Brief: Verbio Cuts FY Outlook Due To Cost Pressure

Verbio SE

15/01/2024 16:14

Jan 15 (Reuters) - Verbio SE  VBKG.DE :
    * ADJUSTS ITS FORECAST FOR THE FULL FINANCIAL YEAR 2023/24
    * AMENDS ITS FORECAST FOR FULL FINANCIAL YEAR 2023/24 AND
NOW
EXPECTS AN EBITDA OF EUR 120 MILLION TO EUR 150 MILLION
(PREVIOUSLY: EUR 200 MILLION TO EUR 250 MILLION; 2022/23: EUR
240.3 MILLION)
    * MAIN REASON FOR FORECAST ADJUSTMENT IS CONTINUED PRESSURE
ON
ETHANOL AND GHG QUOTA PRICES
    * NET FINANCIAL DEBT BY END OF FINANCIAL YEAR IS EXPECTED
BETWEEN
EUR 145 MILLION AND EUR 175 MILLION (PREVIOUSLY: EUR 110 MILLION
TO EUR 150 MILLION; 2022/23: NET CASH EUR 57.4 MILLION)

Source text for Eikon:  ID:nEQ8qpJMNa 
Further company coverage:  VBKG.DE 

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