BIOPETROL INDUSTRIES AG boosted consolidated sales revenue by nearly 35% in the first three months of financial year 2007 to €42.3 m (previous year: €31.4 m). Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by 8.1% to €2.0 m (previous year: €1.9 m). Gross profit fell by 14% to €3.9 m (previous year: €4.5 m). The reasons were falling biodiesel prices triggered by a drop in demand due to B100 taxation in Germany and due to non-optimal production costs during the start-up phase at Rostock. As a result, the gross profit margin at 9.2% was below the previous year’s
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