Biome Technologies PLC

2011

Biome Technologies Releases Q3 Trading Update Friday, 4th November 2011

Trading Update

Group revenues were £15.3m in the nine months to 30 September 2011 (Q3 2010: £10.3m). This reflected a 110% increase in bioplastic sales made by the UK based Biome Bioplastics, a 34% increase in sales in Stanelco RF Technologies division and a 29% increase in third party sales at the Biotec joint venture. The Group's cash position at 30 September 2011 was £3.0m (30 June 2011: £3.6m).

Bioplastics Division

Revenues in the Bioplastics Division increased from £8.5m to £12.9m in the nine months to 30 September 2011. This was comprised of revenues of £5.3m at Biome Bioplastics and £7.6m from 3rd party sales at the Biotec joint venture in the period.

In the third quarter, Biotec revenues were £2.7m (Q3 2010: £1.7m) benefiting from further abatement of capacity constraints in the supply chain and allowing some stock build within the business. Biome Bioplastics has achieved substantial growth in 2011 compared to comparative quarters in 2010. Q3 sales were £1.7m (Q3 2010 £0.9m). We continue to expect some quarterly volatility as the market reacts to easing of supply constraints.

Stanelco RF Technologies Division

The Stanelco RF Technologies Division continues to perform in line with management expectations with revenues increasing by 34% to £2.4m in the nine months to 30 September 2011. Phasing of sales of furnaces has been skewed to H1 in 2011 and Q3 revenues were £0.6m, below the £0.8m of Q3 2010. Progress continues to be made in broadening the business reach in the industrial marketplace.

Outlook

Trading performance remains in line with the Board's expectations for the year and we are well placed to continue delivering on our strategy through the remainder of 2011 and into 2012.

Interview with Biome Technologies CEO, Paul Mines Wednesday, 7th September 2011

Biome Technologies Presents at Proactive Investors Event in London Wednesday, 7th September 2011

Biome Technologies presented its business and H1 performance at the Proactive Investors One2One Investor Forum on Wednesday 7 September held at the Chesterfield Mayfair Hotel in London.

This event was attended by sophisticated and private investors, private client brokers, fund managers, financial institutions, hedge funds, buy and sell side analysts and journalists.

The Company outlined the dynamics of the rapidly growing bioplastics market and the performance of Biome Bioplastics.  The presentation made at the event can be found here.

Biome Bioplastics publishes: "Bioplastics: an important component in global sustainability" Thursday, 1st September 2011

Biome Bioplastics launches an interesting new paper, written by Chris Goodall, that explores the scientific and market drivers behind the growing bioplastics revolution.

The bioplastics market is a rapidly evolving and interesting dynamic space and we are often asked to explain what is going on and why bioplastics are an important part of building a more sustainable economy.  Chris Goodhall has now written a fascinating paper on this subject. Click here to visit the Biome Bioplastics homepage and to read his paper titled: Bioplastics: an important component in global sustainability.

Chris Goodall is one of the UK’s leading writers on energy and the environment, specialising in quantitative analysis of complex issues. After a long career in business, he has published three books on green issues since 2007, including the award winning How to Live a Low-carbon Life and  Ten Technologies to Fix Energy and Climate, which was one of the FT’s Books of the Year. He is a regular speaker at science and literary festivals and broadcasts on radio and TV. His web site, Carbon Commentary, is part of the Guardian Environment Network.

Biome Technologies Releases 2011 Interim Results Wednesday, 31st August 2011

With Group revenue up 55% to £10.4m and both the Bioplastic and RF Divisions profitable for the first time, the business moved forward significantly in the first half.  A full copy of the results can be read here.

The presentation that accompany these results can be found here.

Biome Technologies to present at Proactive Investors One2One Forum 07-09-2011 Monday, 8th August 2011

Biome Technologies will present at the Proactive Investors One2One Investor Forum on Wednesday 7 September. This will be held at the Chesterfield Mayfair Hotel in London.

The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canape and wine reception.

This event is suitable for the following: Sophisticated and private investors, private client brokers, fund managers, financial institutions, hedge funds, buy and sell side analysts and journalists. The event is not suitable for people pursuing commercial opportunities.

More details and registration can be found here

View Biome Technologies profile on Proactive Investors here

Biome Technologies Presentation at Proactive Investors Manchester Thursday, 30th June 2011

The presentation given at the Manchester Procative Investors One2One Forum is now available on the website here

Biome Technologies to present at Proactive Investors One2One Investor Forum Manchester 29-06-11 Monday, 27th June 2011

 

Biome Technologies will present at the Proactive Investors One2One Investor Forum on 29 June.  This will be held at the Lowry Hotel, 50 Dearmans Place, Chapel Wharf, Manchester, M3 5LH.
The presentations will start at 6:00pm and finish at approx 8:00pm. After the presentations are complete the directors will also be available to take questions during a free canapé and wine reception.
 
This event is suitable for the following: Sophisticated & private investors, private client brokers, fund managers, financial institutions, hedge funds, buy & sell side analysts and journalists.
The event is not suitable for people pursuing commercial opportunities.

More details and registration can be found here.

View Biome Technologies profile on Proactiveinvestors here

Biome Bioplastics and the UK Government's Zero Waste Strategy Monday, 13th June 2011

Today the Environment Secretary, Caroline Spelman announced the results of the Government’s review of waste policy in which it has been recognised that the UK lags the field in terms of waste management. Biome Bioplastics welcomes the direction set out in this review and believes it is well positioned to deliver the materials that can assist the Government in its pledge to make the UK “a first-class zero-waste economy.”

Speaking at the Chartered Institute of Waste Management conference, Caroline Spelman said “for too long, we’ve lagged behind the rest of Europe, although we are catching up fast. Communities and businesses can help us become a first-class zero-waste economy and unlock the real value in the goods that people no longer want.”

Of particular interest for Biome Bioplastics, the strategy announced includes the encouragement of waste disposal by both composting and anaerobic digestion (“AD”). These two material/energy recovery routes can both be facilitated by materials made by Biome Bioplastics and provide a natural end-of-life solution to bioplastic products.

Regarding AD a strategy and action plan has also been published today, of which it is said by DEFRA “will enable a thriving industry to grow in England over the next few years, delivering new green jobs as well as new green energy.”

On composting, at a micro level the review notes that “home composting for just one year can save the equivalent to all the CO2 one kettle produces annually, or a washing machine produces in three months”. At a national level the review recognises that the composting industry has grown rapidly in recent years and resolves that the government will support sustainable growth in this area.

Biome Bioplastics supplies an extensive range of highly functional bioplastics that replace existing oil based materials in a wide variety of applications. Naturally sourced these bioplastic polymers have a high sustainable content and are biodegradable and compostable. The products meet the national and international standards for composting such as DIN CERTCO and OK Compost.

Speaking about the Zero Waste strategy Paul Law, MD Biome Bioplastics said: "It is good to see that the government has recognized that a coordinated strategy is required in this area. Demand for Biome Bioplastics has been accelerating in continental Europe for some time, now we look forward to taking an active part in driving sustainable growth in the UK”.

Biome Announces Q1 Trading Update Thursday, 5th May 2011

Group revenues increased from £2.6m to £5.6m in the three months to 31 March 2011, an increase of 113% compared with the same period last year.  This reflected a 96% increase in bioplastic sales made by Biome Bioplastics (the UK based bioplastics business), a 110% increase in third party sales from the Group’s joint venture, Biotec and a 179% increase in sales in Stanelco RF Technologies division.

The Board announced on 5 May a secured debt facility of up to £2.0m with Fortis Commercial Finance.  Given the rate of increase in revenue in the first quarter, this facility will provide access to additional working capital funding for Biome Bioplastics to support such a growth path.  This facility has a two year term and its quantum is governed by various attributes of the debtor balance of Biome Bioplastics. The Group had a cash balance of £3.5m at 31 March 2011.

More details can be found here.

Biome Technologies Annual Report and Accounts and Notice of AGM Sunday, 27th March 2011

Biome Technologies plc announces that it has today dispatched to shareholders its Annual Report and Accounts for the year ended 31 December 2010 together with the Notice of Annual General Meeting.   Copies of these documents are now available on the Company's website at www.biometechnologiesplc.com./reports.php .

The Annual General Meeting of the Company will be held on Thursday 5 May 2011 at 11.00am at the offices of Financial Dynamics, Holborn Gate, 26 Southampton Buildings, London WC2A 1PB

New Broker Appointed Thursday, 17th February 2011

The Directors are pleased to announce the appointment of Daniel Stewart & Company plc as the Company’s Nominated Adviser and Joint Broker with immediate effect. The Company has also appointed First Columbus Investments as its Joint Broker.

These appointments follow a careful review and selection process designed to ensure that businnes has an appropriate broker team to address its current and future investment community.

The press release on this can be found here.

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