VERBIO Vereinigte BioEnergie AG / Key word(s): Forecast/Final Results
04.05.2015 16:06
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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VERBIO increases its earnings forecast for 2014/2015. Best operating result
for full financial year expected since going public.
Zörbig/Leipzig, May 4, 2015 - Based on preliminary financial figures as of
March 31, 2015, VERBIO Vereinigte BioEnergie AG reports an increase of
EBITDA to EUR 38.1 million (9 M 2013/2014: EUR 28.9 million) and EBIT to
EUR 21.5 million (9 M 2013/2014: EUR 12.4 million) in the first nine months
of the current financial year 2014/2015. Net debt decreased further to EUR
9.9 million (30.06.2014: EUR 23.1 million).
For the full financial year 2014/2015 the Management Board currently
expects EBITDA to be between EUR 48 million and EUR 52 million and EBIT to
be in the range of EUR 26 million and EUR 30 million. In its most recent
previous forecast the Company had expected EBITDA of between EUR 36 million
and EUR 44 million and EBIT of between EUR 14 million and EUR 22 million.
Accordingly, VERBIO expects to archive the best operating result in
financial year 2014/2015 since going public.
The updated earnings guidance is necessary following the strong third
quarter as well as the current high level of orders for the next three
months in connection with excellent bioethanol margins.
All the key figures will be published with the interim report for the nine
months 2014/2015 as scheduled on May 7, 2015.
Contact:
VERBIO Vereinigte BioEnergie AG
RitterstraÃe 23 (OelÃner's Hof)
04109 Leipzig
Olaf Tröber
Investor Relations
Phone: +49(0)341/308530-251
Fax: +49(0)341/308530-998
Email: ir@verbio.de/pr@verbio.de
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Information and Explaination of the Issuer to this News:
Information about VERBIO Vereinigte BioEnergie AG (VERBIO)
VERBIO is one of the leading independent producers and providers of
biofuels and is at the same time the only large industrial producer of
biodiesel, bioethanol and biomethane in Europe. The production capacity is
at a rounded 450,000 tons biodiesel, 260,000 tons bioethanol and 480
gigawatt hours biomethane per year. In the production of its highly
efficient fuels, the company uses energy-saving production processes and
innovative technologies of own development. The biofuels of VERBIO achieve
CO2 reductions of up to 90 percent compared to petrol or diesel. VERBIO
delivers its products directly to the European mineral oil conglomerates,
mineral oil trading companies, independent gas stations, freight
forwarders, municipal utilities and vehicle fleets. In addition, VERBIO
markets high-quality pharma glycerine for the consumer goods and cosmetics
industry (glycerine is gained as a by-product in biodiesel production).
Within the group, VERBIO Vereinigte BioEnergie AG acts as Management
Holding. The operative business is exercised by the subsidiaries, VERBIO
Diesel Bitterfeld GmbH & Co. KG, VERBIO Diesel Schwedt GmbH & Co. KG,
VERBIO Ethanol Schwedt GmbH & Co. KG, VERBIO Ethanol Zörbig GmbH & Co. KG
and Märka GmbH. The VERBIO stock (ISIN DE000A0JL9W6 / WKN A0JL9W) has been
listed at the Prime Standard of the Frankfurt stock exchange since October
2006.
Important notice
This publication contains certain forward-looking statements concerning the
VERBIO group of companies. The forward-looking statements contained herein
represent the judgment of VERBIO as of the date of this release and involve
risks and uncertainties. Should actual conditions differ from the Company's
assumptions, actual results and actions may differ from those anticipated.
VERBIO does not intend to update any of these forward-looking statements as
far as the wording of the relevant publication is concerned.
04.05.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: VERBIO Vereinigte BioEnergie AG
RitterstraÃe 23 (OelÃners Hof)
04109 Leipzig
Germany
Phone: +49 (0)341 308530-0
Fax: +49 (0)341 308530-998
E-mail: ir@verbio.de
Internet: www.verbio.de
ISIN: DE000A0JL9W6
WKN: A0JL9W
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated
Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: VERBIO Vereinigte BioEnergie AG: VERBIO increases its earnings forecast for 2014/2015. Best operating result for full financial year expected since going public.
| Source: EQS Group AG