* Dynamic revenue and earnings growth in 2006 * Strong international demand for biodiesel plants * Outlook: EBIT margin of more than 10 per cent expected
(Graz, 30. March 2007) The Austrian company BDI - BioDiesel International AG set revenue and earnings records in the past fiscal year. The company increased its revenues by 500.3 per cent over the previous year to EUR 87.8 million. Earnings before interest and tax (EBIT) went up from EUR 0.4 million to EUR 14.0 million in the same period.
The EBIT margin increased to 15.9 per cent in the 2006 fiscal year from 2.8 per cent in the previous year. This means that the 2006 fiscal year was the most profitable in BDI's corporate history so far.
Thanks to the fast growth in the 2006 fiscal year, BDI succeeded in improving its strong position on the market as well as its status as technology leader with multi-feedstock plants. Two multi-feedstock plants and one single-feedstock plant with a total capacity of more than 175 000 tonnes per year were brought into operation last year.
Wilhelm Hammer, CEO of BDI - BioDiesel International AG: "Our total orders on hand at the end of the year amounted to EUR 99.5 million, which is a record level. Due to the favourable raw material prices for animal fats and waste edible oil, demand for multi-feedstock plants from BDI remains high. The trend with single-feedstock plants is towards larger plants. We have succeeded, for example, in obtaining orders to build two single-feedstock plants in Spain with a capacity of 200 000 tonnes per year each."
Outlook: strong international demand for BDI biodiesel plants
In addition to the orders that have already been obtained, BDI is currently holding worldwide negotiations about orders with a potential volume of far more than EUR 150 million in total. Renewable energy sources are becoming increasingly popular not only in Europe but also in other parts of the world. The International Energy Agency (IEA) is working on the assumption that the proportion of total global fuel consumption in road transport accounted for by biofuels will increase almost sevenfold between 2004 and 2030. It is expecting the highest growth rates to be achieved primarily in the USA, Europe and the emerging countries in Asia. In view of this, the company is optimistic about the future. An EBIT margin of more than 10 per cent is anticipated in 2007.
Further information is available at www.bdi-biodiesel.com.
About BDI - BioDiesel International AG
BDI - BioDiesel is one of the world's leading suppliers of complete biodiesel production plants. The services the company provides include plant planning, construction and start-up and subsequent after-sales service. BDI - BioDiesel has had in-depth experience with the production of biodiesel and owns an extensive patent portfolio that has resulted from its in-house research and development activities. The company considers itself to be among the leading international technology suppliers on the market for the production of multi-feedstock plants that can manufacture biodiesel on the basis of different raw materials, such as vegetable oils, waste edible oils and animal fats. BDI - BioDiesel International AG currently has more than 100 employees. The BDI - BioDiesel International AG shares (ISIN AT0000A02177) are listed in the Prime Standard/Regulated Market.
Press contact: Kirchhoff Consult AG Dr Kay Baden Tel. +49 40 60 91 86 39 [email protected]
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BDI - BioDiesel International AG Parkring 18 Grambach/Graz Austria
WKN: A0LAXT; ISIN: AT0000A02177; Index: Prime All Share, TECH All Share; Listed: Geregelter Markt in Frankfurter Wertpapierbörse, Prime Standard in Frankfurter Wertpapierbörse;