Verbio SE (CHIX:VBKd)
€ 12.77 (0%) Market Cap: 779.24 Mil Enterprise Value: 959.27 Mil PE Ratio: 0 PB Ratio: 0.89 GF Score: 72/100

Q1 2025 Verbio SE Earnings Call Transcript

Nov 12, 2024 / 07:30AM GMT
Release Date Price: €15.29

Key Points

Positve
  • Production volumes increased year over year, particularly in ethanol, driven by better utilization across all regions.
  • The equity ratio remained stable at 65%, indicating a strong balance sheet.
  • North American operations showed improved performance compared to the previous year, despite lower spreads.
  • The company is strategically positioned to benefit from the shift to a green economy, with investments in key projects like South Bend Ethanol and specialty chemicals in Germany.
  • The potential positive impact of the German Ministry of Environment's draft proposal on greenhouse gas quota prices is expected in the second half of the financial year.
Negative
  • EBITDA declined significantly to minus EUR6.6 million due to challenging market conditions.
  • Net debt increased to EUR63 million as the company continued to invest in key projects.
  • The decline in gross margin was primarily due to decreased sales pricing and a challenging GHG quota market.
  • Lower biodiesel prices and GHG quota sales led to a significant drop in revenues for the biodiesel segment.
  • The company faces uncertainty regarding potential impairment of greenhouse gas quota inventories, depending on future quota price developments.
Operator

Thanks for joining the Verbio Q1 F 2,425 earnings call. I'm very honored to have with me the management of Verbio CEO, Mr Sauter, the CEO and the head of Investor relations, Alina Köhler, who will both be presenting the results today. The presentation will be followed by a question and answer session. Please be aware, sale side analysts will be able to ask questions by using the microphones. We will give you some further instructions at the end of the presentation. All other participants, please use the chat box in the lower right hand corner of the system. In order for your question to be considered, please be kind enough to supply your company name and your own full name for us to qualify the question. Thank you so much. I'm looking forward now to interesting insights from Mr. Sauter and Ms. Kohler and hand over the presentation to you.

Claus Sauter
Verbio SE - Chairman of the Management Board, Chief Executive Officer

Thank you very much, Mr. Nas. So good afternoon, everyone and welcome to today's earnings call. I am here with Alina Ker, our head of Investor

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