Envitec Biogas AG Announces Earnings Results for the Year of 2018; Provides Earnings Guidance for the Fiscal Year of 2019
EnviTec Biogas AG announced earnings results for the year of 2018. For the year, the company reported sales revenue of EUR 186.8 million compared to EUR 198.8 million a year ago. Earnings before interest and taxes (EBIT) rise to EUR 10.1 million compared to EUR 6.5 million a year ago. Consolidated net income increased from EUR 5.0 million to EUR 6.8 million. Earnings per share for the year 2018 stood at EUR 0.46 compared to EUR 0.33 a year ago.
For the fiscal year 2019, consolidated total output (or revenue) at the prior year level is projected. The EnviTec Executive Board also expects a further improvement in earnings before interest and taxes (EBIT).