EnviTec Biogas AG / Forecast
09.07.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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EnviTec Biogas expects strong second half 2008
- Forecast 2008: Sales of EUR 105 - 115 million, EBIT of EUR 5 - 8 million
- Orders on hand at end of June 2008 worth EUR 190.8 million
Lohne, July 9, 2008 With the amendment of the German Renewable Energy
Sources Act (EEG) officially adopted by the Bundestag and the Bundesrat,
EnviTec Biogas AG [ISIN: DE000A0MVLS8] believes that demand for biogas
plants in Germany will pick up again. As the industry leader, the company
will clearly benefit from this trend. After a difficult first half-year,
EnviTec Biogas therefore projects a positive sales and earnings performance
for the second half of 2008. The Executive Board expects sales of EUR 105
to 115 million and EBIT of between EUR 5 and 8 million for the full year.
The positive performance in the second half of the year should continue in
2009, leading to strong sales and earnings growth.
The positive forecast is based on the companys order backlog. At the end
of June 2008, the biogas plant manufacturer had orders on hand totalling
EUR 190.8 million, of which EUR 55.5 million came from abroad.
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Information and Explaination of the Issuer to this News:
'The amendment of the EEG was a great relief for the German market. Outside
Germany, interest in biogas remains high. These are excellent growth
prospects,' said Olaf von Lehmden, CEO of EnviTec Biogas. Shortly after the
amendment of the Act, EnviTec Biogas received the first major order from
Germany, which was also the biggest contract in the companys history. At
the end of June, a leading German project company ordered biogas plants
worth EUR 60 million.
Investor Relations:
Joanna Rode
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
DGAP 09.07.2008
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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
End of News DGAP News-Service
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DGAP-Adhoc: EnviTec Biogas expects strong second half 2008
| Source: EQS Group AG