EQS-News

EnviTec Biogas benefits from strong momentum in the biogas sector and continues expansion in FY 2022 - Seite 2

The excellent segment performance sent consolidated revenues rising by 45.9% to EUR 382.8 million (previous year: EUR 262.4 million). The Group’s total output, which additionally includes the value of projects under construction, also picked up sharply and again reached a new record high of EUR 421.1 million.

At EUR 75.9 million, earnings before interest, taxes, depreciation and amortisation (EBITDA) also exceeded the prior-year record level (previous year: EUR 37.8 million). Earnings before taxes (EBT) also improved noticeably from EUR 23.3 million to EUR 66.6 million in the reporting period. The EnviTec Group’s consolidated net income for the year amounted to EUR 48.3 million (previous year: EUR 16.9 million). Earnings per share for the year 2022 were thus EUR 3.25 (previous year: EUR 1.14).

In view of the good earnings performance, the Executive Board and the Supervisory Board of EnviTec Biogas AG propose to distribute a dividend of EUR 2.00 per share for the fiscal year 2022.

“Based on a fundamental need for a secure and independent energy supply, the fight against climate change is the main growth driver in the biogas market,” said Jörg Fischer, CFO of EnviTec Biogas AG. “In addition, the war against Ukraine has not only led to temporary distortions on the energy market but has also created a new geopolitical situation. A rapid and consistent transition towards renewable energies has therefore become essential. The European RepowerEU Plan alone aims to increase current production tenfold by 2030 and, despite prevailing risks, we are optimistic that we will be able to substantially participate in this growth.”

As of the balance sheet date 31 December 2022, the EnviTec Group’s total assets amounted to EUR 340.6 million, up EUR 87.8 million on the prior year reporting date. The equity ratio stood at 49.1% (31 December 2021: 53.0%). The cash position was EUR 69.4 million, exceeding bank liabilities of EUR 59.2 million. At EUR 217.7 million, the order backlog in the Plant Construction segment was up by 28.3% compared to the end of 2021 (31 December 2021: EUR 169.6 million). Of this amount, EUR 127.3 million is already under construction and partially included in changes in inventories. The activities in the French and US markets are showing a particularly positive trend.