VERBIO AG reported Group earnings and production results for the first quarter ended September 30, 2019. Group revenues increased by 23% to EUR 210.1 million compared to the previous year against EUR 170.7 million a year ago. The Group result before interest and taxes (EBIT) totalled EUR 17.6 million against EUR 11.0 million a year ago. The net result for the period amounted to EUR 12.1 million against EUR 7.8 million a year ago. Based on the result for the period, earnings per share are EUR 0.20 against EUR 0.12 a year ago.

The production volume of biodiesel and bioethanol in the period July 1, 2019 to September 30, 2019 increased by 8.5% to 195,706 tonnes. The production of biomethane increased by 20.9% to 186.7 GWh.