BDI-BioEnergy Int'l finds financial success in first half of 2013

BDI-BioEnergy International AG has achieved the planned turnaround in spite of the difficult market conditions: in the first half of 2013, sales were increased and positive earnings were generated. Sales in the first half of the year amounted to €16.6 million (approximately $22 million) and were therefore 9.7 percent higher than in the previous year (€15.2 million, or $20.14 million). Earnings before interest and taxes (EBIT) increased from €0.4 million ($.53 million) to €0.7 million ($.93 million). So the proposed turnaround has been achieved following the transition year in 2012. 

The cash flow from operating activity improved considerably to €3.3 million ($4.37 million) in the first half of the year, compared with -€8.7 million (-$11.53 million) in the previous year. BDI continues to have very strong equity of €51.4 million ($68.1 million), representing an equity ratio of 69.3 percent, with the help of which strategic optimization of the business operations is possible. The annual shareholders’ meeting confirmed the concept for future growth via an extension of the business model involving a broadening of the core skills in the green tech field through innovations in research and development and through acquisitions.

Following a successful startup, the first multifeedstock biodiesel plant in Portugal with a capacity of 25,000 tons per year (7.5 MMgy) was handed over to the customer. Inferior residual and waste materials are processed into high-quality biodiesel in this plant. Performance testing of the biodiesel plant in Mogilev (Belarus) was completed successfully too.

In the first half of the year, BDI was commissioned to optimize a biodiesel plant in Southeast Europe, to carry out the engineering for a multifeedstock plant and to complete various preengineering projects as well as other projects in the fine vacuum distillation segment. The current orders on hand total €11.6 million ($15.37 million). Combined with the existing sales pipeline, they form the basis for utilizing the capacities and for guaranteeing positive earnings for the year.

The interim report about the first half of 2013 can be downloaded in German language here. 

A shortened interim report in English can be downloaded here.