Corporate | 23 October 2014 11:08
EnviTec Biogas AG / Key word(s): Miscellaneous
23.10.2014 11:08
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this announcement.
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EnviTec Biogas AG: Change in the shareholder structure
Lohne, 23 October 2014 -EnviTec Biogas AG (ISIN: DE000A0MVLS8) announces
that the company's main shareholders and founders, Olaf von Lehmden and
Tobias Schulz, have increased their shareholdings in the company. Von
Lehmden Beteiligungs GmbH acquired 1,350,000 shares and now holds 8,638,317
shares (57.6% of the share capital). TS Holding GmbH, which is owned by
Tobias Schulz, increased its shareholding by 600,000 shares to 3,880,000
shares (25.9% of the share capital). 15.5% of the 15,000,000 shares are
widely held.
The 1,950,000 shares were sold by Ruhe Verwaltungs GmbH. This means that
Kunibert Ruhe, one of the EnviTec founders, who sat on the Executive Board
until 2010, has sold his shares in full. The parties agreed not to disclose
the purchase price.
The transaction ensures a stable shareholder structure, which will allow
EnviTec to concentrate on continuing the positive operating performance. In
spite of the difficult market environment, the company managed a turnaround
in profits at all levels in the first half of 2014 and is optimistic about
the future.
The first six months of 2014 saw EnviTec boost its sales revenues by 9.5%
to EUR 75.3 million. Earnings before interest and taxes (EBIT) climbed to
EUR 5.3 million, up from EUR -1.7 million in the previous year. The
first-half profit improved markedly from EUR -1.4 million to EUR 3.8
million. In addition, the company generated positive cash flow of EUR 28.6
million. Consolidated sales revenues for the full year 2014 are expected to
amount to between EUR 145 million and EUR 165 million; EBIT should remain
positive.
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Information and Explaination of the Issuer to this News:
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
and biogas upgrading 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 along with EnviTec Energy
GmbH & Co. KG and its 100% subsidiary EnviTec Stromkontor GmbH & Co. KG
expanded its business operations into the direct marketing of upgraded
biomethane as well as the marketing of green electricity and balancing
energy. EnviTec Biogas AG currently operates in 20 countries. In 2013,
EnviTec generated revenues of EUR148.8 million and an EBIT of EUR2.4
million. The EnviTec Group currently has 345 employees. EnviTec Biogas has
been listed on the Frankfurt stock exchange since July 2007.
Press contact:
Katrin Selzer
EnviTec Biogas AG
Tel: +49 25 74 88 88 - 810
Email: k.selzer@envitec-biogas.de
23.10.2014 The DGAP 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: 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: info@envitec-biogas.de
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 Announcement DGAP News-Service
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