Corporate | 26 June 2015 16:27
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EnviTec Biogas AG / Key word(s): Dividend/AGM/EGM
EnviTec Biogas: AGM rewards positive business trend
With business in EnviTec’s German home market having come to a standstill as a result of the 2014 Renewable Energy Sources Act (EEG), the business outlook for the global biogas sector was the most important topic addressed at the AGM. Olaf von Lehmden, CEO of EnviTec Biogas AG, emphasised: “The solid figures for the year 2014 show that our early concentration on fast-growing foreign markets has paid off. This allowed our Plant Construction segment to turn around and to defy the negative industry trend in Germany.” Besides the Plant Construction segment, which, like all other business segments, now operates under the legal status of a GmbH & Co. KG, the Own Plant Operation segment is a main pillar of the company’s strategy and generates high margins. The two younger segments, Service and Energy, continued to establish themselves in the 2014 financial year. According to a separate announcement published yesterday, Chief Customer Officer Roel Slotman will resign from the Executive Board with effect from 1 July 2015. Going forward, he will work as a consultant under an exclusive agreement with EnviTec Biogas and build up the very promising Chinese market.
On balance, EnviTec believes it is well positioned in the global biogas market and fit for the future thanks to the structural adjustments made over the past years. On the occasion of the AGM, the Executive Board confirmed its guidance for the current financial year, according to which business will be stable, with Group sales revenues at the prior year level and earnings before interest and taxes (EBIT) stable to slightly improving.
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 has a presence in 16 countries. In 2014, EnviTec generated revenues of EUR 163.4 million and an EBIT of EUR 6.3 million. The EnviTec Group currently has about 350 employees. EnviTec Biogas has been listed on the Frankfurt stock exchange since July 2007.
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2015-06-26 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP 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: | info@envitec-biogas.de | |
| Internet: | www.envitec-biogas.de | |
| ISIN: | DE000A0MVLS8 | |
| WKN: | A0MVLS | |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart; Open Market (Entry Standard) in Frankfurt | |
| End of News | DGAP News-Service |
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| 372689 2015-06-26 |