EnviTec Biogas AG

Earnings Release • May 28, 2009

News Details

Corporate | 28 May 2009 08:03

EnviTec Biogas presents figures for the first quarter

EnviTec Biogas AG / Quarter Results

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EnviTec Biogas presents figures for the first quarter:

• Start to the year 2009 according to plan
• Sales rise 27% to EUR 19.2 million
• Target for 2009 confirmed: Increase in sales and EBIT

Lohne, 28 May 2009 - EnviTec Biogas AG's [ISIN: DE000A0MVLS8] start to the
fiscal year 2009 went according to plan. After the difficult year 2008,
which was marked by the discussion about the amendment of the German
Renewable Energy Sources Act (EEG), the biogas plant manufacturer wants to
grow both sales and EBIT again in 2009. Sales are projected to rise to EUR
150 million to EUR 200 million in 2009.

Sales revenues increased already in the first three months. At EUR 19.2
million, sales were up by approx. 27% on the prior-year quarter (Q1 2008:
EUR 15.1 million). Earnings before interest and taxes (EBIT) stood at EUR
-2.6 million (Q1 2008: EUR -0.8 million). The decline is mostly
attributable to higher personnel costs due to increased headcounts as well
as the expansion of the international marketing. New staff were hired with
a view to reaching the sales target. At the end of March, EnviTec employed
352 people, 97 more than in the previous year. 'The first three months are
usually the weakest for weather-related reasons. In addition, there were
also arising delays in sanctions and funding. However, sales and earnings
will pick up sharply as the year goes on,' Jörg Fischer, CFO of EnviTec
Biogas. The high order backlog forms the basis for a successful year; at
the end of March, the company had orders worth EUR 167.5 million on hand.
'Also, we are currently in promising talks about new large-scale projects
and framework agreements in Germany and especially abroad.'

The value chain for the operators of both small and large plants must be
extended with a view to tapping additional sources of income. In the first
quarter, EnviTec Biogas made an important strategic step towards this goal
by taking over A3 and its sister company, MMF. The two technology companies
have extensive expertise in the processing of fermentation residues from
the production of biogas and wastewater treatment technology, thus
complementing the products and services provided by the 'EnviTec
Filtration' unit so far. The companies will joint refine this technology,
which also represents an important investment incentive for plant
operators. Especially in livestock-intensive regions and co-fermentation
processes, it is difficult to find fields for certified fertiliser
spreading as an outlet for the fermentation residues. Once processed, the
fermentation residue has a high nutrient content, making it an excellent
natural fertiliser. It is also very easy to transport, which clearly
increases its marketing opportunities. What is more, in Germany the
processing of fermentation residues may be counted towards the CHP bonus
and can therefore help to improve the profitability of a biogas plant
considerably.

The report on the first three months of 2009 is available for downloading
at www.envitec-biogas.de.

EnviTec Biogas AG covers the entire value chain for the production of
biogas - including the planning and turnkey construction of biogas plants
as well as their commissioning. The company provides the biological and
technical service and also offers the full plant and operating management.
In Güstrow, in the German state of Mecklenburg-Western Pomerania, EnviTec
builds the world's largest plant for the production of biogas to natural
gas standards with an electrical connected load of 22 megawatts. In
addition, the company also operates its own biogas plants. Today, the
company is represented in more than 15 countries throughout Europe and as
well in China and South Korea. In 2008 EnviTec generated revenues of EUR
101 million and EBIT of EUR 3.2 million. The EnviTec Group currently has
about 350 employees. Since July 2007 EnviTec is listed on the Prime
Standard segment of the Frankfurt Stock Exchange.

Investor Relations:
Olaf Brandes
EnviTec Biogas AG
Tel: +49 44 42 80 65-118
E-Mail: ir@envitec-biogas.de

Press Contact:
Fabian Lorenz, Grit Pauli
HOSCHKE & CONSORTEN Public Relations GmbH
Tel: +49 40 36 90 50-56 /-31
E-Mail: f.lorenz@hoschke.de; g.pauli@hoschke.de

28.05.2009 Financial News transmitted by DGAP

Language: English
Issuer: EnviTec Biogas AG
Industriering 10a
49393 Lohne
Deutschland
Phone: +49 (0) 44 42 - 80 65 0
Fax: +49 (0) 44 42 - 80 65 103
E-mail: info@envitec-biogas.de
Internet: www.envitec-biogas.de
ISIN: DE000A0MVLS8
WKN: A0MVLS
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Hannover, Hamburg, Düsseldorf, München, Stuttgart

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