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.
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 75 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 16 countries worldwide by its own companies, sales offices, strategic partners and joint ventures. In 2020, the EnviTec Group generated revenue of EUR 192.3 million and EBIT of EUR 17.2 million. The Group employs over 500 people worldwide. EnviTec Biogas AG has been listed on the Frankfurt Stock Exchange since July 2007.
