EnviTec Biogas AG again raises earnings forecast for fiscal year 2022
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EnviTec Biogas AG raises earnings forecast for fiscal year 2022
Lohne, July 28, 2022 - The Management Board of EnviTec Biogas AG (ISIN: DE000A0MVLS8) today again raised its earnings forecast for the current fiscal year 2022 and now earnings before taxes (EBT) at Group level in the range of EUR 45 to 50 million. Previously, EnviTec's management had assumed EBT in the range of 35 to 40 million euros. The reason for the increase in the earnings forecast is the ongoing rise in electricity and gas prices, which are expected to result in significantly higher earnings in the Own Plant Operation segment. In addition, the higher quota prices for the use of low-emission fuels such as bio-LNG in the transport sector for medium and heavy trucks will have a positive impact on the annual result.
However, the current crisis due to the war in Ukraine with continuing price increases and supply chain problems continues to represent a risk factor, particularly in the Plant Construction Segment.
EnviTec Biogas AG
Phone: +49 25 74 88 88 - 810