UK markets open in 4 hours 21 minutes
  • NIKKEI 225

    29,093.93
    +225.02 (+0.78%)
     
  • HANG SENG

    19,846.06
    +15.54 (+0.08%)
     
  • CRUDE OIL

    86.72
    +0.19 (+0.22%)
     
  • GOLD FUTURES

    1,790.50
    +0.80 (+0.04%)
     
  • DOW

    34,152.01
    +239.61 (+0.71%)
     
  • BTC-GBP

    19,819.81
    -235.34 (-1.17%)
     
  • CMC Crypto 200

    571.21
    -0.70 (-0.12%)
     
  • ^IXIC

    13,102.55
    -25.55 (-0.19%)
     
  • ^FTAS

    4,166.38
    +11.29 (+0.27%)
     

EnviTec Biogas AG again raises earnings forecast for fiscal year 2022

  • Oops!
    Something went wrong.
    Please try again later.
·2-min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

EnviTec Biogas AG / Key word(s): Change in Forecast
EnviTec Biogas AG again raises earnings forecast for fiscal year 2022

28-Jul-2022 / 09:46 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

EnviTec Biogas AG again raises earnings forecast for fiscal year 2022


Lohne, July 28, 2022 – The Management Board of EnviTec Biogas AG (ISIN: DE000A0MVLS8) today again raised its earnings forecast for the current fiscal year 2022 and now earnings before taxes (EBT) at Group level in the range of EUR 45 to 50 million. Previously, EnviTec's management had assumed EBT in the range of 35 to 40 million euros. The reason for the increase in the earnings forecast is the ongoing rise in electricity and gas prices, which are expected to result in significantly higher earnings in the Own Plant Operation segment. In addition, the higher quota prices for the use of low-emission fuels such as bio-LNG in the transport sector for medium and heavy trucks will have a positive impact on the annual result.

However, the current crisis due to the war in Ukraine with continuing price increases and supply chain problems continues to represent a risk factor, particularly in the Plant Construction Segment.

 

Contact:

Katrin Hackfort

EnviTec Biogas AG

Phone: +49 25 74 88 88 - 810

Email: k.hackfort@envitec-biogas.de

28-Jul-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

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:

1407707


 

End of Announcement

DGAP News Service

show this
show this
Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting