W6 / WKN A0JL9W) has been listed at the Prime Standard of the Frankfurt stock exchange since October 2006.
This publication contains certain forward-looking statements concerning the VERBIO group of companies. The forward-looking statements contained herein represent the judgment of VERBIO as of the date of this release and involve risks and uncertainties. Should actual conditions differ from the Company's assumptions, actual results and actions may differ from those anticipated. VERBIO does not intend to update any of these forward-looking statements as far as the wording of the relevant publication is concerned.
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