Zörbig/Leipzig, May 5, 2014 – For its continuing operations as of March 31, 2014, VERBIO Vereinigte BioEnergie AG has reported EBITDA of EUR 28.9 million (9 M 2012/2013: EUR -0.8 million) and EBIT of EUR 12.4 million (9 M 2012/2013: EUR -120.1 million).
Taking into account the prospects for the remainder of financial year 2013/2014, the Board considers it necessary to raise its forecast again. For continuing and discontinued operations for financial year 2013/2014, the Board currently expects EBITDA of between EUR 36 million and EUR 40 million (previously: EUR 30 million to EUR 35 million) and EBIT in the range of EUR 10 million to EUR 14 million (previously: EUR 3 million to EUR 8 million).
The publication of all figures occurs with the submission of the 9-month Report 2013/2014 scheduled for May 8, 2014.
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 nominal capacity is at a rounded 450,000 tons biodiesel, 270,000 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 ad hoc release is concerned.