EOP Biodiesel AG
EOP Biodiesel AG: One-off effects lead to quarterly loss
EOP Biodiesel AG / Quarter Results 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 Biodiesel AG: One-off effects lead to quarterly loss Profits below expectations – positive impulses for fourth quarter Pritzwalk, Germany, 15 May 2007 – In the first nine months of the financial year 2006/2007 (31 March 2007), EOP Biodiesel AG had a turnover of 28.7 million Euros. This is an increase of 15.7% compared to the same period in the previous financial year. The ramp-up costs of the new production plant, the higher raw material prices and the temporarily higher transport costs to supply the B5 market have negatively affected the third financial quarter. In addition, there was a weak demand of the B100 Market. 'We were expecting a decline, but not to that extend,' says CEO Prof. Dr. Karl Wilhelm Giersberg. 'Therefore, we were not yet able to fully use our extended production capacity.' EBIT for the first nine months is -0.6 million Euros. However, at the beginning of the 4th financial quarter there were positive impulses on the market and cost side, which should see a better result at the end of the financial year. EOP Biodiesel confirms its criticism of the German government: 'We will react on the chaotic biodiesel tax laws, which weakened the market and put biodiesel production base in Germany at risk, by extending and strengthening our production and supply structures abroad, mainly in Eastern Europe,' said CEO Sven Schön. 'In the interest of our employees and shareholders, we nevertheless expect that the biofuel taxation will be reduced and the mandatory blending quota will be increased.' Media Contact: equinet Communications AG Christian Dose / Volker Siegert Tel.: +49 69 5899 7308 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. DGAP 15.05.2007 ----------------------------------------------------------------------
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