Biogas Nord AG
Biogas Nord continues its way to success
Biogas Nord AG / Key word(s): Half Year Results 30.09.2011 / 14:45 --------------------------------------------------------------------- Biogas Nord AG (BGN) publishes its half-year results 2011 (accounting date: 30th of June). The group is able to present a further increase in turnover to actually EUR 20.03M. In comparison to a turnover of EUR 13.42M for the same period in 2010, this means an increase of 49,25%. Alexander Rechter, CEO of Biogas Nord is satisfied with this result: 'For the third consecutive year the Biogas Nord Group has shown its ability to achieve two digit growth rates. We continue in expanding our operational activities while maintaining a relatively low increase in expenditures.' The turnover by finished projects during the first six months period achieved EUR17.39M. Compared to EUR 14.34M during the same period in 2010, this means an increase of 21.29%. With these results, BGN not only achieved its ambitious goals for the year 2011 so far - it gives the company force and momentum to expand its global operations and the construction of self-owned biogas plants. Alexander Rechter: 'We expect this positive trend to continue in the coming months. Experience shows, that the second half of a year regularly shows even better results, so that the Group will finish 2011 with gratifying operational results. The management thanks all the Group's employees for their efforts and their contribution to reaching these goals. 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 mbH Hamburger Allee 26-28 D-60486 Frankfurt Tel. +49 (0)69 - 74 30 37 - 00 biogasnord@gfei.de www.gfei.de End of Corporate News --------------------------------------------------------------------- 30.09.2011 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 --------------------------------------------------------------------- 140963 30.09.2011
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