EnviTec Biogas reports strong growth also for Q2

- Sales revenues up 74% in Q2
- EBIT climb from EUR -0,6 million to EUR 1.6 million in Q2
- Operating cash flow at EUR 8.4 million in Q2
- Order backlog of EUR 308 million at end of June

Lohne, 25 August 2011 – Following a good start to the year 2011, the operating activities of EnviTec Biogas [ISIN: DE000A0MVLS8] showed an even more dynamic trend in the second quarter. Due to strong domestic and international demand for biogas plants, the company generated sales revenues of EUR 57.9 million between April and June, which represents an increase of 58% on the first three months and of 74% on the same period of the previous year. Specialising in the construction and operation of biogas plants, EnviTec improved its earnings before interest and taxes (EBIT) from EUR -0.6 million in the previous year to EUR 1.6 million in the second quarter of 2011. Operating cash flow also improved significantly in the first half of the year and reached EUR 8.4 million, up from a negative EUR -4.9 million in the same period of the previous year.

Sales revenues for the first six months totalled EUR 94.5 million, up 74% on the previous year’s EUR 54.4 million. At EUR 65.9 million, Germany continues to make the biggest contribution to sales. International sales climbed 53% from EUR 18.7 million to EUR 28.6 million in the first half of 2011.

The dynamic business trend also led to improved earnings in the first six months of the year. EBIT rose from EUR -1.5 million to EUR 2.1 million. EnviTec Biogas generated a half-year profit of EUR 1.7 million, compared to a loss of EUR 1.1 million in the previous year. “Having completed scheduled multi-year maintenance work on our biogas plants in the past months, we will grow strongly in the second half of the year, especially where earnings are concerned,” said CFO Jörg Fischer.

EnviTec Biogas expects business to be strong in the second half of the year. The Group’s EBIT margin, which was adversely affected by maintenance work on its own plants, is expected to improve in the second half of the year. The Executive Board has therefore confirmed its objective to increase both sales and earnings significantly on the previous year. EnviTec Biogas had an order backlog of EUR 308 million at the half-year stage. Between January and June alone, the company received new orders for the construction of biogas plants worth EUR 132 million. International customers placed orders worth EUR 121.7 million, which represented roughly 40% of the total order backlog. Italy, France and the UK are important foreign markets.

EnviTec Biogas is well positioned also beyond 2011. The company should continue to grow outside Germany. The Italian, French and UK markets have especially high potential. While 2011 is a record year for the German biogas sector, the market will initially reorganise itself in the first half of 2012 and demand will decline, as the market adapts to the new legal framework created by the German Renewable Energy Sources Act. Demand should pick up again already in the second half of the year. EnviTec sees two key segments in the German biogas market of the future, i.e. gas upgrading plants for the production of biomethane as a natural gas substitute and on-site electricity generating facilities of 500 kW and more with sustainable heat concepts.

The strong international business and significant residual work on plants taken into service in Germany in 2011 will help the company manage the phase of transition. In this context, the construction of biomethane plants for the Own Plant Operation segment in Germany and the Own Plant Operation segment in Italy will play an important role. EnviTec plans to more than double the production capacity of its own biogas plants from the present level of approx. 24.5 MW to over 50 MW by early 2013. The interim report on the first six months of 2011 is available on the Internet at www.envitecbiogas.de.

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 as well as their commissioning. The company provides the biological and technical service, and also offers full plant and operating management. In Güstrow, in the German state of MecklenburgWestern Pomerania, EnviTec Biogas built the world's largest plant for the production of biogas to natural gas standards with a thermal output of 55 megawatts. In addition, the company also operates its own biogas plants. Today, the company is represented in more than 15 countries throughout Europe, as well as in India. EnviTec Biogas generated revenues of EUR 148 million and EBIT of EUR 1.0 million in 2010. The EnviTec Group currently has 416 employees. EnviTec has been listed on the Prime Standard segment of the Frankfurt Stock Exchange since July 2007.

Pressekontakt:
Thomas Bolte
EnviTec Biogas AG
Tel: +49 25 74 88 88 -198
E-Mail: t.bolte@envitec-biogas.de

Investor Relations:
Olaf Brandes
EnviTec Biogas AG
Tel: +49 44 42 80 65 -118
E-Mail: ir@envitec-biogas.de

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