08.05.2013 VERBIO Vereinigte BioEnergie AG  DE000A0JL9W6

DGAP-News: VERBIO Vereinigte BioEnergie AG: Positive outlook for the 4th quarter 2012/2013


 
DGAP-News: VERBIO Vereinigte BioEnergie AG / Key word(s): Quarter Results VERBIO Vereinigte BioEnergie AG: Positive outlook for the 4th quarter 2012/2013 08.05.2013 / 08:16 --------------------------------------------------------------------- - Write-downs in the 3rd quarter 2012/2013 - Strategic realignment of the raw material supply Zörbig/Leipzig, May 8, 2013 - To be more flexible and react quicker to changing market conditions, particularly in terms of the raw material sourcing, the VERBIO Management Board has decided to sell the Märka GmbH. As an alternative, the Management Board is also looking into a sale of particular Märka sites as well as the establishment of a joint venture for Märka. For this reason, as of the balance sheet March 31, 2013, the assets of Märka GmbH and its subsidiaries were classified in a disposal group as held for sale. The following disclosures to the Group therefore contain the continuing operations biodiesel, bioethanol and other; comparative periods were adjusted accordingly. Lower Group sales in the first nine months 2012/2013 due to difficult market conditions For the first nine months of the financial year 2012/2013 VERBIO reports Group sales amounting EUR 533.9 million (9 M 2011/2012: EUR 596.0 million). In this period overall biofuel production was at 376,919 tons (9 M 2011/2012: 442,676 tons) and biomethane at 249,005 MWh (9 M 2011/2012: 181,075 MWh). Based on the lower capacity utilization cost of materials were at EUR 491.9 million (9 M 2011/2012: EUR 542.3 million). Taking into account the balance sheet changes for unfinished and finished products gross margin stood at EUR 30.6 million (9 M 2011/2012: EUR 55.9 million). The earnings before interest, tax and depreciations (EBITDA) came to an overall amount of EUR -0.8 million (9 M 2011/2012: EUR 26.3 million). In the result of the impairment test carried out on March 31, 2013 depreciations on goodwill and customer relationships in the biodiesel segment and on tangible fixed assets in the bioethanol segment amounting to EUR 102.3 million were recognized - without effects on liquidity. Furthermore the earnings before interest and taxes (EBIT) were burdened by EUR 10.8 million from lesser proceeds from the sale of biofuel quotas in the third quarter. The EBIT was therefore at EUR - 120.1 million (9 M 2011/2012: EUR 10.0 million). The financial result remained nearly unchanged at EUR -2.9 million compared to EUR -3.0 million in the comparative period. The group earnings before tax (EBT) for the operations to be continued were EUR -123.1 million (9 M 2011/2012: EUR 7.0 million); the period result was EUR -123.1 million, too (9 M 2011/2012: EUR 6.2 million). This results in earnings per share (undiluted/diluted) of EUR -1.95 (9 M 2011/2012: EUR 0.10). Cost saving measures being put in place - strategic realignment of the raw material supply Due to persisting legal uncertainties on the further goals for biofuels in Germany and the EU, successful implementation of new investments is not assured. Against this background, in December 2012, the Management Board stopped all investment plans and announced and implemented a cost-savings program envisaging savings of EUR 5 million in the 2012/2013 financial year. Furthermore, VERBIO will not stick to its present strategy of a seasonal and regional raw material sourcing via a subsidiary. Positive developments in the fourth quarter 2012/2013 expected - Outlook for the 2013/2014 financial year largely depends on the amendment of the changes of the renewable energy sources directive The Management Board expects to be able to accomplish a positive operating result in the fourth quarter of the financial year 2012/2013. The planned measures will lead to a reduction of corporate debt (working capital) by more than EUR 100 million as well as to improved profitability - while maintaining an equity ratio of app. 50 per cent. Detailed information on the business development of the first nine months of the 2012/2013 financial year is published in the 9-months report 2012/2013, available today at noon on www.verbio.de. 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 nominal capacity is at a rounded 450,000 tons biodiesel, 300,000 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. Important notice This Corporate News contains forward-looking statements, which are based on assumptions and estimates of the company management of VERBIO Vereinigte BioEnergie AG. Although the company management is of the opinion that these assumptions and estimates are accurate, the actual future development and actual future results may differ significantly from these assumptions and estimates due to various factors. Among these factors may be, for example a change in the overall economic situation, legal and regulatory framework conditions in Germany and the EU, as well as changes within the industry. VERBIO does not assume any guarantee or liability for the consistency of the future development and the actual results achieved in the future with the assumptions and estimates expressed in this Corporate News. End of Corporate News --------------------------------------------------------------------- 08.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: VERBIO Vereinigte BioEnergie AG Augustusplatz 9 04109 Leipzig Germany Phone: +49 (0)341 30 85 30 290 Fax: +49 (0)341 30 85 30 298 E-mail: [email protected] Internet: www.verbio.de ISIN: DE000A0JL9W6 WKN: A0JL9W Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 210186 08.05.2013


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 685,90 779,32 872,40 1.026,04 1.812,48 1.968,28 1.790,00
EBITDA1,2 44,80 95,13 122,15 166,32 503,33 240,32 135,00
EBITDA-Marge3 6,53 12,21 14,00 16,21 27,77 12,21
EBIT1,4 22,41 73,69 91,93 136,63 462,02 198,75 85,00
EBIT-Marge5 3,27 9,46 10,54 13,32 25,49 10,10 4,75
Jahresüberschuss1 15,10 51,70 63,79 93,55 315,83 132,16 56,00
Netto-Marge6 2,20 6,63 7,31 9,12 17,43 6,71 3,13
Cashflow1,7 11,08 44,33 71,68 117,18 325,03 26,09 0,00
Ergebnis je Aktie8 0,24 0,84 1,01 1,47 4,97 2,08 0,88
Dividende8 0,20 0,20 0,20 0,20 0,20 0,20 0,20
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Grant Thornton

INVESTOR-INFORMATIONEN
©boersengefluester.de
Verbio
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0JL9W 20,500 Halten 1.302,10
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
12,06 18,41 0,63 14,01
KBV KCV KUV EV/EBITDA
1,45 49,90 0,66 5,38
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
0,20 0,10 0,49 02.02.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
09.11.2023 08.02.2024 14.05.2024 26.09.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
1,83% -35,69% -31,39% -52,61%
    
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