VERBIO Vereinigte BioEnergie AG / Key word(s): Change in Forecast
25.01.2016 17:53
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 financial year 2015/2016
following strong second quarter and based on high expected production
facility utilization rates for the second half of the financial year
2015/2016.
Zörbig/Leipzig, January 25, 2016 - Based on preliminary financial figures
as of December 31, 2015, VERBIO Vereinigte BioEnergie AG reports an
increase of EBITDA to EUR 39.1 million (1 HY 2014/2015: EUR 25.9 million)
and EBIT to EUR 28.7 million (1 HY 2014/2015: EUR 14.7 million).
Based on the current level of sales and raw material prices and the planned
plant utilisation, the Management Board expects to achieve an EBITDA of
approximately EUR 70 million in the financial year 2015/2016 and to
increase net cash by the end of the financial year to approximately EUR 58
million. In its most recent previous forecast the Company had expected
EBITDA of approximately EUR 50 million and Net-Cash of EUR 38 million.
The updated earnings guidance is necessary following the strong second
quarter of the first half 2015/2016 financial year as well as the current
good level of orders for the second half of the 2015/2016 financial year.
All the key figures will be published with the interim report for the first
half-year 2015/2016 as scheduled on February 4, 2016.
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.
Contact:
VERBIO Vereinigte BioEnergie AG
Ritterstraße 23 (Oelßner's Hof)
04109 Leipzig
Olaf Tröber
Investor Relations
Phone: +49(0)341/308530-251
Fax: +49(0)341/308530-298
Email: ir@verbio.de/pr@verbio.de
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Information and Explaination of the Issuer to this News:
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.
25.01.2016 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
Ritterstraße 23 (Oelßners Hof)
04109 Leipzig
Germany
Phone: +49 (0)341 308530-0
Fax:
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 financial year 2015/2016 following strong second quarter and based on high expected production facility utilization rates for the second half of the financial year 2015/2016.
| Source: EQS Group AG