EQS-News

EnviTec Biogas closes FY 2023 with record results and makes further investments to expand Own Plant Operation

EQS-News: EnviTec Biogas AG / Key word(s): Annual Results/Forecast EnviTec Biogas closes FY 2023 with record results and makes further investments to expand Own Plant Operation 15.05.2024 / 12:00 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate News

EnviTec Biogas closes FY 2023 with record results and makes further investments to expand Own Plant Operation

• Total output up 5.9% to EUR 445.8 million
• Revenues climb 8.9% to EUR 416.8 million
• Earnings before taxes (EBT) at EUR 88.2 million (previous year: EUR 66.6 million)
• Dividend of EUR 3.00 per share proposed for FY 2023
• Forecast for 2024: Total output (or revenues) between EUR 360 and 400 million, EBT between EUR 40 and 50 million

Lohne, 15 May 2024 – EnviTec Biogas AG (ISIN: DE000A0MVLS8) delivered a strong performance across all segments in the fiscal year 2023. The Group’s total output increased to EUR 445.8 million (previous year: EUR 421.1 million), with earnings before taxes (EBT) rising to EUR 88.2 million (previous year: EUR 66.6 million).

Sales revenues in EnviTec’s largest segment, Own Plant Operation, declined by 12.2% to EUR 236.1 million. The decline is, however, primarily due to the outsourcing of electricity trading of at-equity investments directly to the respective operating companies. Total output amounted to EUR 255.0 million (previous year: EUR 270.7 million). On the other hand, contracts and fixed supply agreements in electricity and gas trading, signed in 2022 on the basis of the above-average energy prices at that time, led to extraordinary income in 2023.

Sales revenues in the Service segment rose by 5.3% to EUR 48.6 million (previous year: EUR 46.1 million). Total output climbed to EUR 50.2 million (previous year: EUR 46.5 million). In the Plant Construction segment (including the holding company), a large number of construction projects were completed and finally invoiced in accordance with the German Commercial Code (HGB). As a result, revenues in this EnviTec segment increased particularly dynamically by 94.6% to EUR 132.1 million. Total output also picked up significantly to EUR 140.5 million (previous year: EUR 103.9 million). Business in the USA developed particularly well. Eleven plants are currently under construction there and further new projects in the pipeline.