Zörbig/Leipzig, September 23, 2022 – Based on current sales, raw material and energy price levels as well as the planned production capacity usage the Management Board expects to achieve an EBITDA for the current financial year 2022/2023 of around EUR 300 million. (Original forecast for the financial year 2021/2022: EUR 150 million)
Due to the high levels of investments in internationalisation, capacity expansion and product diversification that are planned and which will be financed from the Group’s own resources, net cash at the end of the financial year is expected to be approximately EUR 30 million.
This forecast is made subject to the proviso that the continued course of the Russian aggression in the Ukraine and its consequences do not have a significant further negative effect on the market for biofuels and, in particular, on the procurement of raw materials and energy.
Detailed information on business developments in the financial year just ended is provided in the annual report for the financial year 2021/2022. The report can be viewed from September 27, 2022 on Verbio’s website www.verbio.de.