DGAP-News

EnviTec Biogas continues its international expansion in H1 2016

DGAP-News: EnviTec Biogas AG / Key word(s): Half Year Results/Forecast
EnviTec Biogas continues its international expansion in H1 2016

30.09.2016 / 12:00
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

EnviTec Biogas continues its international expansion in H1 2016

- Sales revenues decline to EUR 68.1 million for reporting date-related
reasons (previous year: EUR 95.5 million)

- High order backlog in Plant Construction segment: EUR 115.6 million
(previous year: EUR 56.2 million)

- Positive EBIT of EUR 0.9 million (previous year: EUR 2.6 million)

- Group forecast for 2016 confirmed: moderate increase in sales revenues
and improved earnings before interest and taxes (EBIT)

Lohne, 30 September 2016 - EnviTec Biogas AG (ISIN: DE000A0MVLS8)
successfully continued to internationalise its business activities in the
first half of 2016. Given that only a low number of construction projects
could be invoiced by 30 June 2016 - notwithstanding the Plant Construction
segment's high level of capacity utilisation - the sales revenues of the
first six months do not yet reflect this successful international
expansion. Accordingly, Group revenues declined to EUR 68.1 million
(previous year: EUR 95.5 million). By contrast, total output - which also
reflects work in progress through changes in inventories - increased by
11.7% to EUR 91.0 million (previous year: EUR 81.5 million). The order
backlog in the Plant Construction segment climbed from what was already a
high level at the beginning of the year by another 48.4% to EUR 115.6
million at the end of June 2016 (previous year: EUR 56.2 million). Of the
total, an amount of EUR 109.0 million relates to orders in international
markets, an amount of EUR 82.2 million is under construction. In view of
the high capacity utilisation, management confirms the existing forecast
and continues to project a slight increase in Group revenues.

At EUR 35.7 million, the Own Plant Operation segment made the biggest
contribution to revenues in the first six months (previous year: EUR 32.7
million). EnviTec's Service segment increased its revenues by 26.3% to EUR
14.4 million (previous year: EUR 11.4 million). The Energy segment
contributed EUR 12.7 million to total revenues (previous year: EUR 15.5
million). As the amendments to the German energy and electricity law are
having the anticipated adverse effect, EnviTec will discontinue certain
activities in this field and restructure the business segment. Due to the