DGAP-News: BDI - BioEnergy International AG has laid the foundations for further global growth
(firmenpresse) - DGAP-News: BDI - BioEnergy International AG / Key word(s): Final
Results
BDI - BioEnergy International AG has laid the foundations for further
global growth
31.03.2011 / 08:01
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- 17.7% sales growth
- EBIT margin increased from 5.2% to 8%
- Expansion of the product portfolio via acquisition of a majority interest
in Enbasys GmbH
- First commission obtained to build a multi-feedstock BioGas plant
- Commission obtained to build a BioDiesel plant in Belarus
(Grambach, 31.03.2011) 2010 was a landmark fiscal year for BDI - BioEnergy
International AG: the company broadened its overall base by expanding the
product range and introducing new technologies in the 'waste to energy'
field and succeeded in continuing to strengthen its market position as a
manufacturer of special plants for producing high-quality biofuels from
by-products and waste materials. In addition to its first commission for
the construction of a multi-feedstock BioGas plant in Turkey, BDI managed
to obtain new commissions for upgrading a BioDiesel plant in Spain and for
building a BioDiesel plant in Belarus.
'Growing environmental awareness and global climate protection agreements
are increasing demand for alternative biofuels and viable long-term
solutions for the processing of industrial waste materials and by-products.
BDI is in a position to supply such solutions: our innovative
multi-feedstock BioDiesel and BioGas technology enables flexible and
economic use to be made of waste and residual materials that are available
locally and is therefore helping to reduce environmental impact and create
local added value', explains Wilhelm Hammer, CEO of BDI - BioEnergy
International AG.
The positive response from the market to BDI's 'waste to energy' solutions
is also reflected in the encouraging development of the company's sales and
earnings in the 2010 fiscal year: sales amounted to EUR 39.9 million and
were thus 17.7% higher than in the previous year (EUR 33.9 million). This
was attributable primarily to the progress made in large projects as well
as in the service field with the intensification of the after-sales
business and the optimisation of existing BioDiesel plants. Total orders on
hand on 31. December 2010 amounted to EUR 23.6 million, compared with EUR
39.3 million in the previous year.
The operating result (EBIT) improved from EUR 1.8 million the previous year
to EUR 3.2 million. This meant that the EBIT margin increased from 5.2% to
8.0%, so that it is gradually returning to the target of 10%. Earnings
before taxes (EBT) amounted to EUR 4.7 million, 84.5% higher than in the
previous year because of cost optimisation and sales growth. Period
earnings after deduction of taxes amounted to EUR 3.4 million following EUR
2.5 million in the previous year. This led to earnings per share of EUR
0.98 after EUR 0.67 in the previous year.
Strong financial resources create scope for acquisitions and investments
The BDI Annual Shareholders' Meeting held in May 2010 decided to distribute
a dividend and to make a capital repayment. BDI continued to have very
strong cash reserves, in spite of the dividend payout in 2010: the balance
sheet items 'Securities' and 'Liquid funds' totalled
EUR 57.4 million on the balance sheet date (previous year: EUR 71.5
million). Equity remained at the high level of EUR 52.3 million too. The
equity ratio decreased from 70.0% in 2009 to 55.9% due to the dividend
payment and the decision to make a capital repayment. BDI's strong
financial resources remain a crucial factor that enables further
acquisitions to be made and guarantees investments in research and
development. The cash flow from operating activity amounted to EUR 3.9
million on 31. December 2010 (previous year:
EUR 0.0 million).
BioGas is a market with a promising future
The acquisition of 51% of the shares in Enbasys GmbH in April 2010 is part
of BDI's strategy to generate growth in future and will make sure that the
company's plant construction capacities are utilised. Global demand for
BioGas projects is rising all over the world due to new legal regulations
about the processing of industrial and municipal waste. The possible
generation of added value from waste has tremendous market potential. BDI
intends to expand the BioGas plant business as a further addition to the
company's operations with the help of Enbasys technology.
Further growth planned
BDI has laid the foundations for new growth with its new products and
services. The company will be continuing to concentrate primarily on the
successful introduction of its new products and on the coverage of new
markets. In order to expand the product portfolio even more, possible
acquisitions are also being investigated that are sensible additions to the
existing range in the 'waste to energy' field.
The current orders on hand and the attractive product pipeline represent a
good basis for utilising the plant construction capacities and for
generating positive earnings in 2011. Following the successful strategic
alignment exercise, the management expects to reach the sales level of the
previous years again in the medium term and is still aiming for an EBIT
margin of up to 10%.
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
process 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 'waste to energy' field that are designed
to obtain high-quality Omega-3 Fatty Acids and to produce BioGas from
industrial and municipal waste in co-operation and synergy with the
Enbasys, being part of the BDI group. 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 more than 130 employees. The shares in BDI - BioEnergy
International AG (ISIN AT0000A02177) are listed in the Prime
Standard/Regulated Market at Frankfurt Stock Exchange.
Contact for further information:
Corporate Communications&Marketing
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
bdi(at)bdi-bioenergy.com
End of Corporate News
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Language: English
Company: BDI - BioEnergy International AGParkring 18
A-8074 Grambach/GrazÖsterreich
Phone: +43 - 316 - 4009-100
Fax: +43 - 316 - 4009-110
E-mail: bdi(at)bdi-bioenergy.com
Internet: www.bdi-bioenergy.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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117705 31.03.2011
Datum: 31.03.2011 - 08:01 Uhr
Sprache: Deutsch
News-ID 33663
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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