29.05.2013 EnviTec Biogas AG  DE000A0MVLS8

DGAP-News: EnviTec Biogas: Market environment remains challenging in 2013


 
DGAP-News: EnviTec Biogas AG / Key word(s): Quarter Results/Change in Forecast EnviTec Biogas: Market environment remains challenging in 2013 29.05.2013 / 12:00 --------------------------------------------------------------------- EnviTec Biogas: Market environment remains challenging in 2013 - First quarter: Sales revenues EUR 33.5 million, EBIT EUR -1.1 million, net cash flow EUR 11.9 million - Strong Own Plant Operation segment: Sales +63%, EBIT +57% - 2013 sales forecast: EUR 140 to 160 million (previously EUR 170 to 180 million) - 2013 earnings forecast: Remains EBIT positive Lohne, 29 May 2013 - The situation in the German biogas market was not satisfactory in the first quarter of 2013. The reason was a lack of confidence in the legal fundamentals. Investors who decide to build a biogas plant today cannot be certain what the legal framework will look like when the plant is taken into operation a year later. This situation has paralysed the sector since mid-2012, although the German Renewable Energy Sources Act (EEG) is generally valid until 2015. Unfortunately, however, policy-makers have repeatedly questioned this validity publicly, and spontaneous ideas such as the 'power price brake' - which has been discarded again in the meantime - have shattered confidence in the reliability of the law, sustainably. It is therefore not surprising - and against the background of the planned energy transition all the more deplorable - that demand for biogas plants in Germany has dropped sharply. 'We are urgently appealing to policy-makers to return to a reliable energy policy and to create a safe environment for investments in the move towards green energy as quickly as possible,' says EnviTec CFO Jörg Fischer. Against this background, the operating performance of EnviTec Biogas (ISIN: DE000A0MVLS8) in the first quarter of 2013 was in line with expectations. Due to the uncertainty in Germany, the year of transition in Italy and the above-average long winter, Group sales revenues declined from EUR 39.5 million to EUR 33.5 million. This is attributable to demand in the Plant Construction segment. By contrast, sales revenues in the Own Plant Operation and Service segments picked up sharply. Most importantly, the investments in the construction of own biogas plants - in the past two years alone, EnviTec invested more than EUR 80 million and meanwhile operates plants with a capacity of 52 MW - are increasingly bearing fruit. Segment revenues increased by 62.9% from EUR 8.9 million to EUR 14.5 million. Earnings before interest and taxes (EBIT) in the Own Plant Operation segment rose by a disproportionate 57.3% to EUR 2.5 million. The EBIT margin thus reached 17.4%. In addition, EnviTec received a profit of EUR 0.5 million from minority interests (accounted for using the equity method). EnviTec Biogas' total earnings before interest and taxes (EBIT) improved from EUR -1.7 million to EUR -1.1 million in the first quarter of 2013. Adjusted for one-time expenses, EBIT stood at EUR -0.6 million. Net income for the first three months of 2013 amounted to EUR -0.7 million (previous year: EUR -1.3 million), while earnings per share stood at EUR -0.05. As of the balance sheet date 31 March 2013, EnviTec had liquid funds of EUR 18.0 million and an equity ratio of 57.4%, which reflect a very solid financial situation. EnviTec also has strong cash flows. The net cash flow rose from EUR 3.9 million to EUR 11.9 million. The year 2013 will be marked by ongoing political uncertainty. Attractive markets such as France and the UK can currently not offset the slowdown in Germany and Italy. EnviTec Biogas therefore expects that 2013 will be a difficult year for the Plant Construction segment. The sales and earnings trend in the Own Plant Operation segment should be very positive in 2013 and also in 2014. This year alone, the company wants to generate revenues of approx. EUR 55 million from the production of biogas. Total Group sales revenues should range between EUR 140 million and EUR 160 million in 2013, which is below the original projections of EUR 170 million to EUR 180 million. As far as earnings are concerned, the Executive Board expects a positive operating result for the full year 2013 in spite of the restructuring charges and the sharp drop in plant construction revenues. More concrete projections will be published in the second half of the year. About EnviTec Biogas AG EnviTec Biogas AG covers the entire value chain for the production of biogas: including the planning and turnkey construction of biogas plants as well as their commissioning. The company takes charge of biological and technical services on demand and also offers full plant and operational management. In addition, EnviTec also operates its own biogas plants. In 2011 EnviTec Biogas established EnviTec Energy GmbH & Co. KG and its 100% subsidiary EnviTec Stromkontor GmbH & Co. KG, expanding its business operations into the direct marketing of upgraded biomethane as well as the marketing of green electricity and balancing energy. Today, EnviTec Biogas AG is represented in 20 countries throughout Europe, as well as in India and the USA. In 2012 EnviTec generated revenues of EUR 190.5 million and an EBIT of EUR 1.3 million. The EnviTec Group currently has 398 employees. EnviTec has been listed on the Prime Standard segment of the Frankfurt Stock Exchange since July 2007. Contact: Katrin Selzer EnviTec Biogas AG Tel: +49 25 74 88 88 - 810 E-Mail: [email protected] End of Corporate News --------------------------------------------------------------------- 29.05.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: EnviTec Biogas AG Industriering 10a 49393 Lohne Germany Phone: +49 (0) 44 42 - 80 65 0 Fax: +49 (0) 44 42 - 80 65 103 E-mail: [email protected] Internet: www.envitec-biogas.de ISIN: DE000A0MVLS8 WKN: A0MVLS Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 213681 29.05.2013


Die wichtigsten Finanzdaten auf einen Blick
  2017 2018 2019 2020 2021 2022 2023e
Umsatzerlöse1 198,78 186,76 213,56 192,27 262,37 382,83 436,00
EBITDA1,2 24,60 27,29 30,19 32,10 37,76 75,91 117,00
EBITDA-Marge3 12,38 14,61 14,14 16,70 14,39 19,83
EBIT1,4 6,52 10,05 13,13 16,72 23,02 60,48 102,00
EBIT-Marge5 3,28 5,38 6,15 8,70 8,77 15,80 23,39
Jahresüberschuss1 4,98 6,83 7,32 12,34 16,87 48,26 69,00
Netto-Marge6 2,51 3,66 3,43 6,42 6,43 12,61 15,83
Cashflow1,7 19,60 31,85 15,53 27,54 37,35 97,33 0,00
Ergebnis je Aktie8 0,33 0,46 0,49 0,83 1,14 3,25 4,60
Dividende8 1,00 1,00 1,00 1,00 1,00 2,00 0,60
Quelle: boersengefluester.de und Firmenangaben

  Geschäftsbericht 2022 - Kostenfrei herunterladen.  
1 in Mio. Euro; 2 EBITDA = Ergebnis vor Zinsen, Steuern und Abschreibungen; 3 EBITDA in Relation zum Umsatz; 4 EBIT = Ergebnis vor Zinsen und Steuern; 5 EBIT in Relation zum Umsatz; 6 Jahresüberschuss (-fehlbetrag) in Relation zum Umsatz; 7 Cashflow aus der gewöhnlichen Geschäftstätigkeit; 8 in Euro; Quelle: boersengefluester.de

Wirtschaftsprüfer: Kohl & Zerhusen

INVESTOR-INFORMATIONEN
©boersengefluester.de
EnviTec Biogas
WKN Kurs in € Einschätzung Börsenwert in Mio. €
A0MVLS 28,400 Halten 426,00
KGV 2025e KGV 10Y-Ø BGFL-Ratio Shiller-KGV
8,88 20,19 0,44 24,55
KBV KCV KUV EV/EBITDA
2,62 4,38 1,11 5,17
Dividende '22 in € Dividende '23e in € Div.-Rendite '23e
in %
Hauptversammlung
2,00 2,00 7,04 25.06.2024
Q1-Zahlen Q2-Zahlen Q3-Zahlen Bilanz-PK
29.09.2023 15.05.2024
Abstand 60Tage-Linie Abstand 200Tage-Linie Performance YtD Performance 52 Wochen
-13,80% -26,47% -26,23% -41,20%
    
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