31.03.2015

(Grambach, 31 03 2015): BDI - BioEnergy International AG, the leading technology supplier and specialised plant manufacturer in the waste to value field, reported a decline in revenues of 53.9% to EUR 16.3 million in the financial year 2014. The reason for this was the delay in the implementation of two major BioDiesel projects. The operating result (EBIT) in the reporting period was EUR -5.0 million (previous year: EUR 2.6 million). Due to a positive financial result (including taxes) the result for the period was improved to EUR -1.7 million but remains below previous years' level (previous year: EUR 3.2 million). With an on-going high order backlog and an excellent equity base BDI is well prepared for the future. In the financial year 2014, a dividend of 1.10 Euro per share was distributed.

The two major BioDiesel projects in Croatia and the Netherlands got delayed due to difficulties in the project financing and the regulatory approval. Therefore, the order to cash through the high order backlog in 2014 did not go according to plan, which contributed significantly to the negative EBIT in 2014. Taking into account the EUR 20.0 million project in Croatia (which we currently assess as restrained) the order backlog as at 31st of December 2014 amounted to EUR 73.9 million (previous year: EUR 74.1 million).

With the signing of a contract for the engineering and the delivery of a Multi-Feedstock BioGas plant in Poland, BDI has set a further milestone in the field of biogas production, based on waste. Successes in the BioDiesel segment were the hand-over of a Multi-Feedstock BioDiesel plant in Hong Kong, the opening of the converted BioDiesel plant in Greece and the delivery of engineering services and equipment to the USA. The after-sales business developed exceptionally well and for the first time achieved revenues of more than EUR 2.0 million, which is evidence for the quality of the customer service of BDI.

At the German subsidiary UIC the laboratory and R&D capacities were extended and a new, modern market presence was created. Thereby, UIC has taken first successful steps towards the transformation from a pure component to an process unit supplier.

The cash flow from operating activities declined in the financial year 2014 from EUR 9.6 million in the previous year to EUR -4.1 million. With securities, cash and cash-equivalents amounting to EUR 36.2 million at the end of the year and an equity base of EUR 47.8 million - corresponding to an equity ratio of 69.7% - BDI is well prepared for the future.

BDI is planning future growth through the expansion of the business model via acquisitions in the green-tech segment and the commercialization of innovations from its own research and development. Initial successes in the implementation of research work are the construction of the algae pilot facility and the successful test of the bioCRACK pilot project in the OMV refinery in Schwechat.

The annual report 2014 of BDI - BioEnergy International AG is available for downloading under the following link: Annual Report 2014


About BDI - BioEnergy International AG
BDI - BioEnergy International AG is market and technology leader in the construction of customised BioDiesel plants using the Multi-Feedstock Technology the company has developed itself, which can manufacture BioDiesel from different raw materials, such as Vegetable Oils, Used Cooking Oils and Animal Fats.

BDI has specialised in the development of technologies that make optimum use of resources in the industrial processing of by- and waste products ever since it was established in 1996 and owns an extensive patent portfolio that has resulted from its in-house research and development activities. As a leading constructor of special plants, BDI also supplies efficient plant concepts in the from waste to value field that are designed to produce BioGas from industrial and municipal waste. The range of services includes public authority, basic and detailed engineering, installation and start-up as well as after-sales support.

BDI - BioEnergy International AG and the companies it consolidates currently have 110 employees. The shares of BDI - BioEnergy International AG (ISIN AT0000A02177) are listed in the General Standard/Regulated Market at Frankfurt Stock Exchange.


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