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VBK Verbio SE News Story

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Biofuel producer Verbio jumps as Q3 profit surge, outlook improves

** Verbio shares rise 9% after the biofuels producer's reported an increase in its third quarter core profit, and said it expects full year EBITDA at the higher end of its range

** The German company posted on Thursday third quarter EBITDA of 60.2 million euros ($70.6 million), compared with 30.1 million euros in the second quarter and 8.2 million euros a year ago

** "As anticipated, Verbio reported a strong Q325/26," Jefferies says

** The broker adds that improved greenhouse gas (GHG) certificate prices and GHG sales volumes, higher spreads in bioethanol drove profitability quarter-over-quarter

** Verbio also raised its EBITDA forecast for the current financial year to the "upper end" of its 100 to 140 million euros range

** The stock has risen around 70% year-to-date if gains hold​

(Reporting by Danny Callaghan)

((danny.callaghan@thomsonreuters.com))

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