EQS-News

EnviTec Biogas benefits from strong momentum in the biogas sector and continues expansion in FY 2022

EQS-News: EnviTec Biogas AG / Key word(s): Annual Report/Annual Results EnviTec Biogas benefits from strong momentum in the biogas sector and continues expansion in FY 2022 16.05.2023 / 12:00 CET/CEST The issuer is solely responsible for the content of this announcement. EnviTec Biogas benefits from strong momentum in the biogas sector and continues expansion in FY 2022

• Total output up 52.7% to EUR 421.1 million
• Sales revenues grow by 45.9% to EUR 382.8 million
• EBITDA up to EUR 75.9 million (previous year: EUR 37.8 million); EBT of EUR 66.6 million (previous year: EUR 23.3 million)
• Dividend of EUR 2.00 per share proposed for FY 2022
• Forecast: Strong growth to continue, taking into account one-time effects

Lohne, 16 May 2023 – EnviTec Biogas AG (ISIN: DE000A0MVLS8) achieved an excellent business performance in the fiscal year 2022. With total output at EUR 421.1 million (previous year: EUR 275.8 million) and earnings before taxes (EBT) at EUR 66.6 million (previous year: EUR 23.3 million), the company significantly exceeded the original targets set at the beginning of the reporting period.

Sales revenues in EnviTec’s largest segment, Own Plant Operation, increased by 78.4% to EUR 268.8 million. This dynamic growth was due, on the one hand, to the considerable quantities of biomethane produced by BioEnergie Park Güstrow, despite its conversion to a Bio-LNG production plant. On the other hand, the company benefited from higher prices for biomethane (RED II certified) and a general increase in electricity and gas prices. Total output also picked up noticeably to EUR 270.7 million (previous year: EUR 153.5 million).

Sales revenues in the Service segment rose by 10.9% to EUR 46.1 million (previous year: EUR 41.6 million). Total output climbed to EUR 46.5 million (previous year: EUR 43.7 million). The Plant Construction segment (including holding company) also showed a dynamic performance in the past fiscal year. With revenues slightly down at EUR 67.9 million (previous year: EUR 70.1 million), total output increased by 32.2% to EUR 103.9 million.