VERBIO Vereinigte BioEnergie AG / Key word(s): Forecast
VERBIO Vereinigte BioEnergie AG: Significant increase in EBITDA forecast for the financial year 2021/2022 to approximately EUR 500 million - strong demand for advanced 2nd generation biofuels
28-Jun-2022 / 13:31 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.
VERBIO AG: Significant increase in EBITDA forecast for the financial year 2021/2022 to approximately EUR 500 million - strong demand for advanced 2nd generation biofuels
Zörbig/Leipzig, June 28th, 2022 – Based on the business performance to date as well as the current level of sales and raw material prices, the Management Board expects to achieve an EBITDA of approximately EUR 500 million in the financial year 2021/2022. The brisk global demand for CO2 saving biofuels is causing persistently high price levels, especially for advanced 2nd generation biofuels. Net financial assets expect to increase by the end of the financial year to approximately EUR 300 million.
In its most recent forecast, the company had expected an EBITDA of approximately EUR 430 million and net financial assets by the end of the financial year 2021/2022 of approximately EUR 220 million.
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 900 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.
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.
VERBIO Vereinigte BioEnergie AG
Ritterstraße 23 (Oelßner's Hof)
28-Jun-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de