DGAP-Adhoc: VERBIO Vereinigte BioEnergie AG: VERBIO increases EBITDA earnings forecast for the financial year 2019/2020 from initially planned EUR 65 million to EUR 110 million.
DGAP-Ad-hoc: VERBIO Vereinigte BioEnergie AG / Key word(s): Change in Forecast VERBIO increases EBITDA earnings forecast for the financial year 2019/2020 from initially planned EUR 65 million to EUR 110 million. The updated earnings guidance is necessary following the increase in biofuel demand across segments in the calendar year 2020 as well as the good order backlog till the end of the financial year 2019/2020. Contact: VERBIO Vereinigte BioEnergie AG Ritterstraße 23 (Oelßner's Hof) 04109 Leipzig Olaf Tröber Investor Relations Phone: +49(0)341/308530-251 Fax: +49(0)341/308530-298 Email: [email protected]/[email protected] Information and Explanation of the Issuer to this News: Information about VERBIO Vereinigte BioEnergie AG (VERBIO) VERBIO is one of the leading independent producers and suppliers of biofuels, and is also the only large-scale producer of biodiesel, bioethanol and biomethane in Europe. The annual production capacity amounts to approximately 660,000 tonnes of biodiesel, 260,000 tonnes of bioethanol and 750 gigawatt hours of biomethane. The Company produces its highly efficient fuels using internally developed, energy efficient production processes and innovative technologies. VERBIO's biofuels achieve CO2 reductions of up to 90 percent compared to petrol or diesel. VERBIO delivers its products directly to European oil companies, oil trading companies, independent filling stations, freight forwarders, municipal utilities and vehicle fleets. In addition VERBIO markets high-quality pharmaceutical glycerine for the consumer goods and cosmetics industry (glycerine is produced as a by-product in the production of biodiesel) as well as animal feed and fertiliser, a by-product of bioethanol and biomethane production. Within the Group, VERBIO Vereinigte BioEnergie AG acts as a management holding company. The operative business is conducted by the subsidiaries VERBIO Diesel Bitterfeld GmbH, VERBIO Diesel Schwedt GmbH & Co. KG, VERBIO Diesel Canada Corporation, VERBIO Ethanol Schwedt GmbH & Co. KG, VERBIO Zörbig GmbH, VERBIO Agrar GmbH, VERBIO Logistik GmbH and VERBIO Polska Sp. z o.o. The VERBIO share (ISIN DE000A0JL9W6/WKN A0JL9W) has been listed in the prime standard segment of the Frankfurt Stock Exchange since October 2006. Important notice
22-Jan-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | VERBIO Vereinigte BioEnergie AG |
Ritterstraße 23 (Oelßners Hof) | |
04109 Leipzig | |
Germany | |
Phone: | +49 (0)341 308530-0 |
Fax: | +49 (0)341 308530-998 |
E-mail: | [email protected] |
Internet: | www.verbio.de |
ISIN: | DE000A0JL9W6 |
WKN: | A0JL9W |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 959129 |
End of Announcement | DGAP News Service |
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959129 22-Jan-2020 CET/CEST
VERBIO Vereinigte BioEnergie AG Stock
We see a rather positive sentiment for VERBIO Vereinigte BioEnergie AG with 6 Buy predictions and 1 Sell predictions.
With a target price of 30 € there is a hugely positive potential of 91.08% for VERBIO Vereinigte BioEnergie AG compared to the current price of 15.7 €.