Biogas Nord AG: Half Year Report 2012 - global sales 61% of turnover
Consolidated sales revenue of TEUR 19.470; (June 2011: TEUR 20.026)
Global revenues of EUR 11,7 million (61,2% of total turnover); (June 2011: EUR 1,8 million, 9,6% of the total turnover)
Gross margin increased by 9,1% to EUR 5,68 million (29,18%) (June 2011: 26,01%)
EUR 143 million order backlog as of September 2012 (previous year: EUR 107 million)
Global presence in 16 countries, and advanced technology will accelerate the Group's growth
The leading provider of biogas technology, Biogas Nord AG, published today its Semi Annual Report as of June 2012.
Despite the 70% decline in the German biogas construction industry, as published recently by the German Biogas Association, Biogas Nord AG was able within a short period, to shift its historical dependence on the German market to the international markets. Following its global expansion strategy, Biogas Nord generated during the first six months of 2012 a turnover of TEUR 19.470, similar to the June 2011 turnover of TEUR 20.026. The total turnover generated from International projects during the first half year period, totaled EUR 11.7 million, comprising 61,2% of the total turnover, compared to EUR 1,8 million of international revenues as of June 2011, an increase of 523,5% in the international turnover generated during the period compared to the same period in 2011.
During the six months period ended June 2012 the gross margin was increased by 9,08% compared to the same period in 2011. The gross margin as of the six months period ended June 2012 totaled EUR 5.68 million or 29,18%.(June 2011: EUR 5.21 million; 26,01%). Due to its advanced technology and the global expansion of the Group, it is expected that the higher gross margin will not to be a one-time phenomenon.
During the six months period ended June 30th 2012 the EBITDA reached almost break-even level TEUR -6 ( June 2011: TEUR 71), despite the extra costs incurred by the international expansion. The Group loss for the same period totaled TEUR -464 (same period of previous year: TEUR -303).
The Group has increased its presence from 13 countries at the end of 2011 to 16 countries as of June 30th 2012, and is expected to start construction in 3 other countries until the end of 2012.
At the end of September 2012, the project pipeline has reached EUR 143 million, compared to EUR 107 million in September 2011. Of these projects, 79% are expected to be generated from the global markets, compared to 22,2% at the end of September 2011.
" The half year figures for June 2012 confirm our strategic decisions made in the past to expand our global presence, to further invest in self-owned biogas plants and to maintain our leading technological position with our innovative technology. With 61,2% of international sales generated during June 2012, compared to only 9,6% on June 2011, together with the Euro 143 million of project pipeline with 79% of international projects, the shift of Biogas Nord from "Local to Global" is already a clear fact. With our global presence and our project pipeline we are confident that we will continue to grow globally": Alexander Rechter, CEO of Biogas Nord AG.
The Semi Annual Report for June 2012 can be downloaded from www.biogas.de under the investor section.
Enspar Biogas GmbH
Biogas Nord is a global company building turn-key biogas plants all over the world. Established in the year 2000 and headquartered in Bielefeld, Germany, Biogas Nord has constructed to date more than 400 biogas plants worldwide, in Germany, Belgium, the Czech Republic, the Netherlands , the USA, Italy, the UK, Belarus, Ireland, Thailand, Cuba, Romania and Latvia, France and Slovakia. The company provides solutions in all areas of biogas technology starting with concept development, operation and feasibility analysis, detailed design and planning, provision of approvals and licenses, construction and commissioning, and finally operation, management, and service and maintenance.
Biogas Nord's sophisticated plant technology has proven itself throughout the years as durable, flexible and reliable. Its concepts are always adapted to local conditions and coupled with optimised use of efficient, high-grade components. Optimal operating results are achieved by a fermentation technology designed for flexible substrate selection combined with low operating costs and a high gas yield. Further efficiency increases for each plant are achieved through the integration of a heat recovery system.
Biogas Nord is a public company, traded on the Frankfurt Stock Exchange since November 2006. It is operating in Germany through its subsidiary Biogas Nord Anlagenbau GmbH, in Spain through Biogas Nord España S.L., in Italy through Biogas Nord Italia S.R.L., in Poland through Biogas Nord Polska Sp. z o. o., in France through Biogas Nord SAS, and in the UK through Biogas Nord UK Ltd. and in Korea through Biogas Nord Korea Ltd.