EnviTec Biogas AG reported consolidated earnings results for the first half ended June 30, 2018. For the period, the company's sales revenues rose by 1.5% to EUR 79.8 million. Earnings before interest and taxes improved from EUR 0.6 million in the prior year period to EUR 5.0 million in the first six months of 2018. Total output, which also includes plants under construction, declined to EUR 86.7 million at group level (EUR 101.7 million). The reduction in total output is essentially attributable to the continued difficult market conditions and to postponed projects in the Plant Construction segment. By contrast, the general trend in the Service and Own Plant Operation segments remained positive. The group's earnings increased strongly in the first six months of 2018. One of the main reasons was the noticeably improved result of the Plant Construction segment. Consolidated earnings before interest and taxes (EBIT) rose from EUR 0.6 million in the prior year period to EUR 5.0 million in the reporting period. Net income after minority interests increased sharply from EUR 0.9 million to EUR 3.5 million. Earnings per share amounted to EUR 0.24 at group level in the first half of 2018 compared to EUR 0.06 a year ago.

At Group level, the Executive Board of the company has confirmed the existing forecast for the full year 2018 and continues to project a total output at the prior year level and slightly higher earnings before interest and taxes (EBIT) than in the previous year.