EnviTec Biogas AG, 2012 Earnings Call, Apr 30, 2013

EnviTec Biogas AG provided sales guidance for the year 2013. The company expects sales and a positive operating result of EUR 170 million to EUR 180 million for 2013.

EnviTec Biogas AG reported preliminary results for the financial year ended 31 December 2012. For the year, group sales came in at approximately EUR 190 million compared to EUR 244 million in the year 2011. This clear decline in sales is also reflected in the earnings performance. Earnings before interest, taxes, depreciation and amortisation (EBITDA) reduced from EUR 20.3 million to approximately EUR 14.5 million. The increase in depreciation and amortisation, particularly due to the higher number of own biogas plants, resulted in earnings before interest and taxes (EBIT) declining from EUR 10.8 million to approximately EUR 1.3 million. This reduction is also due to costs in the Italian Own Plant Operation segment rising towards the end of the year, reflecting a very poor harvest which unexpectedly drove up the prices of agricultural commodities in Italy. Due to the lower capital expenditure, the good cash position and the very solid equity ratio of 52% (as at 31 December 2012), the supervisory board and the executive board will propose payment of a special dividend amounting to EUR 1.00 per share to the shareholders at the ordinary Annual General Meeting on 27 June 2013.