Verbio shares up on better-than-expected FY outlook

Verbio SE

27/01/2022 07:57

** Shares of Verbio Vereinigte Bioenergie  VBKG.DE  rise
4.4% in early Frankfurt trade after the German bioenergy company
raised its FY 2021/22 earnings forecast
    ** The company said on Wednesday it expects EBITDA of around
EUR 300 million in FY 2021/2022 vs previously forecast EBITDA of
about EUR 230 million  urn:newsml:reuters.com:*:nASN0022IP
    ** "News flow stays very positive," local trader says,
noting the outlook is "well above analyst expectations"
    ** Stock tops German small-cap index  .SDAXI 

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