DGAP-News

EnviTec Biogas reports high utilisation and earnings growth for FY 2016

DGAP-News: EnviTec Biogas AG / Key word(s): Final Results/Dividend EnviTec Biogas reports high utilisation and earnings growth for FY 2016 12.05.2017 / 12:12 The issuer is solely responsible for the content of this announcement. EnviTec Biogas reports high utilisation and earnings growth for FY 2016

• Sales revenues decline to EUR 162.9 million (-6.9%)
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• Total output incl. plants under construction climbs to EUR 204.9 million (+17.3%)
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• Earnings before interest and taxes (EBIT) of EUR 4.2 million (previous year: EUR 3.5 million)
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• Earnings per share of EUR 0.11 (previous year: EUR 0.10)
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• Dividend of EUR 0.60 per share proposed for FY 2016
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Lohne, 12 May 2017 - EnviTec Biogas AG (ISIN: DE000A0MVLS8) recorded a solid business trend in the financial year 2016. While the Own Plant Operation and Service segments showed a clearly positive performance, in the Plant Construction segment, which benefited from high utilisation, EnviTec was unable to invoice a large number of plants under construction. As a result, consolidated sales revenues declined by 6.9% to EUR 162.9 million in the reporting period. By contrast, total output, which includes the value of plants under construction, rose sharply by 17.3% to EUR 204.9 million (previous year: EUR 174.9 million).

The breakdown by segments shows that the Group's largest segment, Own Plant Operation, increased its revenues by 4.2% to EUR 101.7 million. The Service segment recorded a 19.4% increase to EUR 31.0 million, marking the second year of clearly double-digit revenue growth. Revenues in the Plant Construction segment declined by 41.2% to EUR 30.2 million due to the effect described above.

As a result of the expansion of the business activity in the Service segment, the headcount rose from 400 to 439 as of the reporting date on 31 December 2016.

As had been expected, an amendment of the energy and electricity tax law in 2016 made the marketing of regionally produced electricity much less attractive for the Energy segment. As a result, EnviTec decided to give up this business model and to transfer the remaining activities of the Energy segment to the Own Plant Operation segment.