Verbio Reports Challenges in Q1 2024/25; Anticipates Recovery

Verbio SE faced a challenging first quarter in 2024/25, reporting a significant downturn in EBITDA to EUR -6.6 million, compared to EUR 48.8 million in the same period the previous year. The company attributes this decline to weak market conditions for biofuels in Europe, marked by lower GHG reduction demand in Germany.

Meanwhile, investments totalled EUR 25.9 million, focusing on plant expansions and specialty chemical production. Despite struggles in the Biodiesel segment, with revenues falling to EUR 197.1 million, the company sustains optimism for the latter half of the year, expecting increased earnings driven by higher GHG quota sales.

Changes in financial asset values and commodity contracts also impacted results negatively. Verbio remains optimistic about future earnings, forecasting EBITDA between EUR 120 million and EUR 160 million for FY 2024/25, alongside strategic investments to bolster capacity in Europe and North America.