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VERBIO Vereinigte BioEnergie AG: Financial year 2014/2015 the most successful in the Company's history, outlook for the financial year 2015/2016 remains positive - Seite 2
million).
The Bioethanol segment generated revenues of EUR 212.9 million in the
financial year 2014/2015 (2013/2014: EUR 257.8 million). Production of
bioethanol and biomethane increased to 248,103 tonnes (2013/2014: 207,570
tonnes) and 469 GWh (2013/2014: 323 GWh) respectively, representing
increases of 19 percent and 45 percent. The Bioethanol segment contributed
to the Group's overall results with an EBITDA of EUR 22.4 million
(2013/2014: EUR 14.1 million) and an EBIT of EUR 6.3 million (2013/2014:
EUR -0.4 million).
Revenues generated in the Other segment in the financial year 2014/2015
amounted to EUR 15.8 million and primarily related to transport and
logistics services. The reported segment result amounted to EUR 0.5 million
(2013/2014: EUR -0.6 million).
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Further improvement in the net asset and financial position
The Group's bank and loan financing arrangements were reduced by EUR -33.6
million (2013/2014: EUR -91.1 million). The cash and cash equivalents of
EUR 26.7 million exceed the remaining bank and loan finance liabilities so
that the reported net financial assets amount to EUR 7.8 million at the
balance sheet date. With equity totalling EUR 209.7 million (June 30, 2014:
EUR 183.5 million) the equity ratio amounts to 70.8 percent, a significant
increase compared to the previous year's balance sheet date (June 30, 2014:
60.6 percent).
Dividend/outlook for the financial year 2015/2016
This past financial year 2014/2015 was the most successful year for VERBIO
AG since the formation of the Company. The Supervisory Board resolved at
its meeting held on September 21, 2015 to approve the proposal made by the
Management Board to pay a dividend for the financial year 2014/2015 for the
first time since the Company's formation in 2006. The Supervisory Board and
the Management Board will propose the payment of a dividend of EUR 0.10 per
qualifying share at the annual general meeting to be held on January 29,
2016. It is intended to pay dividends on a regular basis in future,
assuming that business conditions remain unchanged.
Based on the current level of sales and raw material prices and the planned
plant utilisation, the Management Board expects to achieve an EBITDA of
around EUR 50 million in the financial year 2015/2016 and to increase net
cash by the end the financial year to approximately EUR 38 million.
Detailed information on business developments in the financial year
2014/2015 is provided in the annual 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)
The Group's bank and loan financing arrangements were reduced by EUR -33.6
million (2013/2014: EUR -91.1 million). The cash and cash equivalents of
EUR 26.7 million exceed the remaining bank and loan finance liabilities so
that the reported net financial assets amount to EUR 7.8 million at the
balance sheet date. With equity totalling EUR 209.7 million (June 30, 2014:
EUR 183.5 million) the equity ratio amounts to 70.8 percent, a significant
increase compared to the previous year's balance sheet date (June 30, 2014:
60.6 percent).
Dividend/outlook for the financial year 2015/2016
This past financial year 2014/2015 was the most successful year for VERBIO
AG since the formation of the Company. The Supervisory Board resolved at
its meeting held on September 21, 2015 to approve the proposal made by the
Management Board to pay a dividend for the financial year 2014/2015 for the
first time since the Company's formation in 2006. The Supervisory Board and
the Management Board will propose the payment of a dividend of EUR 0.10 per
qualifying share at the annual general meeting to be held on January 29,
2016. It is intended to pay dividends on a regular basis in future,
assuming that business conditions remain unchanged.
Based on the current level of sales and raw material prices and the planned
plant utilisation, the Management Board expects to achieve an EBITDA of
around EUR 50 million in the financial year 2015/2016 and to increase net
cash by the end the financial year to approximately EUR 38 million.
Detailed information on business developments in the financial year
2014/2015 is provided in the annual 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)
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