Verbio's Q3 2023/24 Earnings Impacted by Unstable Market Conditions

• Verbio SE's Q3 2023/24 EBITDA was lower than the previous year and quarter due to a volatile market environment.
• Despite increased production and sales volumes, Group revenue fell by 13 percent to EUR 1,318.1 million due to lower sales prices for core products.
• Net financial debt at the end of March 2024 was EUR 55.0 million, and the equity ratio was 68.4 percent.
• Verbio expects significant improvements in earnings in Q4 2023/24 and has seen positive developments in growth projects.
• The German Federal Government has reacted to fraudulent UERs from China, which will end credits for UER certificates against the GHG quota in 2024, two years earlier than planned.
• Verbio's growth projects in the USA are making good progress, with increased efficiency of ethanol production in South Bend, Indiana, and the start of commercial production at the biorefinery in Nevada, Iowa.

The next important date, Publication of the quarterly report as of March 31, 2022 (Q3 2023/2024), at Verbio is on 14.05.2024.

The price of Verbio at the time of the news was 21,080EUR and was down -3,66 % compared with the previous day.
15 minutes after the article was published, the price was 20,480EUR this corresponds to a minus of -2,85 % since publication.
At this time, the index SDAX was at 14.878,93PKT (+0,04 %).

Verbio

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ISIN:DE000A0JL9W6WKN:A0JL9W

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