BDI - BIOENERGY INTERNATIONAL AG 12.11.2015
Results of the third quarter of 2015
(Grambach, November 12th, 2015) BDI - BioEnergy International AG ('BDI') started with the new strategic business segment BioLife Science in the third quarter of 2015 and has started with the construction of an industrial plant for the production of high valuable products from algae. Furthermore, BDI was commissioned with the construction of a BioDiesel plant in the UK, worth about EUR 30 million.
BDI - BioEnergy International AG developed a new process for the production of high valuable products from algae in its in-house research and development department. The newly founded 100 percent subsidiary 'BDI - BioLife Science GmbH', now invests in the construction of an own production plant at the location in Hartberg/Steiermark.
BDI reports revenues of EUR 19.9 million in the third quarter of 2015 (previous year: EUR 11.5 million). The operating result (EBIT) amounted to EUR -3.4 million in the reporting period (previous year: EUR -4.1 million) and will improve significantly by the end of the year after execution of the existing orders. Due to the positive financial result, a net profit for the period of EUR 0.7 million was achieved (previous year: EUR -1.8 million). The cash flow from operating activities of EUR 3.5 million (previous year: EUR -3.8 million) is based on advance payments from clients. Cash and cash equivalents as well as marketable securities amount to a total of EUR 49.5 million by September 30th, 2015 (December 31st, 2014: EUR 36.2 million).
Order backlog further increased
The order backlog amounted to EUR 109.8 million by the end of September 2015 (previous year: EUR 70.0 million) and was therefore significantly increased compared to the third quarter of 2014. The positive development is mainly based on the new projects in UK.
Project implementation on schedule
The implementation of the follow-up order of an existing client in the UK was successfully started. The BioDiesel project for the same client - for the treatment of commercial and industrial waste fats - which has been started beginning of the year is already in the installation phase. The BioGas plant built in Austria for the Heineken Group is currently undergoing its biological start-up. In addition, the BioGas plant in Poland is close to completion.
Well positioned for the future
With this considerable order backlog, an equity base of EUR 47.9 million and an equity ratio of 59.9 percent BDI continues to be well equipped in order to advance the strategic expansion of the business activities via a broader positioning of the core competencies in the field of green technology as well as the diversification in the BioLife Science field.
The interim report on the third quarter of 2015 is available for download under the following link:
InterimManagementStatement_Q3_2015.pdf
About BDI - BioEnergy International AG
BDI - BioEnergy International AG is market and technology leader in the construction of customized BioDiesel plants using the Multi-Feedstock Technology the company has developed itself, which can manufacture BioDiesel from different raw materials, such as Vegetable Oils, Used Cooking Oils and Animal Fats with high efficiency. As a leading constructor of special plants, BDI also supplies efficient plant concepts in the 'from waste to value' field that are designed to produce BioGas from industrial and municipal waste
BDI has specialized in the development of technologies that make optimum use of resources in the industrial processing of by- and waste products ever since it was established in 1996 and owns an extensive patent portfolio that has resulted from its in-house research and development activities. Together with our subsidiary UIC GmbH we are also working in the field of vacuum distillation, plants and components for the gentile distillation of liquid mixtures for low and medium vacuum. The range of services includes public authority, basic and detailed engineering, installation and start-up as well as after-sales support.
BDI - BioEnergy International AG and the companies it consolidates currently have 127 employees. The shares of BDI - BioEnergy International AG (ISIN AT0000A02177) are listed in the General Standard Market at Frankfurt Stock Exchange.
Contact for further information:
Andreas Ehart, MA (CFO) - Member of the Management Board
BDI - BioEnergy International AG
Parkring 18
A-8074 Grambach/Graz, Austria
Tel: +43 / 316 / 4009 - 100
Fax: +43 / 316 / 4009 - 110
www.bdi-bioenergy.com
ir@bdi-bioenergy.com
|
distributed by
|
