DGAP-News

VERBIO Vereinigte BioEnergie AG: VERBIO AG with continued earnings growth in third quarter of 2016/2017

DGAP-News: VERBIO Vereinigte BioEnergie AG / Key word(s): 9-month figures/Quarterly / Interim Statement VERBIO Vereinigte BioEnergie AG: VERBIO AG with continued earnings growth in third quarter of 2016/2017 11.05.2017 / 08:00 The issuer is solely responsible for the content of this announcement. VERBIO AG with continued earnings growth in third quarter of 2016/2017

• EBITDA increased by 50 percent to EUR 75.8 million in the first nine months of the financial year 2016/2017
• 
  
• Production of biodiesel, bioethanol and biomethane increased further
• 
  

Leipzig, May 11, 2017, - VERBIO AG reports significantly improved results for the first nine months of the current financial year compared to the equivalent period in the previous year, although in the third quarter of the current financial year it was not possible to maintain the trend at quite the same level as in the second quarter.

Group revenues increased by 12 percent to EUR 538.8 million compared to the same period in the previous year (9 M 2015/2016: EUR 479.4 million). Earnings before interest, taxation, depreciation and amortisation (EBITDA) for the nine-month period amounted to EUR 75.8 million, 50 percent ahead of the comparative period in the previous year (9 M 2015/2016: EUR 50.5 million). The Group result before taxation and interest (EBIT) in the same period amounted to EUR 59.7 million, an increase of 71 percent (9 M 2015/2016: EUR 34.9 million). The Group result before tax (EBT) totals EUR 59.1 million (9 M 2015/2016: EUR 33.8 million), and the net result for the period is EUR 40.9 million (9 M 2015/2016: EUR 26.1 million). Based on the result for the period, earnings per share is EUR 0.65 (9 M 2015/2016: EUR 0.41).

Development of the Biodiesel, Bioethanol and Other segments

Earnings growth in the first nine months of the current financial year was driven by high margins, increased production volumes of biodiesel and bioethanol and higher production capacity utilisation of the biomethane production plant. Margins in the Biodiesel segment were lower in the third quarter of the current financial year compared to the second quarter of 2016/2017, whereby earnings in the third quarter of the current financial year were significantly improved compared to the same quarter in the previous year. The production volume of biodiesel and bioethanol in the period from July 1, 2016 to March 31, 2017 totalled 539,801 tonnes, compared to 510,130 tonnes in the same period in the previous year. In addition, 416.8 GWh of biomethane were produced in the first nine months of the financial year 2016/2017 (9 M 2015/2016: 396.5 GWh), an increase of 5 percent compared to the same period in the previous year.