VERBIO AG increases sales, mainly due to strong biodiesel business, to EUR 143 million and gains positive period result
EBIT in the amount of EUR 3.2 million achieved; Very promising market introduction of verbiogas for public utilities, Guidance for 2011 confirmed
VERBIO with good second quarter - stabilisation of results - biofuel sales increased by 16 per cent - outlook confirmed
Leipzig/Zörbig, August 12, 2010: VERBIO Vereinigte BioEnergie AG increased its biofuel sales to the domestic blending market with 264,279 tons corresponding to 16 per cent compared to the half-year 2009. In the first six months of 2010 sales were reached in the amount of EUR 243.1 million (1 HY 2009: 247.0 million). The Group result (EBIT) stood at EUR 7.7 million (1 HY 2009: -11.2 million). The improvement in EBIT in the amount of EUR 18.9 million mainly results from the bioethanol and the energy segment. In the bioethanol segment the result primarily increased due to improved yields and significant cost reductions. In the energy segment the sale of seven wind power plants (EUR 4.5 million) contributed to that outstanding result. The result for the period amounted EUR 5.4 million after EUR -16.2 million in the first half-year 2009. The Management Board still expects a significant increase in sales and positive earnings before interest and tax (EBIT) in the higher single-digit euro region in the financial year 2010.
Leipzig/Zörbig, May 12, 2010: VERBIO Vereinigte BioEnergie AG achieved revenues of EUR 111.5 million (Q1 2009: EUR 122.0 million) in the first quarter of 2010. Although, revenues were about EUR 10.5 million below the value of the first quarter of 2009, the earnings position has improved significantly.
Leipzig/Zörbig, March 24, 2010 – In the 2009 financial year Vereinigte BioEnergie AG (VERBIO) achieved sales of EUR 501.7 million, which was nearly 25 percent below the previous years value (2008: EUR 666.6 million) due to demand development and pricing. The Group’s operating profit (EBIT) was EUR -3.0 million (2008: EUR 13.9 million). Besides the decline in sales, high cost of materials, which could only partially be transferred into the market, have burdened the result. The total result for the period disclosed amounts to EUR -7.3 million (2008: EUR 9.1 million). Hence earnings per share (basic and diluted) are EUR -0.12 (2008: EUR 0.15 per share).
Leipzig, February 2, 2010 – The master agreement about the delivery of rye, which is acknowledged between the Landesbauernverbänden (national farmers’ unions) Brandenburg, Saxony-Anhalt and Saxony as well as VERBIO Vereinigte BioEnergie AG, generated in a short time first contracts with farmers.