VERBIO Vereinigte BioEnergie AG

Earnings Release • Nov 14, 2006

News Details

Ad-hoc | 14 November 2006 08:45

VERBIO Vereinigte BioEnergie AG: Interim report as of 30.09.06

Ad hoc announcement transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. —————————————————————————— Hamburg/Zörbig, November 14, 2006. VERBIO Vereinigte BioEnergie AG (ISIN DE000A0JL9W6) posted sales revenue of EUR 325.7 million in the first nine months of 2006. Revenue is thus up 14.4% or EUR 41.1 million over 2005 as a whole* (EUR 284.6 million) after just nine months. The company’s EBIT margin before special items rose to 13.8% for the first nine months (2005 as a whole*: 8.8%) and after special items to 12.0% (2005 as a whole*: 8.4%). Special items amounting to EUR 5.8 million have to be taken into account in the Group’s operating result (2005 as a whole*: EUR 1.1 million). They concern amortisation of intangible assets, structural costs for the development of the AG and IPO costs. In total, consolidated EBIT reached EUR 44.8 million before special items and EUR 39.0 million after special items. Of this total, EUR 40.8 million (before special items) was generated by the Biodiesel segment and EUR 5.8 million by the Bioethanol segment (after special items: EUR 36.7 million and EUR 4.1 million, respectively). The segments Energy and Others posted a combined EBIT result of EUR -1.8 million for the first nine months. The increase in cash flow from operating activities in the first nine months of 2006 to EUR 37.5 million (2005 as a whole*: EUR 18.4 million) underlines the strong improvement in the company‘s operating business. Consolidated revenue for the months July to September 2006 amounted to EUR 120.3 million. Consolidated EBIT reached EUR 14.6 million before special items and EUR 11.2 million after special items. Consolidated net profit for this period stood at EUR 6.4 million. Earnings per share amount to EUR 0.13 for the period July to September 2006 and EUR 0.51 for the first nine months of 2006 (2005 as a whole*: EUR 0.23). Viewed on an annual basis, the Management Board expects that VERBIO will achieve significant growth in consolidated revenues and results for the Group in comparison with previous year’s figures. *IFRS consolidated pro forma financial statement for the period 1.1.-31.12.2005 The interim report as of September 30, 2006 was published today and is available at www.verbio.de. Contact VERBIO Vereinigte BioEnergie AG Alexandra Muehr Tel.: (+49) 34956 / 303 985 Fax: (+49) 34956 / 303 99 E-mail: pr@verbio.de Important Note This Ad hoc announcement contains forward-looking information, which is based on assumeptions and estimates of the company management of VERBIO Vereinigte BioEnergie AG. Even though company management believes that these assumptions and estimates are correct, the actual future development and actual future results can deviate substantially from these assumptions and estimates due to many factors. For example, these factors can include alteration of the economic situation, legal and regulatory constraints in Germany and the EU, and changes in the industry. VERBIO assumes no liability and provides no warranty that future developments and actual future results will agree with the assumptions and estimates expressed in this interim report. (c)DGAP 14.11.2006 ————————————————————————— Language: English Issuer: VERBIO Vereinigte BioEnergie AG Thura Mark 18 06780 Zörbig Deutschland Phone: +49 (0)34956-303 90 Fax: +49 (0)34956-303 99 E-mail: pr@verbio.de WWW: www.verbio.de ISIN: DE000A0JL9W6 WKN: A0JL9W Indices: Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin-Bremen, Stuttgart, Düsseldorf, München End of News DGAP News-Service —————————————————————————