FRANKFURT (dpa-AFX) - Verbio shares found their way up again on Thursday after figures and confirmation of the outlook. They gained 3.8 percent shortly after the Borsen opening. The downward slide from the previous day's lowest price since fall 2020 has thus been halted for the time being.

Verbio had been hit hard by lower prices for biodiesel and ethanol in recent months. The SDax company had already announced in January that it would have to lower its targets for the current financial year due to the lower sales prices. The new forecast has now been confirmed.

Following the significant correction, the negative environment should now be priced into the share price, wrote Constantin Hesse, analyst at Jefferies. In the long term, CEO Claus Sauter expects higher sales prices and rising demand./ajx/stk