DGAP-News: BDI - BioDiesel International AG makes confident start to 2010
(firmenpresse) - BDI - BioDiesel International AG / Quarter Results
12.05.2010 08:01
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Interim report about the 1st quarter of 2010
- Positive market response to new 'RetroFit' programme
- Joint venture established in Brazil
- Higher sales than in same period the previous year
- EBIT margin of 12.5 per cent
(Graz, 12. May 2010) The Austrian company BDI - BioDiesel International AG
has made a good start to the new 2010 fiscal year. Sales in the first three
months of 2010 were substantially better than in the previous year and
profitability was increased. The current orders on hand represent a sound
basis for utilisation of the company's capacities in 2010. The company has
also received very positive feedback from the market about its new products
and services.
'There is considerably more optimism in our target markets: demand for
increases in the capacity of existing plants from BDI customers has, for
example, increased in recent months. Great interest is in addition being
shown in our new 'RetroFit' project - a programme for optimising existing
BioDiesel plants manufactured by other suppliers', explains Wilhelm Hammer,
CEO of BDI - BioDiesel International AG. 'We are expecting the global
economic recovery and the efforts made to reach the climate targets set for
2020 to have a positive impact on the implementation of BioEnergy
projects.'
Sales and earnings growth in the 1st quarter
BDI's sales in the first three months of the current fiscal year increased
by 49.4 per cent, from EUR 7.2 million in the previous year to EUR 10.8
million. The operating result (EBIT) rose accordingly to EUR 1.3 million
from EUR 0.7 million in the same quarter the previous year. The EBIT margin
went up from 9.7 per cent to 12.5 per cent. Period earnings also increased
by 47.2 per cent, from EUR 0.7 million to EUR 1.1 million. Earnings per
share therefore amounted to EUR 0.28 compared with EUR 0.19 in the previous
year.
The total orders on hand at the beginning of the year guaranteed
utilisation of the capacities in the first quarter and amounted to EUR 30.8
million on 31. March 2010 following EUR 21.1 million in the previous year.
The cash flow from operating activity was positive in the 1st quarter of
2010 at EUR 0.4 million compared with EUR - 2.8 million in the same period
the previous year.
BDI's equity level was still very high at the end of the quarter at EUR
69.3 million. The equity ratio increased from 66.8 per cent to 71.4 per
cent. The strength of BDI's financial resources continues to be a crucial
factor in making further acquisitions and investments in research and
development.
BDI has strengthened its sales team even more in order to intensify its
operations in such markets of the future as Eastern Europe, the CIS states,
North and South America, South-East Asia and India. In Brazil, one of the
most important BioDiesel markets in the world, the joint venture with
Tecnal, a local plant manufacturer, will enable BDI to act as a single,
integrated, local supplier of the entire value-added chain.
BDI has laid the foundations for fresh growth via its new strategic focus
and intensive R&D operations. In order to facilitate further expansion of
the product portfolio, the company will in addition be investigating
further possible acquisitions that are sensible additions to the current
range in the waste-to-energy field.
Further information is available from www.bdi-biodiesel.com.
The interim report about the 1st quarter of 2010 can be downloaded from:
http://www.bdi-biodiesel.com/images/InterimFinancialReport_Q1_2010.pdf
About BDI - BioDiesel International AG
BDI - BioDiesel International AG is market and technology leader in the
construction of customised BioDiesel plants using the multi-feedstock
process the company has developed itself, which can manufacture BioDiesel
from different raw materials, such as vegetable oils, used cooking oils and
animal fats. The company 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 manufacturer of special plants, BDI -
BioDiesel International AG also supplies efficient plant concepts in the
waste to energy field that are designed to obtain high-quality omega-3
fatty acids and to produce BioGas from industrial waste. The range of
services includes public authority, basic and detailed engineering,
installation and start-up as well as after-sales support. BDI - BioDiesel
International AG and the companies it consolidates currently have more than
130 employees. The shares in BDI - BioDiesel International AG (ISIN
AT0000A02177) are listed in the Prime Standard/Regulated Market at
Frankfurt Stock Exchange.
Contact for further information:
Klaudia Schober, MSc
Corporate Communications&Marketing
BDI - BioDiesel International AG
Parkring 18
A-8074 Grambach/Graz, Austria
Tel: +43 / 316 / 4009 - 100
Fax: +43 / 316 / 4009 - 110
www.bdi-biodiesel.com
bdi(at)bdi-biodiesel.com
12.05.2010 08:01 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Language: English
Company: BDI - BioDiesel International AG
Parkring 18
A-8074 Grambach/GrazÖsterreich
Phone: +43 - 316 - 4009-100
Fax: +43 - 316 - 4009-110
E-mail: bdi(at)bdi-biodiesel.com
Internet: www.bdi-biodiesel.com
ISIN: AT0000A02177
WKN: A0LAXT
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, München, Stuttgart
End of News DGAP News-Service
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Datum: 12.05.2010 - 08:01 Uhr
Sprache: Deutsch
News-ID 20738
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