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VERBIO Vereinigte BioEnergie AG: VERBIO AG reports good results for the first quarter 2015/2016

DGAP-News: VERBIO Vereinigte BioEnergie AG / Key word(s): Quarter
Results
VERBIO Vereinigte BioEnergie AG: VERBIO AG reports good results for
the first quarter 2015/2016

05.11.2015 / 08:00

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VERBIO AG reports good results for the first quarter 2015/2016
- Further increase in EBITDA and EBIT
- Production at high level

Leipzig, November 5, 2015 - VERBIO AG continues to improve its results in
the first quarter of the financial year 2015/2016 despite planned
maintenance downtime at the ethanol plant in Schwedt. Group revenues fell
to EUR 155.9 million compared to the same period in the previous year (Q1
2014/2015: EUR 162.1 million), a decrease of 3.8 percent.

Verbio produced a total volume of 169,746 tonnes of biodiesel and
bioethanol in the period from July 1, 2015 to September 30, 2015 (Q1
2014/2015: 173,060 tonnes), a fall of 1.9 percent. In addition, 133 GWh of
biomethane was produced in the first three months of the 2015/2016
financial year, an increase of 6.1 percent compared to the equivalent
period in the previous year (Q1 2014/2015: 125 GWh). The further increase
in biomethane production, already at high levels, means that production
capacity utilisation was increased to 110.6 percent.

Earnings before interest, taxes and depreciation (EBITDA) amounted to EUR
14.6 million, almost at the same level as in the comparative period in the
previous year (Q1 2014/2015: EUR 14.1 million). The Group result before
taxes (EBIT) totalled EUR 9.4 million (Q1 2014/2015: EUR 8.5 million),
representing an increase of 10.6 percent, and the net result for the period
was EUR 7.9 million (Q1 2014/2015: EUR 7.2 million). Based on the results
for the period, earnings per share (basic and diluted) is unchanged at EUR
0.12.

Development of the Biodiesel, Bioethanol and Other segments
Revenues in the Biodiesel segment in Q1 2015/2016 totalled EUR 103.9
million (Q1 2014/2015: EUR 100.8 million). A total of 111,254 tonnes of
biodiesel were produced (Q1 2014/2015: 108,896 tonnes). Accordingly,
production was almost at full capacity with a capacity utilisation rate of
98.9 percent. The Biodiesel segment contributed to the Group's results with
an EBITDA of EUR 7.1 million (Q1 2014/2015: EUR 6.7 million) and an EBIT of
EUR 6.0 million (Q1 2014/2015: EUR 5.4 million).

The Bioethanol segment generated revenues of EUR 50.0 million in Q1
2015/2016 (Q1 2014/2015: EUR 59.2 million) with production of 58,491 tonnes