EOP Biodiesel AG
EOP Biodiesel AG defies tough market environment
EOP Biodiesel AG / Half Year Results Release of a Corporate-announcement, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. ---------------------------------------------------------------------- EOP Biodiesel AG defies tough market environment Sales and net-profit rose significantly during the first half of 2006/2007 – Profit margin stays roughly stable despite higher raw material costs Pritzwalk, Germany, 28 March 2007 – EOP Biodiesel AG, Pritzwalk, maintained well over the first six months of its financial year 2006/2007, which finished on 31 December 2006. This emerges from the semi-annual report, which has been published today. Revenue without mineral oil tax was up by 6.7% to 18.137 m € (last year: 17.003 m €). Net profit increased by 186% to 0.625 m € (last year: 0.218 m €). EBIT, however, was slightly down by 8% to 1.015 m € (last year: 1.105 m €). Adverse impacts came especially from a one-off effect from higher material costs as well as 20% higher energy costs. In addition, the start-up costs of the new biodiesel plant had a negative effect on the bottom line. The affiliated companies of EOP Biodiesel AG in Rumania, Poland, Latvia and Austria developed according to plan. ABID AG in Austria is scheduled to start its biodiesel plant with an initial capacity of 50,000 tons in mid-2007. Plans for a rape extraction plant at the Pritzwalk-Falkenhagen site are far advanced. The plant will increase the rape oil extraction of the rape seed pressing and will, therefore, reduce the purchase costs. By planning a biomass power plant, the energy costs are planned to be nearly cut in half. 'We continuously work on improving the cost side of our competitiveness. During this weaker market phase it is an advantage for us to have the complete value chain of biodiesel production,' says CEO Sven Schön. Although the framework of the biodiesel market has been worsened by the taxation, EOP Biodiesel AG continues to expect a stable development. In the current financial year, revenue and net profit should raise significantly compared to last year. 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. DGAP 28.03.2007 ----------------------------------------------------------------------
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