Corporate | 26 June 2009 09:59
EnviTec Biogas AG / AGM/EGM
Release of a Corporate News, transmitted by DGAP - a company of EquityStory
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Lohne, 26 June 2009 - At Thursday's ordinary Annual General Meeting, the
shareholders of EnviTec Biogas AG (ISIN: DE000A0MVLS8) clearly endorsed the
strategy of the Management Board. All items on the agenda were approved by
an overwhelming majority of the shareholders. As a result, the shareholders
will receive the first dividend, in an amount of EUR 0.30 per share. 'We
successfully mastered the year 2008, which was quite a challenging year for
the biogas industry, and now want to share this success with our
shareholders,' CEO Olaf von Lehmden commented on the decision. The
Management Board expressed its optimism about the further course of the
fiscal year 2009. Among the key decisions taken were the discharge of the
acts of the Management Board and the Supervisory Board as well as a new
stock repurchase programme. EnviTec Biogas has been authorised to acquire
own shares via the stock exchange representing up to ten percent of the
share capital by 24 December 2010. Such a proposal had already been
supported by the shareholders at the last Annual General Meeting. Since the
beginning of 2009, EnviTec has repurchased a total of 150,000 own shares.
The Management Board expects demand for biogas plants in Europe to pick up
further in the current fiscal year. As the industry leader, EnviTec Biogas
wants to benefit from this trend and grow both sales and operating results
(EBIT) in spite of the economic crisis. Sales are projected to increase to
EUR 150 to 200 million in FY 2009. This growth is supported by the high
backlog of orders. Currently, the company's orders on hand total EUR 217
million. More than 30% of these orders are from abroad. At the end of May,
the company won a major contract from the NAWARO Group for the construction
of a gas refinement plant in Germany. The contract has a volume of EUR 25
million and construction is scheduled to start in early 2010. EnviTec is
currently building the world's largest plant for the production of biogas
refined to natural gas standards for NAWARO. Located in Güstrow in
Mecklenburg-Vorpommern, the plant began to feed environmentally friendly
energy into the natural gas grid at the beginning of June. EnviTec wants to
consolidate its technological leadership by investing in the development of
state-of-the-art technologies. We place special emphasis on research and
development with a view to fully leveraging the potential of biogas in the
long term,' said CTO Kunibert Ruhe.
Apart from building biogas plants for customers, EnviTec Biogas also
operates its own biogas plants. To finance these plants, the company has
signed a new framework agreement with Oldenburgische Landesbank (OLB). 'We
now have credit lines in an amount of EUR 40 million to finance the
expansion of our own plant operations,' said Olaf von Lehmden.
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
build the world's largest plant for the production of biogas to natural gas
standards with an thermal output of 55 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.
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
Investor Relations:
Olaf Brandes
EnviTec Biogas AG
Tel: +49 44 42 80 65-118
E-Mail: ir@envitec-biogas.de
26.06.2009 Financial News transmitted by DGAP
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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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