DGAP-Adhoc: VERBIO invests EUR 100 million in a bioethanol facility - FY 2006 in line with expectations
Hamburg/Zörbig, December 18, 2006 - VERBIO Vereinigte BioEnergie AG plans to build a bioethanol facility in the seaport of Rostock in 2007. The company intends to construct a plant with an annual capacity of 200,000 tons of ethanol. The total investment sum is expected to be around EUR 100 million. Production launch is scheduled for the 4th quarter of 2008. As with each of the company's existing ethanol plants, the new facility will be able to process all common crop types. The required crop quantities (approx. 680,000 tons/year) can be sourced either in the direct vicinity of the plant or received by ship or rail. Rostock is an ideal location with regard to transporting ethanol within Germany, as well as exporting it to northern Europe.
For the fiscal year 2006, the company expects consolidated Group revenues of around EUR 450 million with an EBIT margin of about 11% to 12%. Before special items (depreciation of intangible assets, IPO costs and structural costs for establishing the AG), the EBIT margin is expected to be between 12% to 13%.
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