04.05.2016
VERBIO Vereinigte BioEnergie AG DE000A0JL9W6
DGAP-News: VERBIO Vereinigte BioEnergie AG: VERBIO AG with good business development during the third quarter of the current financial year 2015/2016
DGAP-News: VERBIO Vereinigte BioEnergie AG / Key word(s): 9-month figures
VERBIO Vereinigte BioEnergie AG: VERBIO AG with good business development
during the third quarter of the current financial year 2015/2016
04.05.2016 / 08:00
The issuer is solely responsible for the content of this announcement.
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VERBIO AG with good business development during the third quarter of the
current financial year 2015/2016
- EBITDA increased by 33 percent to EUR 50.5 in the first nine months of
the current financial year 2015/2016
- Earnings in the third quarter 2015/2016 similar to the comparative
period of the previous year due to lower margins
Leipzig, May 4, 2016 - VERBIO AG reports significantly improved results for
the first nine months of the current financial year compared to the
equivalent period in the previous year, although in the third quarter of
the current financial year it was not possible to maintain the trend set in
the second quarter.
Group revenues increased by 7 percent to EUR 479.4 million compared to the
same period in the previous year (9 M 2014/2015: EUR 447.4 million).
Earnings before interest, taxation, depreciation and amortisation (EBITDA)
for the nine-month period amounted to EUR 50.5 million, 33 percent ahead of
the comparative period in the previous year (9 M 2014/2015: EUR 38.1
million). The Group result before taxation and interest (EBIT) in the same
period amounted to EUR 34.9 million, an increase of 62 percent (9 M
2014/2015: EUR 21.5 million). The Group result before tax (EBT) totals EUR
33.8 million (9 M 2014/2015: EUR 18.1 million), and the net result for the
period is EUR 26.1 million (9 M 2014/2015: EUR 16.6 million). Based on the
result for the period, earnings per share is EUR 0.41 (9 M 2014/2015: EUR
0.26).
Development of the Biodiesel, Bioethanol, and Other segments
The primary drivers of earnings growth in the first half year were the high
margins for bioethanol, especially in the second quarter, continued high
sales volumes in biodiesel and bioethanol, as well as high levels of
capacity usage for the biomethane production plant. However, the third
quarter of the current financial year was again characterised by
significantly lower margins, and accordingly the results in the third
quarter of the current financial year were largely comparable with the
equivalent period in the previous year. The production volume of biodiesel
and bioethanol in the period July 1, 2015 to March 31, 2016 totalled
510,130 tonnes, compared to 510,222 tonnes in the same period in the
previous year. In addition, 396.5 GWh of biomethane were produced in the
first nine months of the financial year 2015/2016 (9 M 2014/2015: 334.1
GWh), an increase of 19 percent compared to the same period in the previous
year.
Detailed information on business developments in the first nine months of
the current financial year 2015/2016 are provided in the quarterly
statement for the period ended March 31, 2016. The report can be viewed
from 9 a.m. on Verbio's website 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 450,000 tonnes of biodiesel, 260,000 tonnes of bioethanol
and 480 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 judgements made by the management of VERBIO Vereinigte
BioEnergie AG. Although the Company's management is of the opinion that
those assumptions and estimations are realistic, actual future developments
and future actual 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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04.05.2016 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.
Media archive at www.dgap-medientreff.de and 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
End of News DGAP News Service
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