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VERBIO Vereinigte BioEnergie AG: VERBIO AG continues earnings growth in second quarter 2014/2015 and raises forecasts - Seite 2
milestones according to plan.
Development of the Biodiesel, Bioethanol and Other segments
The Biodiesel segment generated sales revenues of EUR 195.5 million in the
reporting period covering the first half-year 2014/2015 (1 HY 2013/2014:
EUR 257.9 million). At 217,954 tons (1 HY 2013/2014: 209,522 tons)
production of biodiesel increased a further 4 percent. This represents a 97
percent production capacity utilization rate. The Biodiesel segment
contributed EUR 13.5 million EBITDA (1 HY 2013/2014: EUR 13.3 million) and
EUR 11.0 million EBIT (1 HY 2013/2014: EUR 10.7 million) to the Group's
results.
The Bioethanol segment generated sales revenues of EUR 108.1 million in the
reporting period covering the first half-year 2014/2015 (1 HY 2013/2014:
EUR 151.0 million). With 125,294 tons of bioethanol (1 HY 2013/2014: 99,895
tons) and 227.5 GWh biomethane (1 HY 2013/2014: 132.5 GWh) production in
this area also increased, by 25 percent and 72 percent, respectively. The
Bioethanol segment contributed EUR 11.5 million EBITDA (1 HY 2013/2014: EUR
8.8 million) and EUR 3.4 million EBIT (1 HY 2013/2014: EUR 1.1 million) to
the Group's results.
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Revenues generated in the Other segment totaled EUR 7.5 million in the
first six months of the 2014/2015 financial year (1 HY 2013/2014: EUR 18.5
million), primarily from transport and logistics services. The segment
result amounted to EUR 0.3 million (1 HY 2013/2014: EUR -1.3 million).
Increase in earnings forecasts and possible dividend payment for the
2014/2015 financial year
The Management Board currently expects an EBITDA in the range of between
EUR 36 million and EUR 44 million and EBIT in the range between EUR 14
million to EUR 22 million for the full 2014/2015 financial year. In its
most recent previous forecast the Company had expected EBITDA of between
EUR 25 million and EUR 35 million and EBIT of between EUR 3 million and EUR
13 million. Provided current business trends continue, and provided that
all statutory conditions are fulfilled, the payment of a dividend for the
2014/2015 financial year in a range of between five and ten cents per share
is considered possible.
Detailed information on business developments in the first half-year
2014/2015 is provided in the half-year report 2014/2015. The report can be
viewed from 9 a.m. on Verbio's website, www.verbio.de.
Information about VERBIO Vereinigte BioEnergie AG (VERBIO)
VERBIO is one of the leading independent producers and providers of
biofuels and is at the same time the only large industrial producer of
biodiesel, bioethanol and biomethane in Europe. The production capacity is
at a rounded 450,000 tons biodiesel, 260,000 tons bioethanol and 480
first six months of the 2014/2015 financial year (1 HY 2013/2014: EUR 18.5
million), primarily from transport and logistics services. The segment
result amounted to EUR 0.3 million (1 HY 2013/2014: EUR -1.3 million).
Increase in earnings forecasts and possible dividend payment for the
2014/2015 financial year
The Management Board currently expects an EBITDA in the range of between
EUR 36 million and EUR 44 million and EBIT in the range between EUR 14
million to EUR 22 million for the full 2014/2015 financial year. In its
most recent previous forecast the Company had expected EBITDA of between
EUR 25 million and EUR 35 million and EBIT of between EUR 3 million and EUR
13 million. Provided current business trends continue, and provided that
all statutory conditions are fulfilled, the payment of a dividend for the
2014/2015 financial year in a range of between five and ten cents per share
is considered possible.
Detailed information on business developments in the first half-year
2014/2015 is provided in the half-year report 2014/2015. The report can be
viewed from 9 a.m. on Verbio's website, www.verbio.de.
Information about VERBIO Vereinigte BioEnergie AG (VERBIO)
VERBIO is one of the leading independent producers and providers of
biofuels and is at the same time the only large industrial producer of
biodiesel, bioethanol and biomethane in Europe. The production capacity is
at a rounded 450,000 tons biodiesel, 260,000 tons bioethanol and 480
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