30.04.2018
VERBIO Vereinigte BioEnergie AG DE000A0JL9W6
DGAP-Adhoc: VERBIO Vereinigte BioEnergie AG: VERBIO adjusts its earnings forecast for financial year 2017/2018 following weak third quarter.
DGAP-Ad-hoc: VERBIO Vereinigte BioEnergie AG / Key word(s): Change in
Forecast
VERBIO Vereinigte BioEnergie AG: VERBIO adjusts its earnings forecast for
financial year 2017/2018 following weak third quarter.
30-Apr-2018 / 16:00 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation
(EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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VERBIO adjusts its earnings forecast for financial year 2017/2018 following
weak third quarter.
Zörbig/Leipzig, April 30, 2018 - The ongoing imports of subsidized biodiesel
from Argentina and Indonesia have led to a greater decline in prices in the
third quarter 2017/2018 than previously expected. Furthermore, prices for
bioethanol are persistently low. The Management Board believes that pressure
on prices will continue in the fourth quarter 2017/2018 for biodiesel and
bioethanol as well, since any changes of the current situation in the short
term are not likely.
Based on the current level of sales and raw material prices, the Management
Board expects to achieve an EBITDA of approximately EUR 40 million in the
financial year 2017/2018. The net cash by the end of the financial year
shall be approximately EUR 85 million. In its most recent previous forecast
the Company had expected EBITDA of approximately EUR 50 million and Net-Cash
of EUR 100 million. As expected the production facilities will operate with
a high utilization rate till the end of the financial year.
All the key figures will be published with the interim report as of 31.
March 2018 (third quarter 2017/2018) as scheduled on May 9, 2018.
Contact:
VERBIO Vereinigte BioEnergie AG
Ritterstraße 23 (Oelßner's Hof)
04109 Leipzig
Olaf Tröber
Investor Relations
Phone: +49(0)341/308530-251
Fax: +49(0)341/308530-298
Email: [email protected]/[email protected]
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Information and Explanation of the Issuer to this News:
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
470,000 tons biodiesel, 260,000 tons bioethanol and 600 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, VERBIO
Diesel Schwedt GmbH, VERBIO Ethanol Schwedt GmbH & Co. KG, VERBIO Ethanol
Zörbig GmbH & Co. KG and VERBIO Agrar 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 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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30-Apr-2018 CET/CEST 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 Announcement DGAP News Service
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680949 30-Apr-2018 CET/CEST
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