EOP Biodiesel AG
EOP Biodiesel AG: EOP makes its way in a difficult market environment
EOP Biodiesel AG / Miscellaneous Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- EOP makes its way in a difficult market environment EBITDA positive in the first quarter 2007/2008 – Revenue increases to 18 Mio. Euro – further contracts signed with the mineral oil industry Pritzwalk, Germany, 5 December 2007 – In the first quarter of the financial year 2007/2008 (reference date: 30 September 2007), EOP Biodiesel AG, Pritzwalk, improved its revenue to €18.1m (previous year: €10.5m), which is an increase of 72%. EBITDA was at €0.2m (previous year: €0.8m) and EBIT added up to – €0,6m (previous year up €0,4m). Construction works for the train connection at the main plant in Pritzwalk are proceeding according to plan, enabling a significant cost reduction from March 2008 onwards. EOP Biodiesel has almost completely pulled out of the market for pure biodiesel (B100 market) and established itself in the market for blended biodiesel (B5 market). 'As we do not expect a tax change in Germany anymore this was the only economical sensible step in the right direction', says CEO Sven Schön. 'We welcome the Roadmap Biofuels of the German federal government as well as the increased blending quotas which are part of it. Now, however, we expect the government to walk the talk.' EOP concluded further contracts with the mineral oil industry, expecting to have a high capacity utilization for the calendar year 2008. Growth will come from abroad in the future. The Austrian ABID AG, in which EOP has a share of 56% at the moment, experiences a significant interest from the capital market. 'An IPO is being seriously considered', according to CFO Prof. Dr. Karl-Wilhelm Giersberg. This would accelerate the expansion from Austria into South Eastern Europe. Media Contact: equinet Communications AG Volker Siegert / Christian Dose Tel.: +49 69 5899 7305 Fax: +49 69 5899 7349 Mail: communications@equinet-ag.de www.eopbiodieselag.de This announcement is neither an offer to buy nor an invitation to make an offer to purchase or subscribe to securities. No public offer of shares in EOP Biodiesel AG was made in connection with the open market launch of EOP shares on the Frankfurt Stock Exchange. This announcement does not constitute a share prospectus. It and the information that it contains are not intended for direct or indirect circulation to or within the United States of America, Canada, Australia or Japan. 05.12.2007 Financial News transmitted by DGAP ----------------------------------------------------------------------
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