Brief: Verbio Generated Group Revenue Of EUR 908.9 Mln In H1 2023/24

Verbio SE

08/02/2024 07:06

Feb 8 (Reuters) - VERBIO SE  VBKG.DE :
    * GENERATED GROUP REVENUE OF EUR 908.9 MILLION IN 1 HY
2023/24
    * DECREASE IN REVENUE COMPARED TO PREVIOUS YEAR IS PRIMARILY
DUE
TO LOWER AVERAGE SALES PRICES OF BOTH BIODIESEL AND BIOETHANOL
    * NET FINANCIAL DEBT AT DECEMBER 31, 2023 TOTALLED EUR 13.6
MILLION AND EQUITY RATIO WAS 69.3 PERCENT
    * IN Q2 OF FINANCIAL YEAR 2023/24 VERBIO GENERATED SALES
REVENUES
OF EUR 420.8 MILLION AND AN EBITDA OF EUR 26.1 MILLION
    * EXPECTS FY NET DEBT IN RANGE OF EUR 145 MILLION TO EUR 175
MILLION
    * EXPECTS AN EBITDA IN RANGE OF EUR 120 MILLION TO EUR 150
MILLION
FOR CURRENT FINANCIAL YEAR 2023/24
    * FOR CURRENT FINANCIAL YEAR 2023/24 EXPECTS NET DEBT IN
RANGE OF
EUR 145 MILLION TO EUR 175 MILLION
    * THESE FORECASTS REFLECT ONGOING PRESSURE ON PRICES FOR
ETHANOL
AND GHG QUOTAS, IN PARTICULAR AS A RESULT OF MASSIVE VOLUMES OF
QUESTIONABLE IMPORTS OF ADVANCED BIOFUELS FROM ASIA IN 2023.
    * INVESTED EUR 54.2 MILLION IN PROPERTY, PLANT AND EQUIPMENT
IN Q2
OF 2023/24

Source text for Eikon:  ID:nEQ9zTjm5a 
Further company coverage:  VBKG.DE 

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