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
(PresseBox) (Pritzwalk, Germany, ) 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.

Kontakt

EOP Biodiesel AG
Am Hünengrab 09
D-16928 Pritzwalk
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