DGAP-News: VERBIO Vereinigte BioEnergie AG / Key word(s): Quarterly / Interim Statement
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
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)
05.11.2020 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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