VERBIO Vereinigte BioEnergie AG / Key word(s): Change in Forecast
VERBIO Vereinigte BioEnergie AG: VERBIO increases EBITDA earnings forecast for the financial year 2020/2021 from initially planned EUR 130 million to EUR 150 million.
26-Apr-2021 / 16:11 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 increases EBITDA earnings forecast for the financial year 2020/2021 from initially planned EUR 130 million to EUR 150 million.
Zörbig/Leipzig, April 26th, 2021 - Based on the business performance to date and the persistently positive outlook in all segments up to the end of the financial year, the Management Board expects to achieve an EBITDA of approximately EUR 150 million in the financial year 2020/2021 and to increase net financial assets by the end of the financial year to approximately EUR 65 million. In its most recent forecast, the company had expected an EBITDA of approximately EUR 130 million and net financial assets by the end of the financial year 2020/2021 of approximately EUR 50 million.
The Management Board assumes that there will be no substantial adverse business effects in case of a worsening Covid 19 pandemic.
All the key figures will be published with the interim report as of March 31th, 2021 (third quarter 2020/2021) as scheduled on May 6th, 2021.
VERBIO Vereinigte BioEnergie AG
Ritterstraße 23 (Oelßner's Hof)
Constanze Blechschmidt (Investor Relations)
Ulrike Kurze (Public Relations)
Information and Explanation of the Issuer to this News:
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 800 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.
26-Apr-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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