Earnings before interest, taxes, depreciation and amortization were E0.2 million for the first quarter of 2008, compared to E0.8 million for the same quarter of the previous year.
The company reported that construction works for the train connection at the main plant in Pritzwalk are proceeding according to plan, enabling a significant cost reduction from March 2008 onwards.
The company has almost completely withdrawn from the pure biodiesel market, as it is seeking to establish itself in the blended biodiesel category. EOP has concluded further contracts with the mineral oil industry, expecting to have high capacity use during 2008.
According to the company, Austrian biofuel firm Abid, in which EOP has a share of 56%, is attracting significant interest from the capital market, which is prompting the parent firm to consider an initial public offering.
