Biogas Nord AG / Key word(s): Miscellaneous
31.07.2013 20:25
Dissemination of a Corporate News, transmitted by DGAP - a company of EQS
Group AG.
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announcement.
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Biogas Nord AG
- Publication of 2012 consolidated financial statements postponed
- 2012: significant decline in turnover, net loss for the year in low
seven-figure range
- Restructuring programme negatively affects profit for 2013
Bielefeld, 31 July 2013. Biogas Nord AG, one of the leading providers of
innovative and customised energy solutions in the field of biogas
technology, is postponing the publication of its business figures for 2012
until the end of September 2013 and implementing a restructuring programme.
As part of the compilation of consolidated financial statements under IFRS
for the first time in 2012 and the changes to the Management Board at the
beginning of July 2013, a range of issues have once again been subject to
detailed review. In addition to the time-consuming work involved in
conducting this process, circumstances have been discovered that will now
undergo separate examination. Accordingly, publication of the 2012
consolidated financial statements has been postponed and is now anticipated
at the end of September 2013. Deutsche Börse AG has already been informed
of this situation.
In comparison with 2011, the 2012 consolidated financial statements will
exhibit a significant decline in turnover alongside a net loss in the low
seven-figure euro range.
In response to the figures, a decision was made to implement a
restructuring programme based on six pillars. The reorganisation will
affect the entire Group. The restructuring will focus on reporting, process
management, the Finance and Controlling department, Sales and the Project
Handling department. In addition to considerable cost savings thanks to a
streamlined corporate structure, the primary objectives are greater
profitability, marked improvement in process handling in all departments
and an enhanced financial structure. Despite the current large order
backlog of approximately EUR 80 million, a net loss is expected again in
2013 owing to non-recurring effects.
About Biogas Nord
Biogas Nord is a global company building turn-key biogas plants all over
the world. Established in the year 2000 and headquartered in Bielefeld,
Germany, Biogas Nord has constructed to date more than 390 biogas plants
worldwide, in Germany, Belgium, the Czech Republic, the Netherlands, the
USA, Italy, the UK, Belarus, Ireland, Thailand, Cuba, Romania and Latvia,
France, Poland and Slovakia. The company provides solutions in all areas of
biogas technology starting with concept development, operation and
feasibility analysis, detailed design and planning, provision of approvals
and licenses, construction and commissioning, and finally operation,
management, and service and maintenance.
Biogas Nord's sophisticated plant technology has proven itself throughout
the years as durable, flexible and reliable. Its concepts are always
adapted to local conditions and coupled with optimized use of efficient,
high-grade components. Optimal operating results are achieved by a
fermentation technology designed for flexible substrate selection combined
with low operating costs and a high gas yield. Further efficiency increases
for each plant are achieved through the integration of a heat recovery
system.
Biogas Nord is a public company, traded on the Frankfurt Stock Exchange
since November 2006. It is operating in Germany through its subsidiary
Biogas Nord Anlagenbau GmbH, in Spain through Biogas Nord España S.L., in
Italy through Biogas Nord Italia S.R.L., in Poland through Biogas Nord
Polska Sp. z o. o., in France through Biogas Nord SAS, and in the UK
through Biogas Nord UK Ltd. and in Korea through Biogas Nord Korea Ltd.
Contact:
Biogas Nord AG
Werningshof 2â4
Dâ33719 Bielefeld
Tel. +49 (0)521 â 96 33 â 0
info@biogas.de
www.biogas.de
Investor Relations contact:
GFEI Aktiengesellschaft
Am Hauptbahnhof 6
Dâ60329 Frankfurt
Tel. +49 (0)69 â 74 30 37 â 00
biogasnord@gfei.de
www.gfei.de
Disclaimer:
This Corporate News is intended solely for informational purposes and does
not constitute a solicitation to buy, hold or sell securities. This
Corporate News may contain forwardâlooking statements. Forwardâlooking
statements are statements that are not historical facts. They include
statements about our beliefs and expectations. These statements relate to
the current plans, estimates and forecasts currently available to the
BIOGAS NORD AG management. Forwardâlooking statements therefore only apply
on the day they were made. By their nature, forwardâlooking statements
harbor risks and possible uncertainties. Various known and unknown risks,
uncertainties and other factors could mean that the actual results, the
financial situation, the development or the performance of the company
greatly differs from the estimations published here. These factors include
those described by BIOGAS NORD AG in its published reports. These reports
are available on the BIOGAS NORD website at www.biogas.de We assume no
liability whatsoever to update these forwardâlooking statements or to
adjust them in line with future events or developments.
31.07.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Biogas Nord AG
Werningshof 2-4
33719 Bielefeld
Germany
Phone: +49 (0)521 557 507 - 0
Fax: +49 (0)521 557 507 - 33
E-mail: info@biogas.de
Internet: www.biogas.de
ISIN: DE000A0HHE20
WKN: A0HHE2
Listed: Freiverkehr in Berlin, Düsseldorf, Stuttgart; Frankfurt in
Open Market (Entry Standard)
End of Announcement DGAP News-Service
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DGAP-News: Biogas Nord AG: Publication of 2012 consolidated financial statements postponed
| Source: EQS Group AG