DGAP-News: VERBIO Vereinigte BioEnergie AG / Key word(s): Half Year Results/Quarterly / Interim Statement
VERBIO AG: First half year of 2020/2021 ends with further significant increases in production levels and earnings
- EUR 80.4 million EBITDA, up 49.2 percent compared to the same period in the previous year
- Biomethane plants in the USA and India in operation from autumn 2021
Leipzig, February 4, 2021 - VERBIO AG reports a further increase in results for the first six months of the current financial year 2020/2021 compared to the same period in the previous year.
Group revenues increased by 9.7 percent to EUR 479.1 million compared to the same period in the previous year (1 HY 2019/2020: EUR 436.6 million). Earnings before interest, taxation, depreciation and amortisation (EBITDA) for the first six months of the financial year 2020/2021 amounted to EUR 80.4 million, significantly higher than in the comparative period in the previous year (1 HY 2019/2020: EUR 53.9 million). The Group result before interest and taxes (EBIT) totalled EUR 65.0 million (1 HY 2019/2020: EUR 39.9 million). The net result amounted to EUR 44.2 million (1 HY 2019/2020: EUR 25.3 million). Based on the result for the period, earnings per share are EUR 0.70 (1 HY 2019/2020: EUR 0.40).
Development of the Biodiesel and Bioethanol segments
The first half year 2020/2021 was characterised by improvements in the Bioethanol and Biodiesel margins compared to the same period in the previous year. Capacity utilisation of the production plants in both segments was very good, including for the Group's biomethane plants.
The production volumes for Bioethanol fell slightly by 2.8 percent compared to the same period in the previous year due to the decline in demand in the transport sector.
The production of biomethane increased by 9.9 percent to 414.2 GWh.
Investments in property, plant and equipment totalling EUR 32.3 million were made in the first half of the financial year 2020/2021 (1 HY 2019/2020: EUR 41.5 million). Biomethane plants in the USA and India will commence operation from autumn 2021.
Detailed information on business developments in the first six months of the 2020/2021 financial year is provided in the half-yearly interim statement for the period ended December 31, 2020. The report can be viewed from 9 a.m. (CET) on VERBIO's website at www.verbio.de.
Information about VERBIO Vereinigte BioEnergie AG (VERBIO)
04.02.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
VERBIO Vereinigte BioEnergie AG
Ritterstraße 23 (Oelßners Hof)
+49 (0)341 308530-0
+49 (0)341 308530-998
Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
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