10.11.2016
VERBIO Vereinigte BioEnergie AG DE000A0JL9W6
DGAP-News: VERBIO Vereinigte BioEnergie AG: Good business performance in Q1 2016/2017
DGAP-News: VERBIO Vereinigte BioEnergie AG / Key word(s): Quarterly /
Interim Statement
VERBIO Vereinigte BioEnergie AG: Good business performance in Q1 2016/2017
10.11.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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VERBIO AG: Good business performance in Q1 2016/2017
- EBITDA increased by 11 percent to EUR 16.2 million compared to the same
period in the previous year
- Production utilisation at close to full capacity, new biodiesel and
biomethane production records
Leipzig, November 10, 2016 - VERBIO Vereinigte BioEnergie AG reports
improved results for the first three months of the financial year compared
to the same period in the previous year.
Group revenues increased by 1 percent to EUR 158.0 million compared to the
previous year (Q1 2015/2016: EUR 155.9 million). Earnings before interest,
taxation, depreciation and amortisation (EBITDA) for the first three months
of the financial year 2016/2017 amounted to EUR 16.2 million, 11 percent
ahead of the comparative period in the previous year (Q1 2015/2016: EUR
14.6 million). The Group result before taxation and interest (EBIT) in the
same period amounted to EUR 10.8 million, an increase of 15 percent (Q1
2015/2016: EUR 9.4 million). The result for the period, net of a
significantly higher effective tax rate for the group, amounted to EUR 7.4
million (Q1 2015/2016: EUR 7.9 million). Based on the result for the
period, earnings per share are EUR 0.12 (Q1 2015/2016: EUR 0.12).
Development of the Biodiesel and Bioethanol segments
The improved results in the first quarter of the financial year 2016/2017
compared to the same period in the previous year were primarily driven by
higher Biodiesel margins. On the other hand, lower margins were achieved
for Bioethanol in the first quarter of 2016/2017. Production plant
utilisation was high in both the Biodiesel and the Bioethanol (including
Biomethane) segments. The production volume of biodiesel and bioethanol in
the period from July 1, 2016 to September 30, 2016 totalled 176,767 tonnes,
compared to 169,646 tonnes in the same period in the previous year. In
addition, 141.5 GWh of biomethane were produced in the first three months
of the financial year 2016/2017 (Q1 2015/2016: 132.8 GWh), representing
another record and an increase of 7 percent compared to the same period in
the previous year.
Depending on the results of the feasibility studies being performed on
certain specific locations, VERBIO is planning to construct two new straw
biomethane plants in Germany and in India, each with a thermal capacity of
approximately 10 MW. Local companies have been formed for this purpose.
Detailed information on business developments in the first three months of
the 2016/2017 financial year are provided in the quarterly interim
statement for the period ended September 30, 2016. The report can be viewed
from 9 a.m. on VERBIO's website at www.verbio.de.
Information about VERBIO Vereinigte BioEnergie AG (VERBIO)
VERBIO is one of the leading independent producers and suppliers of
biofuels, and is also the only large-scale producer of biodiesel,
bioethanol and biomethane in Europe. The annual production capacity amounts
to approximately 470,000 tonnes of biodiesel, 260,000 tonnes of bioethanol
and 600 gigawatt hours of biomethane. The Company produces its highly
efficient fuels using internally generated, energy efficient production
processes and innovative technologies. VERBIO's biofuels achieve CO2
reductions of up to 90 percent compared to petrol or diesel. VERBIO
delivers its products directly to European oil companies, oil trading
companies, independent filling 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 manufactured as a by-product in the biodiesel production process).
Within the Group, VERBIO Vereinigte BioEnergie AG acts as a management
holding company. The operative business is conducted 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 VERBIO Agrar GmbH. The VERBIO share (ISIN DE000A0JL9W6/WKN A0JL9W)
has been listed in the prime standard segment of the Frankfurt Stock
Exchange since October 2006.
Important notice
This publication contains forward-looking statements which are based on
assumptions and estimates made by the management of VERBIO Vereinigte
BioEnergie AG. Although the Company's management is of the opinion that
those assumptions and estimates are realistic, actual future developments
and actual future results may differ significantly from these assumptions
and estimates due to a variety of factors. For example, these factors can
include changes to the overall economic climate, changes to the legal and
regulatory framework in Germany and the EU, and changes in the industry.
VERBIO can give no guarantee and accepts no liability as to whether future
development and the results actually achieved in future will match the
assumptions and estimates made in this publication.
Contact:
VERBIO Vereinigte BioEnergie AG
Ritterstraße 23 (Oelßner's Hof)
04109 Leipzig
Olaf Tröber (IR)
Ulrike Kurze (PR)
Phone: +49(0)341/308530-251
Fax: +49(0)341/308530-998
Email: [email protected]/[email protected]
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10.11.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: VERBIO Vereinigte BioEnergie AG
Ritterstraße 23 (Oelßners Hof)
04109 Leipzig
Germany
Phone: +49 (0)341 308530-0
Fax: +49 (0)341 308530-998
E-mail: [email protected]
Internet: www.verbio.de
ISIN: DE000A0JL9W6
WKN: A0JL9W
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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518939 10.11.2016
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