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EnviTec Biogas AG is Germany’s largest biogas producer and continues to invest in expansion - Seite 2

Urgent appeal to policymakers In Own Investment, the international mid-sized company has posted healthy growth for many years now. “In terms of policymaking, however, we lack long-term perspectives and a solid framework,” notes CFO Jörg Fischer. “The current downward trend for GHG quota pricing, which has fallen sharply from EUR 430 to EUR 110 per tonne of CO₂ in a single year, is simply not on the radar,” he remarks. This is causing uncertainty in the industry as well as a marked decline in investment in the hydrogen and green mobility markets, as well as the expansion of biogas plants, Fischer points out in conclusion. The brakes need to be applied to this trend as soon as possible, he says. “We hope that policymakers address this situation as a matter of urgency and act accordingly,” appeals the CFO.

Forecast and outlook

• For the 2023 financial year, consolidated earnings (revenue) are again anticipated to range between EUR 400 to 450 million.
• After allowing for a one-time effect in relation to the company’s energy business, earnings before tax (EBT) within the range EUR 85 to 105 million are expected.
• The EnviTec CFO is also looking ahead to 2024 with confidence, notwithstanding the difficulties with some of the regulatory conditions: “As we announced several times in the course of last year, we will not be able to match the results achieved in 2023 – an exceptional year for business. That being said, we will remain profitable in 2024 and we are aiming to develop other medium- and long-term potential growth areas for our Group – not least with the help of the very high level of investment we are making,” Fischer concludes.
• The full annual report for the 2023 financial year, which includes a detailed forecast for the current financial year, will be published on 15 May 2024.

About EnviTec Biogas AG
EnviTec Biogas AG covers the entire value chain for the production of biogas, including the planning and turnkey construction of biogas plants and biogas upgrading plants as well as their commissioning. The company takes charge of biological and technical services on demand, and also offers operational management services. EnviTec operates 88 of its own plants, which currently makes it the largest biogas producer in Germany. EnviTec’s business activities also include the production and marketing of climate-neutral fuels (bio-LNG) for the transport sector as well as food-grade liquid carbon dioxide (LCO₂). The company is represented in 16 countries worldwide by its own companies, sales offices, strategic partners and joint ventures. In 2022, the EnviTec Group generated revenue of EUR 382.8 million and EBT of EUR 66.6 million. The Group currently employs around 640 people worldwide. EnviTec Biogas AG has been listed on the Frankfurt Stock Exchange since July 2007.

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