VERBIO Vereinigte BioEnergie AG reported earnings results for the first half ended December 31, 2015. For the period, the company reported an increase of EBITDA to EUR 39.1 million against EUR 25.9 million for the same period in the last year. EBIT was increased to EUR 28.7 million against EUR 14.7 million for the same period in the last year.

The company provides earnings guidance for the fiscal 2016. For the period, the company expects to achieve an EBITDA of approximately EUR 70 million and to increase net cash by the end of the financial year to approximately EUR 58 million. In its most recent previous forecast the company had expected EBITDA of approximately EUR 50 million and Net-Cash of EUR 38 million.