BDI-BioDiesel International 2009 net profit drops 45% to €2.54m

31 March 2010 11:24  [Source: ICIS news]

LONDON (ICIS news)--BDI-BioDiesel International’s (BDI) 2009 net profit dropped 45% year on year to €2.54m ($3.4m), as its fiscal year was dominated by difficult conditions, the Austria-based biofuels technology firm said on Wednesday.

BDI's sales in 2009 also fell 45% year on year, to €33.9m, due to a low level of orders on hand at the beginning of the year and delays in order intake relating to major projects, the group said.

Despite a fall in earnings, BDI remained positive on the performance of its business.

“BDI is starting the new fiscal year well equipped, with an extended product range and innovative new technologies,” said Wilhelm Hammer, CEO of BDI.

“In recent months, we have been registering an increase in demand for expansions in the capacity of existing plants too. A great deal of interest is being shown in our new developments as well. This makes us optimistic about the future!” he added.

Looking ahead, BDI said it would be mainly concentrating on introducing its new products and entering new markets in 2010.

The company added that it has strengthened its sales team, with the aim of intensifying coverage of future markets such as eastern Europe, the Commonwealth of Independent States (CIS), North and South America, and Asia.

($1 = €0.75)

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By: Franco Capaldo
+44 (0)20 8652 3214

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