EnviTec Biogas confirms target for 2009 after the first half year

-Sales rise 33% to EUR 42.7 million -High operating cash flow in second quarter - Strong sales and earnings growth projected for second half-year - Record order backlog of EUR 226.8 million

Lohne, 27 August 2009 – EnviTec Biogas AG [ISIN: DE000A0MVLS8] boosted its sales revenues by 33% from EUR 32.1 million in H1 2008 to EUR 42.7 million in the first six months of 2009. Operating cash flow also improved by an impressive EUR 9.1 million, up from EUR -24.7 million in the first half of 2008. In Q2 2009 alone, customers settled receivables outstanding in an amount of EUR 16.3 million. At the end of June 2009, EnviTec thus had liquid funds of approx. EUR 63 million. “Against the background of the market environment and seasonal effects the first half result was satisfactory,” said Jörg Fischer, CFO of EnviTec Biogas. “We will boost both sales and earnings significantly in the coming months.” Sales are projected to rise to EUR 150 million to EUR 200 million for the full year with a higher EBIT projection compared to FY 2008. To support this growth, the company’s production capacity was expanded in the reporting period. As a result, the number of employees rose to 377 in the first six months of 2009. Earnings before interest and taxes (EBIT) stood at EUR -4.8 million at the six-month stage (previous year: EUR -1.4 million). This is primarily due to the increase in fixed costs resulting from the capacity expansion.

EnviTec’s optimism is attributable to an order backlog of EUR 226.8 million at the end of June 2009 – a record in the history of the company. In Q2 2009 alone, the company received orders worth EUR 43.7 million. Interest in biogas plants remains high both in Germany and abroad. Besides large-scale gas feed-in projects, EnviTec is increasingly negotiating with agricultural businesses. Declining prices of agricultural resources and milk are prompting many farmers to consider diversifying their operations. EnviTec not only sells biogas plants but also offers farmers cooperation schemes for operating these plants. “We take care of financing, building and maintaining the plants, while the farmer is responsible for biogas production. This kind of cooperation pays off for both sides,” explains CEO Olaf von Lehmden. The potential of biogas as an environmentally compatible local energy source is increasingly being recognised and promoted in other countries, too. Building on its Europe-wide distribution network, EnviTec intends to benefit from this trend. Belgium and the Czech Republic are currently the company’s main output markets. Other countries such as Italy, Slovakia and Latvia are also increasingly opting for biogas and have created an attractive legal framework in the past months. In August, EnviTec received orders worth EUR 10 million from customers in Latvia and Slovakia.

The interim report on the first six months of 2009 is available on the Internet at www.envitec-biogas.de.

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 the full plant and operating management. In Güstrow, in the German state of Mecklenburg-Western Pomerania, EnviTec build the world’s largest plant for the production of biogas to natural gas standards with an 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 and as well in China and South Korea. In 2008 EnviTec generated revenues of EUR 101 million and EBIT of EUR 3.2 million. The EnviTec Group currently has about 350 employees. Since July 2007 EnviTec is listed on the Prime Standard segment of the Frankfurt Stock Exchange.

Special event: 8th EnviTec Biogas Conference on 4 September 2009 at the Umweltforum in Berlin. For further information, check www.envitec-biogas.de

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

Press Contact:
Fabian Lorenz, Grit Pauli
HOSCHKE & CONSORTEN Public Relations GmbH
Tel: +49 40 36 90 50-56 /-31
E-Mail: f.lorenz@hoschke.de; g.pauli@hoschke.de