Verbio drops on 2024/25 profit warning

Verbio SE

16/01/2025 06:53

** Shares of Verbio  VBKG.DE  are seen down 16.4% in
pre-market trade after the German biofuel producer cut its
2024/25 EBITDA forecast late on Wednesday
    ** The company now expects FY EBITDA to be in mid
double-digit million range, citing unforeseen technical quality
problems at the plant in Nevada, versus previously anticipated
range of 120 million and 160 million euros ($123.44 million
and$164.59 million)
    ** "Prices below 9.695 euros will be a new low since March
2020," a local trader says
    ** "Investors seem to give up on this name," a local trader
adds
    ** The shares reached the bottom of the German small-caps
index  .SDAXI 


($1 = 0.9721 euros)

 (Reporting by Anastasiia Kozlova)
 ((Anastasiia.Kozlova@thomsonreuters.com))