EnviTec Biogas (ETG) H2 2024 earnings summary

Executive summary

• 2024 marked a return to normalized performance after record years driven by extraordinary effects, with all segments delivering solid results in a challenging environment.

• Strategic investments in bio-LNG and LCO2 plants and entry into new markets set a foundation for future growth.

Financial highlights

• Total output declined 20.9% to EUR 352.5 million compared to the previous year.

• Revenues fell 19.0% year-over-year to EUR 337.7 million.

• EBITDA dropped to EUR 67.3 million from EUR 116.1 million; EBT halved to EUR 44.0 million from EUR 88.2 million.

• Net income decreased to EUR 29.8 million from EUR 64.1 million; EPS fell to EUR 2.01 from EUR 4.31.

Outlook and guidance

• 2025 forecast: total output/revenues between EUR 330–370 million, EBT between EUR 25–35 million.

• Profitability in 2025 expected to remain above pre-2022 levels despite lower one-time effects.