DGAP-News: Biogas Nord AG: Information to financial results 2012
(firmenpresse) - DGAP-News: Biogas Nord AG / Key word(s): Miscellaneous
Biogas Nord AG: Information to financial results 2012
27.06.2013 / 17:29
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Biogas Nord AG: Information to financial results 2012
- Disclosure of 2012 annual report postponed to the end of July 2013
because of conversion to IFRS
- Order backlog as of 31. December 2012 of EUR 37 million (98 percent
abroad)
- Globalization strategy continues to be successful / Global sales 2012 up
by more than 300 % from EUR 8.8 million to EUR 36 million
- Outlook 2013: Strong international growth with positive net results
/additional orders of EUR 31 million received during 2013
Bielefeld, 27 June 2013. Biogas Nord AG, one of the leading providers of
innovative and customized energy solutions in the field of Biogas
technology, publishes first information on the preceding financial year
2012.
Without giving detailed preliminary figures, the overall performance of
2012 was lower than in the fiscal year 2011. The market for the
construction of new biogas plants in Germany was clearly behind the already
low expectations forecast by the German Biogas Association. Thus in 2012
the revenues from sales in Germany of Biogas Nord AG clearly decreased.
Despite the decline of the German biogas industry by nearly 74 percent, the
company was able to partly compensate for the decline in sales revenue from
Germany with contributions from international business. During the year
2011, the sales revenues that were generated abroad have been EUR 8,8
million (12 % of the total sales), and during 2012 the revenues from abroad
increased by more than 300 % to EUR 36 million.
Biogas Nord AG is consequently working on its globalization strategy.
During 2012 the company has increased its international presence to 14
countries in total, and in 2013 we started additional activities in two
more countries. Those activities also are reflected in our current order
backlog of EUR 68 million (June 2012: EUR 36 million).
The 2012 annual report of Biogas Nord AG is drawn up for the first time in
accordance with the International Financial Reporting Standards (IFRS).
Because of the changes in the accounting method, the expected release of
the financial results will be postponed to the end of July 2013. The
Deutsche Börse AG has been informed about of this fact.
'Within a short time, through the global expansion of Biogas Nord, we were
able to compensate for the drop in the sales of biogas plants in Germany.
We recognized already in 2011 that the future of the company is primarily
focused on the expansion of its international business, as well as on the
implementation of innovative and technically advanced power solutions. In
the face of the strong order backlog and due to our extremely intense
efforts in recent years to reshape Biogas Nord AG so as to become a global
player, in 2013 we expect an increase of revenues, a positive result and
considerable company growth for the following years.' said Alexander
Rechter, CEO of Biogas Nord AG.
About Biogas Nord
Biogas Nord is a global company building turn-key biogas plants all over
the world. Established in the year 2000 and headquartered in Bielefeld,
Germany, Biogas Nord has constructed to date more than 390 biogas plants
worldwide, in Germany, Belgium, the Czech Republic, the Netherlands, the
USA, Italy, the UK, Belarus, Ireland, Thailand, Cuba, Romaniaand Latvia,
France, Poland and Slovakia. The company provides solutions in all areas of
biogas technology starting with concept development, operation and
feasibility analysis, detailed design and planning, provision of approvals
and licenses, construction and commissioning, and finally operation,
management, and service and maintenance.
Biogas Nord's sophisticated plant technology has proven itself throughout
the years as durable, flexible and reliable. Its concepts are always
adapted to local conditions and coupled with optimized use of efficient,
high-grade components. Optimal operating results are achieved by a
fermentation technology designed for flexible substrate selection combined
with low operating costs and a high gas yield. Further efficiency increases
for each plant are achieved through the integration of a heat recovery
system.
Biogas Nord is a public company, traded on the Frankfurt Stock Exchange
since November 2006. It is operating in Germany through its subsidiary
Biogas Nord Anlagenbau GmbH, in Spain through Biogas Nord España S.L., in
Italy through Biogas Nord Italia S.R.L., in Poland through Biogas Nord
Polska Sp. z o. o., in France through Biogas Nord SAS, and in the UK
through Biogas Nord UK Ltd. and in Korea through Biogas Nord Korea Ltd.
Contact:
Biogas Nord AG
Werningshof 2-4
D-33719 Bielefeld
Tel. +49 (0)521 - 96 33 - 0
info(at)biogas.de
www.biogas.de
Investor Relations contact:
GFEI Aktiengesellschaft
Am Hauptbahnhof 6
D-60329 Frankfurt
Tel. +49 (0)69 - 74 30 37 - 00
biogasnord(at)gfei.de
www.gfei.de
Disclaimer:
This Corporate News is intended solely for informational purposes and does
not constitute a solicitation to buy, hold or sell securities. This
Corporate News may contain forward-looking statements. Forward-looking
statements are statements that are not historical facts. They include
statements about our beliefs and expectations. These statements relate to
the current plans, estimates and forecasts currently available to the
BIOGAS NORD AG management. Forward-looking statements therefore only apply
on the day they were made. By their nature, forward-looking statements
harbor risks and possible uncertainties. Various known and unknown risks,
uncertainties and other factors could mean that the actual results, the
financial situation, the development or the performance of the company
greatly differs from the estimations published here. These factors include
those described by BIOGAS NORD AG in its published reports. These reports
are available on the BIOGAS NORD website at www.biogas-nord.com. We assume
no liability whatsoever to update these forward-looking statements or to
adjust them in line with future events or developments.
End of Corporate News
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Language: English
Company: Biogas Nord AG
Werningshof 2-4
33719 Bielefeld
Germany
Phone: +49 (0)521 557 507 - 0
Fax: +49 (0)521 557 507 - 33
E-mail: info(at)biogas.de
Internet: www.biogas.de
ISIN: DE000A0HHE20
WKN: A0HHE2
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Frankfurt in
Open Market (Entry Standard)
End of News DGAP News-Service
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Datum: 27.06.2013 - 17:29 Uhr
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News-ID 274014
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