EQS-News

EnviTec Biogas reports strong momentum and high profitability in H1 2022 - Seite 2

Sales revenues in Own Plant Operation, the company’s most important segment, increased by 71.0% to EUR 107.6 million in the reporting period. Total output rose by 70.4% to EUR 108.5 million. The Service segment saw sales revenues decline slightly by 3.1% to EUR 19.2 million. Total output rose by 3.6% to EUR 21.3 million due to an increase in inventories (+ EUR 2.1 million), essentially repowering and conversion projects (biogas upgrading). While sales revenues in the Plant Construction segment declined by 32.0% to EUR 17.4 million due to a lower number of projects invoiced, total output – which also includes plants under constructions via changes in inventories – climbed 27.6% to EUR 41.3 million.

The Plant Construction segment’s order backlog increased to EUR 218.6 million by the end of June 2022 (31 December 2021: EUR 169.6 million). At EUR 181.8 million, the order backlog is largely attributable to the international biogas markets (mainly France, Denmark, USA and China).

The EnviTec Group also recorded high profitability in the first six months of 2022, as earnings before interest and taxes (EBIT) rose to EUR 18.9 million (H1 2021: EUR 7.5 million). Earnings before taxes (EBT) stood at EUR 20.1 million (H1 2021: EUR 7.9 million). Consolidated net income for the period increased to EUR 17.6 million (H1 2021: EUR 7.3 million). Earnings per share stood at EUR 1.19 at Group level (H1 2021: EUR 0.49). The profit contribution resulting from the general increase in electricity and gas prices caused by the war against Ukraine played only a minor role in the first six months of 2022. This clearly underlines the sustainability of the current market momentum.

The Group’s total assets amounted to EUR 278.5 million as of 30 June 2022 (31 December 2021: EUR 252.8 million). The equity ratio climbed to 54.3% at the interim reporting date (31 December 2021: 53.0%).

“The new geopolitical situation and, most importantly, the situation on the energy markets, call for determined action and, above all, for investments,” says Olaf von Lehmden, CEO of EnviTec Biogas AG. “Looking at all the issues currently discussed such as a windfall tax, we therefore plead to exempt profits that are reinvested in renewable energy to finance the urgently required expansion.” With a view to the future, he added: “In spite of all the challenges ahead, we are convinced that we will be able to continue our growth in the coming periods. Supported by strong fundamental factors such as climate change and the transformation of the energy markets, we have created a strong stepping stone for continued growth, in particular by entering bio-LNG production.”