Brief: Verbio Vereinigte Bioenergie Sees Increase In EBITDA Forecast For FY 2021/22 To Approximately EUR 500 Mln

Verbio SE

28/06/2022 12:37

June 28 (Reuters) - VERBIO VEREINIGTE BIOENERGIE AG
 VBKG.DE :
    * VERBIO VEREINIGTE BIOENERGIE AG: SIGNIFICANT INCREASE IN
EBITDA
FORECAST FOR THE FINANCIAL YEAR 2021/2022 TO APPROXIMATELY EUR
500 MILLION - STRONG DEMAND FOR ADVANCED 2ND GENERATION BIOFUELS
    * IN ITS MOST RECENT FORECAST, COMPANY HAD EXPECTED AN
EBITDA OF
APPROXIMATELY EUR 430 MILLION AND NET FINANCIAL ASSETS BY END OF
FINANCIAL YEAR 2021/2022 OF APPROXIMATELY EUR 220 MILLION
    * SEES SIGNIFICANT INCREASE IN EBITDA FORECAST FOR FINANCIAL
YEAR
2021/2022 TO APPROXIMATELY EUR 500 MILLION
    * VERBIO AG: SIGNIFICANT INCREASE IN EBITDA FORECAST FOR
FINANCIAL
YEAR 2021/2022 TO APPROXIMATELY EUR 500 MILLION - STRONG DEMAND
FOR ADVANCED 2ND GENERATION BIOFUELS
    * NET FINANCIAL ASSETS EXPECT TO INCREASE BY END OF
FINANCIAL YEAR
TO APPROXIMATELY EUR 300 MILLION
    * EXPECTS TO ACHIEVE AN EBITDA OF APPROXIMATELY EUR 500
MILLION IN
FINANCIAL YEAR 2021/2022

Source text for Eikon:  ID:nEQ60h27a 
Further company coverage:  VBKG.DE 

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