Biogas Nord AG
Biogas Nord AG publishes its Annual Report for 2011
Biogas Nord AG / Key word(s): Final Results/Development of Sales 23.05.2012 / 12:56 --------------------------------------------------------------------- - Consolidated sales revenue of EUR 79,030,000 (previous year: EUR 54,063,000) - EBITDA 2011: EUR 3,661,000 (+76.9 percent) - EBIT 2011: EUR 3,053,000 (+107.8 percent) - Profit per share doubled to EUR 0.48 - Focus on a global approach and advanced technology Bielefeld, 22nd May 2012. The leading provider of biogas technology, Biogas Nord AG, published its Annual Report for 2011 today. The Biogas Nord Group achieved a 46,2% increase in sales revenues for the financial year 2011 to EUR 76,030,000 (previous year: EUR 54,063,000). The EBITDA rose by 76.9% or EUR 1.592.000 to EUR 3,661,000 (previous year: EUR 2,069,000). The EBIT rose during the same period by EUR 1,584,000, from EUR 1,469,000 to EUR 3,053,000. The consolidated net profit after minorities for the period between 1st January and 31st December 2011 was EUR 1,831,000. With these results the Company improved on the previous year's profit of EUR 957,000 by 91.3% or EUR 874,000. The cash flow from ongoing operations at the end of the financial year 2011 amounted to EUR 2,723,000, compared to EUR 223,000 during the previous year. With a balance sheet of EUR 35,811,000, the equity ratio on 31st December 2011 stood at a solid 17.4%. On the reporting date of 31st December 2011, Biogas Nord AG had liquid assets of EUR 3,682,000, compared to EUR 2,992,000 EUR on 31st December 2010. 'The figures for the financial year 2011 confirm our strategic direction, and demonstrate the sustainability of our business model and the strength of our innovative technology. In the future we will continue to invest in our own biogas plants, and expand our global presence so as to profit from growth markets for biogas plants. The demand for our products is being sustained during the first months of the financial year 2012. Due to the many projects we have in the pipeline, we are confident that we will continue to grow both in terms of revenue, as well as profit': Alexander Rechter, CEO of Biogas Nord AG. The Annual Report for 2011 can be downloaded from www.biogas.de under the investor section. About BIOGAS NORD Biogas Nord is a global company building turn-key biogas plants all over the world. Established in the year 2000 and headquartered in Bielefeld, Germany, Biogas Nord has constructed to date more than 350 biogas plants worldwide, in Germany, Belgium, the Czech Republic, the Netherlands , the USA, Italy, the UK, Belarus, Ireland, Thailand, Cuba, Romania and Latvia. The company provides 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. Biogas Nord's sophisticated plant technology has proven itself throughout the years as durable, flexible and reliable. Its concepts are adapted to local conditions and coupled with the optimised use of efficient, high-grade components. Optimal operating results are achieved by a fermentation technology designed for flexible substrate selection, combined with low operating costs and a high gas yield. Further efficiency increases for each plant are achieved through the integration of a heat recovery system. Biogas Nord is a public company, traded on the Frankfurt Stock Exchange since November 2006. It is operating in Germany through its subsidiary Biogas Nord Anlagenbau GmbH, in Spain through Biogas Nord EspaƱa S.L., in Italy through Biogas Nord Italia S.R.L., in Poland through Biogas Nord Polska Sp. z o. o., in France through Biogas Nord SAS, in the UK through Biogas Nord UK Ltd. and in Korea through Biogas Nord Korea Ltd. If you have any questions please contact: 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 GmbH Hamburger Allee 26-28 D-60486 Frankfurt Tel. +49 (0)69 - 74 30 37 - 00 biogasnord@gfei.de www.gfei.de Disclaimer: This Corporate News is intended solely for informational purposes and does not constitute a solicitation to buy, hold or sell securities. This Corporate News may contain forward-looking statements. Forward-looking statements are statements that are not historical facts. They include statements about our beliefs and expectations. These statements relate to the current plans, estimates and forecasts currently available to the BIOGAS NORD AG management. Forward-looking statements therefore only apply on the day they were made. By their nature, forward-looking statements harbor risks and possible uncertainties. Various known and unknown risks, uncertainties and other factors could mean that the actual results, the financial situation, the development or the performance of the company greatly differs from the estimations published here. These factors include those described by BIOGAS NORD AG in its published reports. These reports are available on the BIOGAS NORD website at www.biogas-nord.com. We assume no liability whatsoever to update these forward-looking statements or to adjusted them in line with future events or developments. End of Corporate News --------------------------------------------------------------------- 23.05.2012 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- 171159 23.05.2012
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