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Verbio Publishes Profit Warning: Verbio Reduces EBITDA Forecast For 2024/25 - Share Price Collapses

Leipzig, Germany - The biofuel producer Verbio has issued a profit warning. According to Verbio, one reason is unforeseen technical quality problems at the existing plant in Nevada.

These have led the Executive Board to the realization that Verbio North America will not be able to make a slightly positive EBITDA contribution in the 2024/25 financial year (July 2024 - June 2025) as previously planned.

In addition, after a detailed review, the Management Board assumes that the GHG quota prices for open GHG quota volumes will not recover sufficiently by the end of the financial year to compensate for the negative EBITDA result from the first quarter of the current financial year and GHG quota prices that are below plan and contracted to minimize risk.

However, the Executive Board is optimistic that the recovery in quota prices that is already emerging will accelerate over the course of the year. The RENIXX Group does not expect a devaluation of the GHG quota portfolio.

Verbio has therefore revised its forecast for the 2024/25 financial year. EBITDA is now expected to be in the mid double-digit million euro range (previously expected: EUR 120 million to EUR 160 million). The expectation for net financial debt at the end of the financial year remains unchanged at a maximum of EUR 190 million.

Verbio's share price collapsed in the past trading week following the profit warning. Overall, the share lost 29.5% on a weekly basis to a price of EUR 8.64 (closing price, January 17, 2025, Stuttgart Stock Exchange).



Source: IWR Online, 20 Jan 2025

 


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