VERBIO expects better results not before 2008 2007 burdened with weak demand of ethanol despite of mandatory blending, continuing margin pressure in the biodiesel business
VERBIO Vereinigte BioEnergie AG (ISIN DE000A0JL9W6), one of the leading producers and suppliers of biofuels in Europe anticipates sales and earnings in 2007 substantially below the previous year’s figures. The businesses will not improve before 2008. However for 2006 the operating results were fully achieved.
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.