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Germany’s Envitek announces strong sales and earnings growth

Lohne, Lower Saxony-based Envitek Biogas AG announced that demand for its biogas plants remained strong. In H1 of 2007, the company generated sales of €65.6 million, up 92.4% from the previous year’s figure. The company plans to expand in Belgium, Croatia and Romania.

EnviTec Biogas AG is an integrated provider of biogas plants that covers the entire value chain for the production of biogas, including the planning and turnkey construction of biogas plants as well as their commissioning. The company generated sales of €65.6 million, up 92.4% from previous year’s figure €34.1 million. EBIT grew from €7.6 million to €11.3 million, which corresponds to an increase of 48.7% year-on-year. At the end of H1, biogas plants constructed by EnviTec with a total electrical connected load of 73.4 megawatts were in operation. This makes the German company Europe’s largest provider of biogas plants. Through project companies, EnviTec also operates proprietary plants in cooperation with partners.

Today, the company is represented through its own subsidiaries, joint ventures or sales offices in the Netherlands, Italy, the UK, Hungary, the Czech Republic, the Ukraine and India. Furthermore, EnviTec is in the process of planning and constructing biogas plants in Belgium, Croatia and Romania. (ad-hoc-news.de)