Brief: Verbio Vereinigte Bioenergie Expects FY EBITDA At Around EUR 240 Mln

Verbio SE

27/04/2023 15:19

April 27 (Reuters) - VERBIO VEREINIGTE BIOENERGIE AG
 VBKG.DE :
    * VERBIO ADJUSTS ITS FORECAST FOR THE FULL FINANCIAL YEAR
2022/2023 AND ANNOUNCES ITS PRELIMINARY EBITDA FOR THE FIRST
NINE MONTHS OF THE FINANCIAL YEAR
    * ADJUSTS ITS FORECAST FOR FULL FINANCIAL YEAR 2022/2023 AND
ANNOUNCES ITS PRELIMINARY EBITDA FOR FIRST NINE MONTHS OF
FINANCIAL YEAR
    * ON BASIS OF CURRENT SALES AND RAW MATERIAL PRICE LEVELS
ORIGINAL
EBITDA EXPECTATIONS FOR FULL FINANCIAL YEAR 2022/2023 OF
APPROXIMATELY EUR 300 MILLION ARE TOO AMBITIOUS
    * IS AMENDING FORECAST AND NOW EXPECTS AN EBITDA OF
APPROXIMATELY
EUR 240 MILLION
    * IN BIODIESEL SEGMENT IN PARTICULAR, CONTINUING DECLINE IN
SELLING PRICES COMBINED WITH COMPARATIVELY EXPENSIVE VEGETABLE
OIL PURCHASES DUE TO TIME LAG BETWEEN PURCHASES AND SALES IS
HAVING A NEGATIVE IMPACT ON EARNINGS
    * PLANS NET FINANCIAL ASSETS BY END OF FINANCIAL YEAR OF
AROUND
EUR 80 MILLION
    * BASED ON PRELIMINARY CALCULATIONS VERBIO HAS GENERATED AN
EBITDA
OF APPROXIMATELY EUR 214 MILLION IN FIRST NINE MONTHS OF CURRENT
FINANCIAL YEAR 2022/2023
    * PRIOR TO THIS COMPANY HAD ASSUMED NET FINANCIAL ASSETS IN
ORDER
OF EUR 30 MILLION AT END OF 2022/2023 FINANCIAL YEAR

Source text for Eikon:  ID:nEQ5d2cD2a 
Further company coverage:  VBKG.DE 

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