DGAP-News: EnviTec Biogas AG / Key word(s): Interim Report EnviTec Biogas: Operational situation stabilises in Q2; positive order intake 29.08.2013 / 12:17 --------------------------------------------------------------------- EnviTec Biogas: Operational situation stabilises in Q2; positive order intake - Sales and earnings situation improves compared to Q1 2013 - Own Plant Operation segment remains strong: EUR 16.1 million in sales revenues; EBIT of EUR 2.1 million - New compact plants will open up opportunities - Forecast for 2013 confirmed Lohne, 29 August 2013 - Just like the biogas sector as a whole, EnviTec Biogas AG (ISIN: DE000A0MVLS8) again operated in a difficult market environment in the second quarter of 2013. Uncertainty about the future legal framework in the German biogas market - the largest biogas market in the world - remains high, as market players have no confidence in the legal basis. In Italy, which used to be the second most important market for the biogas sector, the legal framework changed fundamentally at the beginning of the year, which is something the biogas sector first had to get used to in the year to date. Against this background, the operational situation of EnviTec Biogas stabilised in the second quarter. While sales revenues were down by 18.5% on the previous year to EUR 35.3 million, they exceeded the revenues generated in the first three months of 2013 by 5.4%. At EUR 16.1 million, the Own Plant Operation segment again made the biggest contribution. The 75.0% increase on Q2 2012 is attributable to the strong expansion of production capacity to 52 megawatts (MW) in the previous year. As had been expected, sales revenues in the Plant Construction segment were much lower than in the previous year; they declined from EUR 28.4 million to EUR 10.4 million. Sales revenues in the Service segment, which provides services related to the operation of biogas plants, increased from EUR 4.4 million to EUR 4.9 million. Group earnings before interest and taxes (EBIT) amounted to EUR -0.6 million in the second quarter, compared to EUR -0.1 million in the previous year. Here, too, the trend is positive compared to the first three months of 2013 (EUR -1.1 million). Total sales revenues for the first six months of 2013 amounted to EUR 68.7 million, down 17.0% on the previous year. First-half EBIT totalled EUR -1.7 million, compared to EUR -1.8 million in the previous year. The result for the first six months after minority interests amounted to EUR -1.4 million (H1 2012: EUR -0.9 million). The cash flow from operating activities amounted to 25.8 million euros in the first half of the year 2013 (H1 2012: EUR 24.2 Mio. million). 'The increased order intake and new products make us optimistic that the positive trend of the second quarter will continue in the second half of the year,' said Jörg Fischer, CFO of EnviTec Biogas AG. At EUR 23.9 million - thereof EUR 13.5 million from German customers - orders received in the second quarter were three times as high as in the first three months of 2013. This gives EnviTec Biogas an order backlog of EUR 98.8 million at the half-year stage. New plant types are expected to lead to more orders in the second half of the year. The new compact plants will open up opportunities not only in Italy, where the market for biogas plants up to 300 kW remains attractive. Thanks to their flexible container structure, these plants can be installed and taken into operation very quickly. In spite of the new perspectives, the ongoing political uncertainty will continue to make itself felt in the second half of 2013. Attractive markets such as France and the UK are currently unable to offset the low demand in Germany and Italy. The sales and earnings trend in the Own Plant Operation segment should be very positive in 2013 and also in 2014. 2013 will see EnviTec focus on optimising the existing plants. In addition, the company plans to install at least 5 MW of new capacity and to increase its total production capacity to a good 57 MW by the end of 2013. Against this background, EnviTec confirms its sales forecast for the full year, which provides for sales revenues of between EUR 140 million and EUR 160 million. Earnings before interest and taxes should be positive. 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 as well as their commissioning. The company takes charge of biological and technical services on demand and also offers full plant and operational management. In addition, EnviTec also operates its own biogas plants. In 2011 EnviTec Biogas established EnviTec Energy GmbH & Co. KG and its 100% subsidiary EnviTec Stromkontor GmbH & Co. KG, expanding its business operations into the direct marketing of upgraded biomethane as well as the marketing of green electricity and balancing energy. Today, Today, EnviTec Biogas AG is worldwide active in 20 countries. In 2012 EnviTec generated revenues of EUR 190.5 million and an EBIT of EUR 1.3 million. The EnviTec Group currently has 359 employees. EnviTec has been listed on the Frankfurt Stock Exchange since July 2007. Contact: Katrin Selzer EnviTec Biogas AG Tel: +49 25 74 88 88 - 810 E-Mail: [email protected] End of Corporate News --------------------------------------------------------------------- 29.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: EnviTec Biogas AG Industriering 10a 49393 Lohne Germany Phone: +49 (0) 44 42 - 80 65 0 Fax: +49 (0) 44 42 - 80 65 103 E-mail: [email protected] Internet: www.envitec-biogas.de ISIN: DE000A0MVLS8 WKN: A0MVLS Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart; Frankfurt in Open Market (Entry Standard) End of News DGAP News-Service --------------------------------------------------------------------- 228088 29.08.2013