Biogas Nord AG
BIOGAS NORD AG publishes figures for 2009
Biogas Nord AG / Final Results 30.06.2010 21:23 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- BIOGAS NORD AG publishes figures for 2009 - Total output of 35,304k EUR (+99.5 %) - EBIT of -962k EUR (previous year: -8,571k EUR) - Contract value signed in 2009 of 48,400k EUR (+143.2 %) - 2010 forecast - revenue growth and possible breakeven Bielefeld, 30th June, 2010. BIOGAS NORD AG has published its financial results for the year 2009, pursuant to § § 290 ff HGB and the supplementary provisions based on the Companies Act. The consolidated financial statements as of the 31st of December, 2009 of the Biogas Nord Group show an increase in the total output from 17,695k EUR during 2008 to 35,304k EUR during 2009, an increase of 99.5 %. At the same time, the total turnover has increased by 207.4 %, from EUR 12,084k to 37,145k. The EBIT rose to -962k EUR (previous year: -8,571k EUR). The EBITDA has increased to -389k EUR (previous year: -8,006k EUR). The annual result after minority interests was TEUR -642 (previous year: -8,297k EUR). Accordingly, the earnings per share were EUR -0.25, based on a total number of 2.5625 million shares. The net loss for the year includes a one-time provision for legal claims in the amount of 639k EUR. As of the balance sheet date, the order backlog has increased by 49.4 % to 34,800k EUR (previous year: 23,300k EUR). During the year 2009, the total amount of orders received was 48,400k EUR (previous year: 19,900k EUR). 'On June of 2010, approximately 50 plants with a total contract value of approximately 63,000k EUR were in different stages of construction. Additional contracts are currently in final negotiations and are expected to be materialized soon', said Asnat Drouianov, CFO of Biogas Nord AG. On the 31st of December 2009, the total assets of Biogas Nord AG amounted to 22,622k EUR (previous year: 16,683k EUR). The Shareholders' equity has decreased from 2,022k EUR to 1,480k EUR, thus the equity ratio decreased to 6.5 % (previous year: 12.1 %). The total liabilities amounted to 17,287k EUR (previous year: 13,209k EUR), including financial liabilities of a total amount of 3,489k EUR (previous year: 114k EUR). Cash reserves have increased from 522k EUR on the 31st December 2008 to 3,075k EUR on the 31st December 2009. 'We have taken over Biogas Nord AG in April 2009, and have since invested in it considerable efforts and funds. We are very pleased to see a significant turnaround in the results of the company. During 2009 we completed about 33 plants, compared to 13 in the previous year. Undoubtedly, the enforcement of the new EEG on 1 January 2009 has given us a strong backwind. Internally, 2009 was used for cost saving measures and Group restructuring. We are putting a strong emphasis on global expansion and on owning our own biogas plants', said Aleksander Rechter, CEO of Biogas Nord AG. 'Supported by the confident statements of numerous analysts regarding the future of the biogas industry, we expect to conclude 2010 with a further growth, and hopefully with break-even results of operation. Based on the current sales and the positive political environment, we expect to continue to grow during the years to come', said Mr. Rechter. About BIOGAS NORD Biogas Nord AG is one of the largest technology providers in the biogas sector. The company's more than 130 employees provide 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. Since 1995 it has planned, built or developed more than 250 biogas plants. Currently, about 50 additional biogas plants are under construction, permitting or under planning in Germany, the Netherlands, England, Italy, Spain, Romania and Poland. European Business Partner Sp. z o.o. (EBP), a Polish holding company, is the largest shareholder of Biogas Nord AG. Company contact: BIOGAS NORD AG Werningshof 2-4 D-33719 Bielefeld Tel. +49 (0)521 - 96 33 - 0 info@biogas-nord.de www.biogas-nord.com Investor Relations contact: GFEI Aktiengesellschaft Hamburger Allee 26-28 D-60486 Frankfurt Tel. +49 (0)69 - 74 30 37 - 00 biogasnord@gfei.de www.gfei.de 30.06.2010 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de ---------------------------------------------------------------------------
Latest News
Latest Reports
No Reports found
Upcoming Events
No Events found
Webcasts
No Webcasts found