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VERBIO Vereinigte BioEnergie AG: Further significant increases in production levels and results in the first quarter of 2020/2021

·5-min read

DGAP-News: VERBIO Vereinigte BioEnergie AG / Key word(s): Quarterly / Interim Statement
05.11.2020 / 08:00
The issuer is solely responsible for the content of this announcement.

VERBIO AG: Further significant increases in production levels and results in the first quarter of 2020/2021

Leipzig, November 5, 2020 - VERBIO AG reports a significant increase in its results for the first three months of the financial year 2020/2021 compared to the same period in the previous year.

Group revenues increased by 24.4 percent to EUR 261.4 million compared to the previous year (Q1 2019/2020: EUR 210.1 million). Earnings before interest, taxation, depreciation and amortisation (EBITDA) for the first three months of the financial year 2020/2021 amounted to EUR 53.3 million, a further significant increase compared to the comparative period in the previous year (Q1 2019/2020: EUR 23.8 million). The Group result before interest and taxes (EBIT) totalled EUR 45.6 million (Q1 2019/2020: EUR 17.6 million). The net result for the period amounted to EUR 31.7 million (Q1 2019/2020: EUR 12.1 million). Based on the result for the period, earnings per share are EUR 0.50 (Q1 2019/2020: EUR 0.20).

Development of the Biodiesel and Bioethanol segments

The first quarter of 2020/2021 was characterised by significant improvements in margins for bioethanol compared to the same period in the previous year, and by a good and stable margin for biodiesel. Capacity utilisation of the production plants in both segments was very good, including for the Group's biomethane plants. The production volume of biodiesel and bioethanol in the period July 1, 2020 to September 30, 2020 increased by 10.9 percent to 216,996 tonnes. The production of biomethane increased by 15.8 percent to 216.1 GWh.

Due to investment activities, total cash outflows in the first three months of 2020/2021 were EUR 11.2 million (Q1 2019/2020: EUR 31.6 million). These primarily related to planned payments for current investments being made in India, Canada and the USA.

Detailed information on business developments in the first three months of the 2020/2021 financial year is provided in the quarterly interim statement for the period ended September 30, 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)
VERBIO AG is one of the leading independent bioenergy manufacturers, and is also the only large-scale producer of biodiesel, bioethanol and biomethane in Europe. The Group has approximately 700 employees at its locations in Saxony, Saxony-Anhalt and Brandenburg as well as at its foreign subsidiaries in India, the USA, Canada, Poland and Hungary. VERBIO concentrates on the use of internally developed innovative technologies and efficient energy-saving production processes. VERBIO's biofuels achieve CO2 savings of up to 90 percent compared to petrol or diesel. The Group's annual production capacity amounts to approximately 660,000 tonnes of biodiesel, 260,000 tonnes of bioethanol and 900 gigawatt hours of biomethane. In addition, VERBIO manufactures biofertiliser and animal feed for agricultural use as well as high-value raw materials for the pharmaceutical, cosmetic and foodstuff industries. With its innovative processes and highly efficient production plants, VERBIO is a technology leader in the biofuels market. 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 these assumptions and estimations 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 guarantees and accepts no liability as to whether future developments 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

Constanze Blechschmidt (IR)
Ulrike Kurze (PR)
Phone: +49(0)341/308530-281
Fax: +49(0)341/308530-998
Email: ir@verbio.de/pr@verbio.de


05.11.2020 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

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:

ir@verbio.de

Internet:

www.verbio.de

ISIN:

DE000A0JL9W6

WKN:

A0JL9W

Listed:

Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1145488


 

End of News

DGAP News Service

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