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.
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 and biogas upgrading plants as well as their commissioning. The company takes charge of biological and technical services on demand and also offers operational management. EnviTec operates 89 own plants, making it one of the largest biogas producers in Germany. EnviTec’s business activities also include the direct marketing of processed biomethane as well as the marketing of electricity and balancing energy. With a presence in 16 countries worldwide, EnviTec Biogas AG is represented by its own companies, sales offices, strategic partners and joint ventures. In 2021, the EnviTec Group generated revenue of EUR 262.4 million and EBT of EUR 23.3 million. The Group currently employs 518 people. EnviTec Biogas AG has been listed on the Frankfurt Stock Exchange since July 2007.