DGAP-News VERBIO Vereinigte BioEnergie AG: Powerful confirmation of VERBIO's growth trajectory - yet again the most successful year in the Company's history, and a positive outlook for the financial year 2020/2021
DGAP-News: VERBIO Vereinigte BioEnergie AG / Key word(s): Annual Results
VERBIO AG: Powerful confirmation of VERBIO's growth trajectory - yet again the most successful year in the Company's history, and a positive outlook for the financial year 2020/2021
- EBITDA of EUR 122.1 million, up 28.4 percent compared to the previous year
- EBITDA forecast of EUR 130.0 million for 2020/2021, corresponds to a doubling on the forecast for the previous year of EUR 65.0 million
- Proposed dividend: EUR 0.20 per qualifying share
Leipzig, September 23, 2020 - VERBIO Vereinigte BioEnergie AG generated Group sales revenues in the financial year 2019/2020 of EUR 872.4 million (2018/2019: EUR 779.3 million). The 11.9 percent increase in sales revenues is primarily due to sales of biodiesel, as a consequence of the increase in capacity following the acquisition of the biodiesel plant in Canada, and due to the expansion of sterol production.
The earnings before interest, taxation, depreciation and amortisation (EBITDA) was EUR 122.1 million, 28.4 percent higher than in the previous year (2018/2019: EUR 95.1 million) due to the favourable market conditions in the first half of the financial year and despite the temporary lockdown due to the coronavirus in the second half of the financial year. The Group result before taxation and interest (EBIT) increased to EUR 91.9 million, an increase of 24.7 percent (2018/2019: EUR 73.7 million). The net result is after deduction of current and deferred taxes of EUR 27.2 million (2018/2019: EUR 21.4 million), and amounted to EUR 63.8 million (2018/2019: EUR 51.7 million). Based on the net result for the period, earnings per share (basic and diluted) was EUR 1.01 (2018/2019: EUR 0.84).