EQS-News

EnviTec Biogas reports strong momentum and high profitability in H1 2022

EQS-News: EnviTec Biogas AG / Key word(s): Half Year Report/Half Year Results EnviTec Biogas reports strong momentum and high profitability in H1 2022 30.09.2022 / 12:00 CET/CEST The issuer is solely responsible for the content of this announcement. EnviTec Biogas reports strong momentum and high profitability in H1 2022

• Total output (including plants under construction) up 46.7% to EUR 171.1 million
• Sales revenues grow by 33.1% to EUR 144.2 million
• EBT rise to EUR 20.1 million (H1 2021: EUR 7.9 million)
• Earnings per share at EUR 1.19 (H1 2021: EUR 0.49).
• Order backlog in Plant Construction segment at EUR 218.6 million as of 30 June 2022 (31 December 2021: EUR 169.6 million)

Lohne, 30 September 2022 – EnviTec Biogas AG (ISIN: DE000A0MVLS8) recorded an excellent business performance across all of the company’s segments in the first half of 2022. Group sales revenues rose by 33.1% to EUR 144.2 million. The increase is essentially attributable to two factors in the company’s Own Plant Operation segment, namely the already high production volumes of BioEnergie Park Güstrow and other own plant facilities combined with higher purchase prices for certified biomethane (RED II) on the one hand, and the high electricity trading prices in the Energy division on the other hand. Moreover, inventories were built up considerably in the reporting period, primarily due to the strong order situation in the Plant Construction segment and, to a lesser extent, in the Service segment. As a result, total output for the first six months of 2022 rose by 46.7% to EUR 171.1 million.

“We are seeing new, sustainable momentum in the biogas sector,” says Jörg Fischer, Chief Financial Officer of EnviTec Biogas AG. “The most important driver is climate change, which entails new laws as well as government and private sector investments in renewables. This primarily includes the RED II regulations and the very promising REPowerEU plan. In our opinion, the swift decarbonisation of the transport sector and of energy production is only further fueled by the current distortions in the energy market.”