VERBIO Vereinigte BioEnergie AG announced earnings and operating results for the nine months ended March 31, 2013. For the first nine months, the company’s sales amounted to EUR 533.9 million compared to EUR 596.0 million for the same period a year ago. The loss before interest, tax and depreciations (LBITDA) came to an overall amount of EUR 0.8 million compared to earnings before interest, tax and depreciations (EBITDA) of EUR 26.3 million for the same period a year ago. In the result of the impairment test carried out on March 31, 2013 depreciations on goodwill and customer relationships in the biodiesel segment and on tangible fixed assets in the bioethanol segment amounting to EUR 102.3 million were recognized – without effects on liquidity. Furthermore the earnings before interest and taxes (EBIT) were burdened by EUR 10.8 million from lesser proceeds from the sale of biofuel quotas in the third quarter. The LBIT was therefore at EUR 120.1 million compared to EBIT of EUR 10.0 million for the same period a year ago. The financial loss remained nearly unchanged at EUR 2.9 million compared to EUR 3.0 million in the comparative period. The group loss before tax (LBT) for the operations to be continued were EUR 123.1 million compared to group earnings before tax of EUR 7.0 million for the same period a year ago. The period loss was EUR 123.1 million compared to period results of EUR 6.2 million for the same period a year ago. This results in loss per share (undiluted/diluted) was EUR 1.95 compared to earnings per share of EUR 0.10 for the same period a year ago. Fro the first nine months, overall biofuel production was at 376,919 tons (compared to 442,676 tons for the same period a year ago) and biomethane at 249,005 MWh (compared to 181,075 MWh for the same period a year ago). The company provided earnings guidance for the fourth quarter of fiscal 2013. The management board expects to be able to accomplish a positive operating result in the fourth quarter of the fiscal year 2013. The planned measures will lead to a reduction of corporate debt (working capital) by more than EUR 100 million as well as to improved profitability – while maintaining an equity ratio of approximately 50%.

VERBIO Vereinigte BioEnergie AG (XTRA:VBK) is looking forward to sell Märka Gmbh. VERBIO said it expects to report a loss of €143.3 million against a profit of €6.6 million in the same time a year ago.

VERBIO Vereinigte BioEnergie AG provided earnings guidance for the nine months ended March 31, 2013. The company will report a group period result according to IFRS of negative EUR 143.3 million as at 31 March 2013. The result in the amount of negative EUR 102.3 million is due to amortisations of goodwill, customer relations and depreciations of fixed assets, each without effects on liquidity, negative EUR 14.2 million from value adjustments to be applied to inventories, and negative EUR 10.8 million from lesser proceeds from the sale of biofuel quotas in the third quarter. The Management Board expects to be able to accomplish a positive operative result in the fourth quarter of fiscal 2013.