EnviTec Biogas AG
EnviTec Biogas 2020 Shareholders’ Meeting: Management Board looks back on the successful 2019 fiscal year and raises its annual forecast
DGAP-News: EnviTec Biogas AG
/ Key word(s): AGM/EGM
EnviTec Biogas 2020 Shareholders’ Meeting: Management Board looks back on the successful 2019 fiscal year and raises its annual forecast
Together with Board colleagues CFO Jörg Fischer and CTO Jürgen Tenbrink, von Lehmden has every confidence that the Company will continue to maintain its position as the leading integrated biogas all-rounder in 2020, despite the outbreak of the coronavirus pandemic. The resolution to once again use EUR 14.85 million from EnviTec Biogas AG’s retained profit of EUR 36.1 million to pay a corresponding dividend of EUR 1.00 per individual share with a dividend entitlement was passed by a large majority. A total of 85.39% of share capital was represented by participation at the Shareholders’ Meeting. In their presentation, the Management Board provided a detailed analysis of business developments in 2019. Driven by the Services and In-House Operations divisions, domestic sales were similar to the previous year at EUR 137.3 million. International sales rose significantly, however, which was a direct effect of sales trends in Plant Engineering. Overall, sales rose from EUR 187 million in 2018 to EUR 214 million in 2019. Total output rose from EUR 192 million to EUR 203 million. CFO Jörg Fischer: “For the most part, this growth is attributable to increasing sales coupled with increased total output from Plant Engineering, which was associated with higher capacity utilisation in this division.” In Services, both sales and total output increased, while revenues decreased in Own Operations: this was largely attributable to a price effect in the energy sector but did not have any effect on results. Fischer: “It is notable that we once again achieved the highest EBITDA in the company’s history in 2019, and have now maintained consistently high performance with a positive earnings trend since 2014.” For the current 2020 fiscal year, the Management Board revised its outlook upwards and now expects to see a moderate increase in total output and EBT of at least EUR 12.5 million.
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07.07.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
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, Frankfurt (Basic Board), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1088621 |
End of News | DGAP News Service |