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Consolidation and internationalisation of EnviTec Biogas continues in 2015

DGAP-News: EnviTec Biogas AG / Key word(s): Final Results/Dividend
Consolidation and internationalisation of EnviTec Biogas continues in 2015

13.05.2016 / 11:44
The issuer is solely responsible for the content of this announcement.

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Consolidation and internationalisation of EnviTec Biogas continues in 2015

- Sales revenues rise sharply to EUR 174.9 million (+22.4%)

- Accounting change from IFRS to HGB

- Solid EBIT of EUR 3.4 million (previous year: EUR 4.7 million)

- Moderate performance in Plant Construction segment; utilisation in 2016
clearly above prior year

- Group forecast for 2016: moderately higher sales revenues and improved
operating result (EBIT)

Lohne, 13 May 2016 - EnviTec Biogas AG (ISIN: DE000A0MVLS8) delivered a
satisfactory performance in the financial year 2015 in spite of volatile
conditions in the international biogas markets. All four segments of the
Group - Plant Construction, Own Plant Operation, Service and Energy -
recorded growing revenues. As a result, Group revenues increased by 22.4%
to EUR 174.9 million. The strongest growth was achieved by the Plant
Construction segment, whose revenues climbed from EUR 29.9 million to EUR
51.3 million in 2015. Revenues in the Own Plant Operation segment climbed
8.2% to EUR 70.1 million, while the Service segment's revenues rose by
23.7% to EUR 26.0 million. At EUR 27.5 million, sales revenues in the
Energy segment were slightly higher than in the previous year (EUR 27.1
million).

The EnviTec Group again reported a positive result for the financial year.
Operating earnings before depreciation and amortisation (EBITDA) climbed
from EUR 19.8 million to EUR 21.0 million, primarily thanks to the good
earnings trend in the Own Plant Operation segment. Earnings before interest
and taxes (EBIT) again reached a solid level of EUR 3.4 million in 2015
(previous year: EUR 4.7 million). The decline against the previous year is
attributable not only to increased depreciation of own plants but above all
to the unsatisfactory performance and shifts in orders in the Plant
Construction segment. Consolidated net income after taxes amounted to EUR
1.4 million in 2015, which is equivalent to earnings per share of EUR 0.08
for 2015 (previous year: EUR 0.19). EnviTec Biogas AG posted net income of
EUR 5.7 million. The Executive and Supervisory Boards of EnviTec Biogas AG
propose to distribute a dividend of EUR 0.80 per share for the financial
year 2015.

The Group's equity ratio climbed to 57.4% as of the balance sheet date