DGAP-News: EnviTec Biogas continues to experience dynamic performance in the third quarter
(firmenpresse) - EnviTec Biogas AG / Key word(s): Quarter Results
22.11.2010 11:56
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EnviTec Biogas continues to experience dynamic performance in the third
quarter
- Third quarter sales increased to EUR 45.9 million
- EBIT after one-off effects at EUR 0.5 million
- With EUR 255.8 million, order backlog remains at a very high level
- Positive result expected for full year 2010
Lohne, 22 November 2010 - As in the second quarter of 2010, EnviTec Biogas
AG [ISIN: DE000A0MVLS8] continued to experience dynamic performance in the
period from July to September. Europe's leading manufacturer of biogas
plants increased sales to EUR 45.9 million in the third quarter, up 44%
over the strong previous quarter (Q2 2010: EUR 33.2 million). The company
managed to return to profitability, posting an operating result (EBIT) of
EUR 0.5 million. However, one-off effects in the Plant Construction segment
amounting to EUR 2.5 million prevented us from achieving a better result.
Group revenues of EnviTec Biogas for the first nine months rose from EUR
77.3 million to EUR 100.3 million, up 29.8% compared to the prior-year
period. All business segments contributed to growth. EBIT improved from EUR
-4.0 million to EUR -1.0 million. Loss before minority interests declined
from EUR 1.2 million to EUR 0.7 million. 'We are currently working almost
at full capacity', said Jörg Fischer, the company's CFO. 'This should have
a positive impact on our fourth quarter figures, in particular on
earnings.'
Large order backlog as an excellent basis for continued growth
Continued growth is based on the large order backlog and the consistent
level of new order intake. At the end of September, EnviTec Biogas had
orders worth EUR 255.8 million in place, highlighting the ongoing strong
demand for biogas plants. Orders come from across all customer groups, from
farmers to professional energy suppliers. Accordingly, the company is not
dependent on individual major projects. Germany still remains the largest
market for EnviTec Biogas, but Italy and France, in particular, are
increasingly developing into significant growth drivers. Roel Slotman,
board member in charge of international sales at EnviTec Biogas AG said:
'We began early on and consistently pushed ahead with the
internationalisation of our business. We continue to benefit from this
development.' International customers account for 35.9% of the order volume
as of 30 September.
For the full year 2010, EnviTec Biogas expects sales of more than EUR 145
million and an EBIT of more than EUR 1.0 million. The growth in sales and
profit is expected to continue in 2011. BioEnergy Decentral, the global
industry meeting place for decentralized energy supply held in Hanover
through 19 November, strengthened our confidence that demand in 2011 will
remain strong. Jörg Fischer: 'We were surprised by the intense interest in
Germany and abroad and look forward to a successful next year.'
The interim report as of 30 September 2010 is available on the Internet at
www.envitec-biogas.de.
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 provides the biological and
technical service, and also offers full plant and operating management. In
Güstrow, in the German state of Mecklenburg-Western Pomerania, EnviTec
Biogas built the world's largest plant for the production of biogas to
natural gas standards with a thermal output of 55 megawatts. In addition,
the company also operates its own biogas plants. Today, the company is
represented in 15 countries throughout Europe, as well as in India. EnviTec
Biogas generated revenues of EUR 120 million and EBIT of EUR -0.5 million
in 2009. The EnviTec Group currently has 411 employees. EnviTec has been
listed on the Prime Standard segment of the Frankfurt Stock Exchange since
July 2007.
Press contact:
Thomas Bolte
EnviTec Biogas AG
T: +49 25 74 88 88 -198
E: t.bolte(at)envitec-biogas.de
Investor Relations:
Olaf Brandes
EnviTec Biogas AG
T: +49 44 42 80 65 -118
E: ir(at)envitec-biogas.de
22.11.2010 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,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: EnviTec Biogas AG
Industriering 10a
49393 Lohne
Deutschland
Phone: +49 (0) 44 42 - 80 65 0
Fax: +49 (0) 44 42 - 80 65 103
E-mail: info(at)envitec-biogas.de
Internet: www.envitec-biogas.de
ISIN: DE000A0MVLS8
WKN: A0MVLS
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Hamburg, München, Düsseldorf, Berlin, Hannover, Stuttgart
End of Announcement DGAP News-Service
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Datum: 22.11.2010 - 11:56 Uhr
Sprache: Deutsch
News-ID 32696
Anzahl Zeichen: 0
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Kategorie:
Business News
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