Verbio SE
VERBIO Vereinigte BioEnergie AG: VERBIO increases EBITDA in the first nine months of the financial year 2019/2020 by 15 percent compared to the previous year
DGAP-News: VERBIO Vereinigte BioEnergie AG
/ Key word(s): 9 Month figures
VERBIO AG: VERBIO increases EBITDA in the first nine months of the financial year 2019/2020 by 15 percent compared to the previous year
Leipzig, May 7, 2020 – VERBIO Vereinigte BioEnergie AG reports an improvement in results for the first nine months of the current financial year 2019/2020 compared to the same period in the previous year. The positive trend in the Group’s results is due to the comparatively higher than average good margins in bioethanol in the third quarter of 2019/2020. Earnings before interest, taxation, depreciation and amortisation (EBITDA) for the nine-month period amounted to EUR 97.1 million, 15.0 percent ahead of the comparative period in the previous year (9 M 2018/2019: EUR 84.4 million). The Group result before tax (EBIT) totalled EUR 75.9 million (9 M 2018/2019: EUR 68.5 million). The Group result before taxation (EBT) totalled EUR 75.3 million (9 M 2018/2019: EUR 68.4 million), and the net result for the period was EUR 50.2 million (9 M 2018/2019: EUR 49.7 million). Based on the result for the period, earnings per share amount to EUR 0.79 (9 M 2018/2019: EUR 0.79). The production volume of biodiesel and bioethanol in the period from July 1, 2019 to March 31, 2020 totalled 612,957 tonnes, compared with 540,367 tonnes in the same period in the previous year. In addition, 601.6 GWh of biomethane were produced in the first nine months of the financial year 2019/2020 (9 M 2018/2019: 515.4 GWh), an increase of 17 percent compared with the same period in the previous year. Development of the Biodiesel and Bioethanol segments
There have been no changes to the opportunities and risks presented in the 2018/19 annual report. However, a significant additional risk has arisen since then in the form of the coronavirus pandemic situation, a unique historical event which could not have been foreseen. The massive effects of the lockdowns worldwide and the deterioration in the economic conditions, which has already taken place and may indeed is continue to worsen, also has an effect on VERBIO’s results. VERBIO will make efforts to minimise the negative effects on earnings, one example of this being the production of disinfectant products starting in March 2020. Detailed information on business developments in the first nine months of the 2019/2020 financial year are provided in the quarterly statement for the period ended March 31, 2020 which can be viewed from 8.30 a.m. on VERBIO’s website at www.verbio.de. Matters concerning the Management Board In addition, at its meeting held on April 1, 2020 the Supervisory Board appointed Stefan Schreiber as an additional member of the Management Board with effect from July 1, 2020 until June 30, 2023. He will hold board responsibility for the Group’s activities in North America. Stefan Schreiber has been employed by VERBIO AG as Head of Business Development since July 1, 2017. With the contract extensions and the appointment of Stefan Schreiber as a member of the Management Board, the Supervisory Board is putting the VERBIO Group on course for continued development. “In the name of the entire Management Board I offer my thanks for the confidence that the Supervisory Board has placed in us,” said Claus Sauter, Chairman of the Management Board of VERBIO AG.
Important notice Contact: VERBIO Vereinigte BioEnergie AG Ritterstraße 23 (Oelßner’s Hof) 04109 Leipzig Olaf Tröber (IR) Ulrike Kurze (PR) Phone: +49(0)341/308530-251 Fax: +49(0)341/308530-998 Email: ir@verbio.de/pr@verbio.de
07.05.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | VERBIO Vereinigte BioEnergie AG |
Ritterstraße 23 (Oelßners 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, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1037327 |
End of News | DGAP News Service |