FRANKFURT (dpa-AFX) - Verbio 's shares are still in free fall after the company lowered its forecast. On the trading platform Tradegate, the shares of the biofuel producer fell by a further 6.7 percent on Tuesday compared to the Xetra close, after already closing 8.4 percent lower at the beginning of the week, bringing the loss in the still young Borsen year 2024 to around 29 percent.

The previous day, the SDax company had slashed its expectations for the current financial year. Quota prices for ethanol and greenhouse gas (GHG) reduction remained under pressure, it said. As a result, the management now expects higher net debt and lower operating profit than recently.

Verbio had already disappointed investors with its profit forecasts last year. Lower biodiesel prices and high energy and raw material costs caused the company problems. With a loss of almost 51 percent, the shares were the second weakest in the SDax in 2023. However, analyst Simon Jouck from Hauck & Aufhäuser believes that the negative news has now reached its peak following the renewed profit warning on Monday./ajx/mis