Further increase in earnings expected for the 2020 financial year
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EnviTec Biogas AG: Further increase in earnings expected for the 2020 financial year
Lohne, 28 September 2020 – EnviTec Biogas AG (ISIN: DE000A0MVLS8, WKN: A0MVLS) now expects to be able to further increase the consolidated total output and earnings before taxes (EBT) in fiscal 2020 compared to the previous year. In the 2019 financial year, a total output of € 203 million and an EBT of € 10.3 million had been achieved.
Based on the revised forecast of July 7, 2020, the Executive Board had so far expected a moderate increase in total output and an EBT of at least € 12.5 million. On the basis of the forecast approved today, the Executive Board now expects an EBT of € 17-19 million in the 2020 financial year with an increasing total output.
EnviTec Biogas AG
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