The Management Board of EnviTec Biogas AG (ISIN: DE000A0MVLS8) today adjusted its earnings forecast for the fiscal year 2022 and now expects earnings before taxes (EBT) at Group level in the range of EUR 60 million to EUR 65 million. Previously, EnviTec's management had forecast EBT in the range of EUR 45 to 50 million. The reason for the renewed increase in the earnings forecast is the very good business performance in all segments, which is above the previous projections. In addition, with the new law on the introduction of an electricity price brake of December 20, 2022, there is now planning certainty that the resulting burdens will be lower than those taken into account in the previous plans.
The Management Board also expects the Group's total output (or revenue) to be in a range of EUR 350 to 400 million in 2022 (previously EUR 330 to 370 million).
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 services. EnviTec operates 89 of its own plants, making it one of the largest biogas producers in Germany. EnviTec’s business interests also include the direct marketing of upgraded biomethane as well as the marketing of electricity and balancing energy. The company is represented in 15 countries worldwide by its own companies, sales offices, strategic partners and joint ventures. In 2022, the EnviTec Group generated revenue of EUR 382.8 million and EBT of EUR 66.6 million. The Group currently employs 607 people worldwide. EnviTec Biogas AG has been listed on the Frankfurt Stock Exchange since July 2007.