31.03.2015
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DGAP-News: BDI - BioEnergy International AG: Order delays negatively impact the result
DGAP-News: BDI - BioEnergy International AG / Key word(s): Final
Results
BDI - BioEnergy International AG: Order delays negatively impact the
result
31.03.2015 / 08:06
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BDI - BioEnergy International AG: Order delays negatively impact the result
(Grambach, 31 March 2015): BDI - BioEnergy International AG, the leading
technology supplier and specialised plant manufacturer in the waste to
value field, reported a decline in revenues of 53.9% to EUR 16.3 million in
the financial year 2014. The reason for this was the delay in the
implementation of two major BioDiesel projects. The operating result (EBIT)
in the reporting period was EUR -5.0 million (previous year: EUR 2.6
million). Due to a positive financial result (including taxes) the result
for the period was improved to EUR -1.7 million but remains below previous
years' level (previous year: EUR 3.2 million). With an on-going high order
backlog and an excellent equity base BDI is well prepared for the future.
In the financial year 2014, a dividend of 1.10 Euro per share was
distributed.
The two major BioDiesel projects in Croatia and the Netherlands got delayed
due to difficulties in the project financing and the regulatory approval.
Therefore, the order to cash through the high order backlog in 2014 did not
go according to plan, which contributed significantly to the negative EBIT
in 2014. Taking into account the EUR 20.0 million project in Croatia (which
we currently assess as restrained) the order backlog as at 31st of December
2014 amounted to EUR 73.9 million (previous year: EUR 74.1 million).
With the signing of a contract for the engineering and the delivery of a
Multi-Feedstock BioGas plant in Poland, BDI has set a further milestone in
the field of biogas production, based on waste. Successes in the BioDiesel
segment were the hand-over of a Multi-Feedstock BioDiesel plant in Hong
Kong, the opening of the converted BioDiesel plant in Greece and the
delivery of engineering services and equipment to the USA. The after-sales
business developed exceptionally well and for the first time achieved
revenues of more than EUR 2.0 million, which is evidence for the quality of
the customer service of BDI.
At the German subsidiary UIC the laboratory and R&D capacities were
extended and a new, modern market presence was created. Thereby, UIC has
taken first successful steps towards the transformation from a pure
component to a process unit supplier.
The cash flow from operating activities declined in the financial year 2014
from EUR 9.6 million in the previous year to EUR -4.1 million. With
securities, cash and cash-equivalents amounting to EUR 36.2 million at the
end of the year and an equity base of EUR 47.8 million - corresponding to
an equity ratio of 69.7% - BDI is well prepared for the future.
BDI is planning future growth through the expansion of the business model
via acquisitions in the green-tech segment and the commercialization of
innovations from its own research and development. Initial successes in the
implementation of research work are the construction of the algae pilot
facility and the successful test of the bioCRACK pilot project in the OMV
refinery in Schwechat.
The annual report 2014 of BDI - BioEnergy International AG is available for
downloading under the following link: Annual Report 2014
About BDI - BioEnergy International AG
BDI - BioEnergy International AG is market and technology leader in the
construction of customised 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.
BDI has specialised 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. 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. 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 110 employees. The shares of BDI - BioEnergy International
AG (ISIN AT0000A02177) are listed in the General Standard/Regulated Market
at Frankfurt Stock Exchange.
Contact for further information:
MA Andreas Ehart
CFO
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
[email protected]
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31.03.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: BDI - BioEnergy International AG
Parkring 18
A-8074 Grambach/Graz
Austria
Phone: +43 - 316 - 4009-100
Fax: +43 - 316 - 4009-110
E-mail: [email protected]
Internet: www.bdi-bioenergy.com
ISIN: AT0000A02177
WKN: A0LAXT
Listed: Regulated Market in Frankfurt (General Standard);
Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart
End of News DGAP News-Service
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