20.12.2013
EnviTec Biogas AG DE000A0MVLS8
DGAP-News: EnviTec Biogas operates successfully in third quarter in challenging market environment
DGAP-News: EnviTec Biogas AG / Key word(s): Quarter Results
EnviTec Biogas operates successfully in third quarter in challenging
market environment
20.12.2013 / 09:00
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- Positive sales trend continues as the year progresses
- Successful turnaround: EBIT and net result in positive territory again
- Forecast for 2013 confirmed
Lohne, 20 December 2013 - Due to the great uncertainty about the future
legal framework, demand for biogas plants in Germany has declined sharply
in 2013. In response to this trend, EnviTec Biogas AG (ISIN: DE000A0MVLS8)
cut its costs significantly and pushed ahead its international expansion.
As a result, the supplier of biogas plants and services from Lower Saxony
managed to turn around in the course of the year and again reported growing
sales revenues as well as a positive result in the third quarter. Sales
revenues increased from EUR 33.5 million and EUR 35.3 million in the first
and second quarter, respectively, to EUR 38.6 million in the period from
August to October (Q3 2012: EUR 55.9 million). At EUR 14.4 million, the Own
Plant Operation segment for the first time reported the highest sales
revenues (Q3 2012: EUR 10.0 million) of the company's business segments.
'It was necessary to adjust our corporate structures,' said Jörg Fischer,
Chief Financial Officer of EnviTec Biogas AG. 'We have now laid the basis
for profitable growth even in a challenging market environment and will be
able to seize new opportunities that arise'. After two loss-making
quarters, EnviTec Biogas generated positive earnings before interest and
taxes (EBIT) of EUR 1.3 million in the third quarter (Q3 2012: EUR 4.5
million). Net income for the period amounted to EUR 0.5 million in Q3 2013
(Q3 2012: EUR 4.8 million). Liquid funds of EUR 14.7 million and an equity
ratio of 54.4% mean that EnviTec Biogas remains very solidly financed.
EnviTec Biogas projects a stable trend for the fourth quarter. At the end
of September, the company had an order backlog of EUR 93.3 million.
Accordingly, the Executive Board confirmed the sales forecast of EUR 140 -
160 million for the full year 2013 (Jan. - Sep. EUR 107.4 million) and
projects a positive operating result (Jan. - Sep. EUR -0.5 million).
Says Jörg Fischer: 'The market environment will remain challenging in 2014,
but we see growth opportunities. The German biogas market urgently needs a
reliable legal framework to allow biogas, which is a source of energy that
can cover base load and peak load requirements, to make an important
contribution to the exit from nuclear energy.' At an international level,
EnviTec Biogas sees new opportunities in the United States, China and
Russia, besides established markets like the Czech Republic, France and the
UK.
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 and biogas upgrading 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. EnviTec Biogas AG currently has a
presence in 20 countries. In 2012 EnviTec generated revenues of EUR 190.5
million and an EBIT of EUR 1.3 million. The EnviTec Group currently has 371
employees. EnviTec Biogas has been listed on 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
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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: Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover,
München, Stuttgart; Frankfurt in Open Market (Entry
Standard)
End of News DGAP News-Service
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