WKN: A0JL9W ISIN: DE000A0JL9W6 VERBIO Vereinigte BioEnergie AG
DGAP-News: VERBIO Vereinigte BioEnergie AG / Key word(s): Quarterly / Interim Statement
VERBIO AG: Good business performance in the first quarter of the financial year 2018/2019
The result before interest, taxes and depreciation and amortisation (EBITDA) totalled EUR 16.6 million for the first three months of the financial year 2018/2019. The slight increase compared to the same period in the previous year (Q1 2017/2018: EUR 15.9 million) was due to a strong fall in material costs, less the offsetting effects of increased personnel expenses and other operating expenses. The Group result before taxation and interest (EBIT) is also comparable with the first quarter of the previous year, amounting to EUR 11.0 million (Q1 2017/2018: EUR 10.3 million). The net result for the period amounted to EUR 7.8 million (Q1 2017/2018: EUR 7.4 million). Based on the result for the period, earnings per share are EUR 0.12 (Q1 2017/2018: EUR 0.12).
Development of the Biodiesel and Bioethanol segments
The straw biomethane production plant at the Pinnow location will commence production by the end of the financial year 2018/2019. In addition, the construction of two 20 MW straw biomethane production plants could commence during the first half of 2019, one in the USA and one in India.
Detailed information on business developments in the first three months of the 2018/2019 financial year are provided in the quarterly interim statement for the period ended September 30, 2018. The report can be viewed from 9 a.m. on VERBIO's website at www.verbio.de.
This publication contains forward-looking statements which are based on assumptions and estimates made by the management of VERBIO Vereinigte BioEnergie AG. Although the Company's management is of the opinion that these assumptions and estimations are realistic, actual future developments and actual future results may differ significantly from these assumptions and estimates due to a variety of factors. For example, these factors can include changes to the overall economic climate, changes to the legal and regulatory framework in Germany and the EU, and changes in the industry. VERBIO can give no guarantee and accepts no liability as to whether future development and the results actually achieved in future will match the assumptions and estimates made in this publication.
VERBIO Vereinigte BioEnergie AG
Ritterstraße 23 (Oelßner's Hof)
Olaf Tröber (IR)
Ulrike Kurze (PR)
08.11.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Company:||VERBIO Vereinigte BioEnergie AG|
|Ritterstraße 23 (Oelßners Hof)|
|Phone:||+49 (0)341 308530-0|
|Fax:||+49 (0)341 308530-998|
|Listed:||Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange|
|End of News||DGAP News Service|
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|VERBIO Vereinigte BioEnergie AG||6,93||-1,42%|