11.08.2016
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DGAP-News: BDI - BioEnergy International AG achieves considerable sales increase
DGAP-News: BDI - BioEnergy International AG / Key word(s): Half Year Results
BDI - BioEnergy International AG achieves considerable sales increase
11.08.2016 / 08:06
The issuer is solely responsible for the content of this announcement.
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Press release
Results for the 1st half of 2016
BDI - BioEnergy International AG achieves considerable sales increase
(Grambach, 11.08.2016) The implementation of the major projects in Great
Britain as planned and a good financial result made sure the company
performed successfully in the first half of 2016.
BDI - BioEnergy International AG increased sales by 32.5% to a total of EUR
15.5 million due to the implementation of various major projects as planned
(previous year: EUR 11.7 million). Due to this, earnings before interest
and taxes improved by EUR 1.9 million over the previous year
(-EUR 2.9 million) to -EUR 1.0 million. Based on the good financial result
incl. taxes, the earnings for the period were positive and amounted to EUR
0.4 million (previous year: EUR 0.6 million).
The down payments received in the previous year for the projects in Great
Britain have been exhausted to a large extent corresponding the project
progress. As a result operating cash flow was negative at -EUR 12.1
million. The liquid funds were increased by EUR 1.2 million over the same
period the previous year to EUR 17.7 million in spite of this.
Sound equity position provides a good basis for the future
The equity ratio was 64.1% in the first half of 2016 (previous year:
62.4%). In spite of the dividend distribution of EUR 1.9 million, equity
increased by 2.5% to EUR 49.3 million as of 30.06.2016 (previous year: EUR
48.1 million). Together with the large portfolio of securities and the high
level of liquid funds amounting to EUR 44.7 million as of the reporting
date, BDI is in a strategically good financial position.
Current project business
The Austrian biogas project - the brewer's grain fermentation plant for
Brauerei Göss - was in the start-up phase in the first half of 2016. This
is an important biogas reference plant for the brewery and beverage sector.
The positive response in the form of visits by numerous international
delegations, awards and positive press reports suggests that BDI can hope
to obtain commissions for subsequent projects.
In the biodiesel plant operations, the high FFA esterification unit project
in Great Britain was in the process of being transferred to the customer as
scheduled in the first half of 2016. What is involved here is the
construction of a plant for the processing of commercial and industrial
waste fats that have a very high free fatty acid (FFA) content. The second
project for the customer Argent Energy Ltd. - construction of a multi-
feedstock biodiesel plant - will be completed in the coming year.
The major RetroFit project in California was in the preparatory phase
preceding cold testing and start-up. With the implementation of the BDI
RetroFit technology, we are making it possible not only to improve the
quality of the biodiesel but also to increase raw material flexibility.
This project will be handed over to the customer as expected before the end
of this year.
In addition to numerous small projects, the after-sales operations also
developed steadily and again generated sales of EUR 1 million in the first
half of the year (previous year: EUR 1 million).
The chemical processing segment - which is represented by the German
subsidiary UIC GmbH in Alzenau - developed as planned in the first half of
2016. Particular attention should be drawn here to the opening of the
modern new technical facilities.
Development of the algae resource astaxanthin in the newly created
operations organised in BioLife Science GmbH is now close to the start of
industrial production. BDI is confident that it will be able to establish
itself successfully in the booming life science market with this material.
The financial report about the first half of 2016 can be downloaded via the
following link:
http://www.bdi-bioenergy.com/en-interim_reports-119.html
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. In the "From Waste to Value" field BDI
supplies efficient plant concepts that are designed to produce BioGas from
industrial and municipal waste. Together with its subsidiary UIC GmbH, BDI
is also active in the field of vacuum distillation. UIC GmbH supplies
equipment and components for the gentle distillation of liquid mixtures in
both rough and fine vacuum. In the Life Science segment, BDI creates with
its fully-owned subsidiary BDI - BioLife Science GmbH new standards in the
production of valuable algae-based products. This innovation enables the
development of processes and equipment of the production and use of algae
biomass.
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. Our 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 circa 130 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:
Mag. Andreas Ehart
Member of the Board, CFO
BDI - BioEnergy International AG
Parkring 18
A-8074 Raaba-Grambach
Tel: +43 (0) 316 4009 100
Fax: +43 0) 316 4009 110
www.bdi-bioenergy.com
[email protected]
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11.08.2016 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.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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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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