DGAP-News: VERBIO Vereinigte BioEnergie AG: Significant increases in production levels and results in the first quarter of 2019/2020
DGAP-News: VERBIO Vereinigte BioEnergie AG
/ Key word(s): Quarterly / Interim Statement
VERBIO AG: Significant increases in production levels and results in the first quarter of 2019/2020 - EBITDA of EUR 23.8 million, up 43 percent compared to the previous year - Production of biodiesel and bioethanol up by 8 percent and biomethane up by 21 percent Leipzig, November 7, 2019 - VERBIO AG reports a significant increase in its results for the first three months of the financial year 2019/2020 compared to the same period in the previous year. Group revenues increased by 23 percent to EUR 210.1 million compared to the previous year (Q1 2018/2019: EUR 170.7 million). Earnings before interest, taxation, depreciation and amortisation (EBITDA) for the first three months of the financial year 2019/2020 amounted to EUR 23.8 million, significantly higher than in the comparative period in the previous year (Q1 2018/2019: EUR 16.6 million). The Group result before interest and taxes (EBIT) totalled EUR 17.6 million (Q1 2018/2019: EUR 11.0 million). The net result for the period amounted to EUR 12.1 million (Q1 2018/2019: EUR 7.8 million). Based on the result for the period, earnings per share are EUR 0.20 (Q1 2018/2019: EUR 0.12). Development of the Biodiesel and Bioethanol segments Due to the Group's ongoing investment activities, total cash outflows in the first three months of 2019/2020 were EUR 31.6 million (Q1 2018/2019: EUR 9.8 million). These primarily related to the planned payments for current investments being made in India, Canada and the USA. Detailed information on business developments in the first three months of the 2019/2020 financial year are provided in the quarterly interim statement for the period ended September 30, 2019. The report can be viewed from 9 a.m. on VERBIO's website at www.verbio.de. Information about VERBIO Vereinigte BioEnergie AG (VERBIO) 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: [email protected]/[email protected]
07.11.2019 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: | [email protected] |
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: | 906069 |
End of News | DGAP News Service |
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906069 07.11.2019
VERBIO Vereinigte BioEnergie AG Stock
Currently there is a rather positive sentiment for VERBIO Vereinigte BioEnergie AG with 4 Buy predictions and 1 Sell predictions.
As a result the target price of 30 € shows a very positive potential of 67.41% compared to the current price of 17.92 € for VERBIO Vereinigte BioEnergie AG.