Zörbig/Leipzig, 4 November 2013 – According to preliminary financial figures as of 30 September 2013, VERBIO Vereinigte BioEnergie AG has significantly increased EBITDA of continuing and discontinued operations to appr. EUR 11.0 million (Q1 2012/2013: EUR 1.6 million) with net sales of appr. EUR 212.0 million (Q1 2012/2013: EUR 191.4 million). This prompted the Management Board to increase the earnings guidance for financial year 2013/2014. From the current perspective, EBITDA is expected to be in the order of EUR 25.0 million (up from previously EUR 17 million) and the operating result (EBIT) to be largely balanced (up from previously EUR -5.0 million) for financial year 2013/2014.
Financial results as of 30 September 2013 and the interim report for the 1st quarter 2013/2014 will be published on 7 November 2013.
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, 300,000 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.