Order backlog increases by EUR 40 million to more than EUR 210 million
Lohne, 28 May 2009 –EnviTec Biogas AG [ISIN: DE000A0MVLS8] has won a major contract to build a gas refinement plant in Germany. The contract has a volume of more than EUR 25 million. It is scheduled to feed the refined biogas into the natural gas grid already in late 2010. For production of the environment-friendly energy renewable primary input materials such as complete plants, grass and maize silage are used. After receiving several new orders in the last weeks, the order backlog increased by more than EUR 40 million to more than EUR 210 million since end of March 2009.
Details about this project will presumably be released next week.
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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 builds the world’s largest plant for the production of biogas to natural gas standards with an electrical connected load of 22 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.
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
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