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 - Seite 2

Development of the Biodiesel, Bioethanol and Other segments
Sales revenues in the Biodiesel segment in the financial year 2019/2020 amounted to EUR 588.2 million (2018/2019: EUR 514.5 million). Biodiesel production amounted to 559,735 tonnes (2018/2019: 481,280 tonnes), setting another new record following the commencement of production at the Group's Canadian plant. As a result of the adjustments to capacity in the German plants and to the step-by-step ramp-up of production at the biodiesel plant in Canada the overall capacity utilisation was 84.8 percent. The Biodiesel segment contributed to the Group's results with an EBITDA of EUR 46.1 million (2018/2019: EUR 70.7 million).

The Bioethanol segment generated sales revenues of EUR 275.2 million in 2019/2020 (2018/2019: EUR 254.7 million). The production of Bioethanol was at a similarly high level to the previous year, at 236,676 tonnes (2018/2019: 239,846 tonnes). The production of biomethane increased by 11.0 percent to 784.4 GWh (2018/2019: 706.6 GWh). The Bioethanol segment contributed to the Group's results with an EBITDA of EUR 74.0 million (2018/2019: EUR 23.8 million).

Sales revenues generated in the Other segment totalling EUR 15.8 million in the financial year 2019/2020 primarily represent revenues from transport and logistics services (2018/2019: EUR 16.7 million).

Development of net assets and financial position
Driven by the higher net result for the period the cash flow from operating activities for the reporting period totalled EUR 71.7 million, a further significant year-on-year increase (previous year: 2018/2019: EUR 44.3 million).

At June 30, 2020 the Group has borrowings under bank and loan financing arrangements of EUR 30.2 million, which is exceeded by cash equivalents of EUR 53.9 million, term deposits of EUR 20.0 million and other cash equivalents on segregated accounts of EUR 12.2 million, so that net cash at the balance sheet date amounts to EUR 55.9 million (June 30, 2020: EUR 64.2 million). Equity totalled EUR 390.8 million (June 30, 2019: EUR 338.9 million). The equity ratio amounted to 73.8 percent, lower than at the previous year's balance sheet date (June 30, 2019: 79.8 percent).