Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

VERBIO VEREINIGTE BIOENERGIE AG

(VBK)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

VERBIO Vereinigte BioEnergie : Germany's Verbio boosts sanitiser output as bioethanol demand drops

04/17/2020 | 08:51am EST

Germany?s Verbio is undertaking a major expansion of hand sanitiser and disinfectant production to meet huge demand created by the coronavirus pandemic while sales bioethanol falter, its CEO said on Friday.

?We are currently in a position to substantially compensate for the reduction in demand for bioethanol in the fuel market for our company through production for disinfectants,? CEO Claus Sauter told Reuters, without providing detailed figures.

?We can currently produce about 80,000 litres of disinfectants per week. We could in the short term expand this capacity into the million-litre sector.?

The company has received rapid approval from German authorities to produce finished disinfectants for both hand and area cleaning using bioethanol and glycerine from its own output.

?Our customers already include many pharmacies, hospitals, care services, ambulance services, public sector institutions and hospitals throughout Germany,? Sauter said.

Germany and other EU countries blend gasoline and bioethanol as part of programmes to protect the environment.

But lockdowns in Germany and across Europe have greatly reduced driving and hit demand for both gasoline and bioethanol.

(Reporting by Michael Hogan; editing by Jason Neely)


ę Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
JASON CO., LTD. 0.00% 455 Delayed Quote.-3.81%
VERBIO VEREINIGTE BIOENERGIE AG -6.75% 47 Delayed Quote.-22.06%
All news about VERBIO VEREINIGTE BIOENERGIE AG
2021VERBIO VEREINIGTE BIOENERGIE : commences production of biofuels in Iowa, USA
PU
2021VERBIO AG : Receives a Buy rating from Hauck & Aufhauser
MD
2021VERBIO VEREINIGTE BIOENERGIE AG : VERBIO increases EBITDA earnings forecast for the financ..
EQ
2021VERBIO AG : Gets a Buy rating from Hauck & Aufhauser
MD
2021VERBIO Vereinigte BioEnergie AG Reports Earnings Results for the First Quarter Ended Se..
CI
2021VERBIO VEREINIGTE BIOENERGIE AG : Results for the first quarter of the financial year 2021..
EQ
2021VERBIO AG : Gets a Buy rating from Hauck & Aufhauser
MD
2021FROM ZERO TO “SDAX” IN 1 : VERBIO celebrates the fifteenth anniversary of its ..
PU
2021VERBIO AG : Gets a Buy rating from Hauck & Aufhauser
MD
2021VERBIO AG : Hauck & Aufhauser gives a Buy rating
MD
More news
Analyst Recommendations on VERBIO VEREINIGTE BIOENERGIE AG
More recommendations
Financials
Sales 2022 1 299 M 1 470 M 1 470 M
Net income 2022 138 M 156 M 156 M
Net cash 2022 19,0 M 21,5 M 21,5 M
P/E ratio 2022 21,8x
Yield 2022 0,46%
Capitalization 2 970 M 3 360 M 3 359 M
EV / Sales 2022 2,27x
EV / Sales 2023 2,23x
Nbr of Employees 892
Free-Float 50,1%
Chart VERBIO VEREINIGTE BIOENERGIE AG
Duration : Period :
VERBIO Vereinigte BioEnergie AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends VERBIO VEREINIGTE BIOENERGIE AG
Short TermMid-TermLong Term
TrendsBearishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 4
Last Close Price 47,00 €
Average target price 77,88 €
Spread / Average Target 65,7%
EPS Revisions
Managers and Directors
Claus Sauter Chairman-Management Board & CEO
Alexander von Witzleben Chairman-Supervisory Board
Bernd Sauter Co-Chief Operating Officer-Procurement & Logistics
Ulrike Krńmer Deputy Chairman-Supervisory Board
Klaus Niemann Member-Supervisory Board
Sector and Competitors
1st jan.Capi. (M$)
VERBIO VEREINIGTE BIOENERGIE AG-22.06%3 612
ITM POWER PLC-31.07%2 561
NEL ASA-15.09%2 127
RENEWABLE ENERGY GROUP, INC.-2.85%1 992
GREEN PLAINS INC.-8.20%1 608
LONGYAN ZHUOYUE NEW ENERGY CO., LTD.29.25%1 429