DGAP-News

VERBIO Vereinigte BioEnergie AG: Financial year 2013/2014 - one of the best in corporate history, positive outlook for the financial year 2014/2015 - Seite 2

bioethanol and biodiesel by a total of 161,019 tons.

Development of the Biodiesel, Bioethanol and Other segments
The sales revenues generated by biodiesel segment in the financial year
2013/2014 add up to EUR 458.2 million, after EUR 421.7 million in the
financial year 2012/2013. A total of 420,315 tons biodiesel was produced
(2012/2013: 326,867 tons). The biodiesel segment contributes to the
company's performance with EBITDA of EUR 22.4 million (2012/2013: EUR 3.6
million) and EBIT of EUR 17.3 million (2012/2013: EUR -87.0 million).

In the reporting period 2013/2014 the sales revenues generated by
bioethanol segment was EUR 257.8 million (2012/2013: EUR 258.3 million)
with a record production of 207,570 tons bioethanol (2012/2013: 165,92
tons) and a production of 323 GWh biomethane (2012/2013: 330 GWh). The
biomethane production has developed positively over the last two quarters
of the financial year 2013/2014 with new monthly production records being
reached. EBITDA of the biomethanol segment of EUR 14.1 million (2012/2013:
EUR 15 million) and EBIT of EUR -1.2 million after EUR -33.9 million in the
financial year 2013/2014 add to the group performance.

In the financial year 2013/2014 the Other segment, in particular transport
and logistics, generated sales revenues of EUR 48.4 Mio. (2012/2013: EUR
25.2 million). EBITDA accounts for EUR 0.9 million and EBIT for EUR -0.6
Mio.

Financial position clearly improved

As per June 30, 2014 the balance sheet total is reported at EUR 302.7
million (30/06/2013: EUR 410.4 million). The decline results in particular
from the reduction of inventories, trade receivables and the assets
allotted for disposal. Conversely the short-term and long-term loans
reduced by EUR 92.0m, so that the net financial liabilities on the end of
period were reported at EUR 23.1 million only (30/06/2013: EUR 94.3
million). The equity amounts to EUR 183.5 million (30/06/2013: EUR 178.3
million). The equity ratio is 60.6 percent and thus up to the previous year
by 17.2 percentage points (30/06/2013: 43.4 percent). The ratio of net
financial liabilities/EBITDA is therefore clearly below 1.

Introduction of GHG quota regulation on January 1, 2015
With the GHG quota regulation becoming effective in Germany on January 1,
2015 the biofuel sector including VERBIO will be facing new challenges in
the financial year 2014/15. VERBIO expects the federal parliament and
federal council to follow the government's proposal to measure the
greenhouse gas quota against the performance of the biofuel industry and
raise the GHG quota to 3.5 percent from 2015 in order to keep the share of
renewable energies in the transport sector at least constant or slightly