EQS-News

Dynamic business performance of EnviTec Biogas continues in H1 2023

EQS-News: EnviTec Biogas AG / Key word(s): Half Year Report/Half Year Results Dynamic business performance of EnviTec Biogas continues in H1 2023 29.09.2023 / 13:00 CET/CEST The issuer is solely responsible for the content of this announcement. Dynamic business performance of EnviTec Biogas continues in H1 2023

• Total output (including plants under construction) up 10.3% to EUR 188.7 million
• Sales revenues slightly below prior year period at EUR 142.0 million (H1 2022: EUR 144.2 million)
• EBITDA rise to EUR 41.2 million (H1 2022: EUR 26.3 million); EBT up to EUR 39.2 million (H1 2022: EUR 20.1 million)
• Order backlog in Plant Construction segment at EUR 307.5 million as of 30 June 2023 (31 December 2022: EUR 217.7 million)

Lohne, 29 September 2023 – EnviTec Biogas AG (ISIN: DE000A0MVLS8) recorded a dynamic business performance in the first six months of 2023. Consolidated total output picked up by 10.3% to EUR 188.7 million. At EUR 142.0 million, sales revenues of the EnviTec Biogas Group were slightly below the prior year period’s EUR 144.2 million. This is primarily attributable to the fact that fewer projects were finally invoiced in the Plant Construction segment as of the reporting date, 30 June 2023. This contrasted with a noticeable increase in inventory of unfinished goods, mostly plants under construction, in the amount of EUR 31.2 million.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) stood at EUR 41.2 million in the reporting period (H1 2022: EUR 26.3 million). Earnings before taxes (EBT) increased to EUR 39.2 million (H1 2022: EUR 20.1 million). Consolidated net income for the period rose to EUR 33.3 million (H1 2022: EUR 17.6 million). Consolidated earnings per share thus stood at EUR 2.24 (H1 2022: EUR 1.19). The sharp increase in profitability is essentially due to electricity trading contracts signed in the prior year (Energy segment). This effect leads to extraordinary income of approx. EUR 15 million in the first six months of 2023 and of approx. EUR 30 million in the full year.