EnviTec Biogas AG: Annual General Meeting appreciates positive business
performance and approves dividend increase

EQS-News: EnviTec Biogas AG / Key word(s): AGM/EGM/Dividend
EnviTec Biogas AG: Annual General Meeting appreciates positive business
performance and approves dividend increase

25.06.2024 / 18:00 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Annual General Meeting of EnviTec Biogas AG appreciates positive business
performance and approves dividend increase

* Dividend of EUR 3.00 per share resolved for the fiscal year 2023

* Good business performance in Q1 2024 presented

* Forecast for full year 2024 confirmed

Lohne, 25 June 2024 - EnviTec Biogas AG (ISIN: DE000A0MVLS8) today held its
Annual General Meeting. In view of the very good earnings and cash position
and the solid equity ratio, the shareholders approved the company's dividend
proposal of EUR 3.00 per dividend-bearing share. All other items on the
agenda were also approved by a large majority. The Annual General Meeting
was attended by shareholders holding around 84% of the voting rights.

Jörg Fischer, Chief Financial Officer of EnviTec Biogas AG: "We have grown
strongly over the past years and have used the successful development to
make targeted and substantial investments to ensure our continued success in
the future. The investment programme launched in 2021 now totals EUR 200
million, of which around EUR 130 million will already be invested by the end
of the year. This essentially relates to the expansion of our biogas
upgrading activities including the start of bio-LNG fuel production in the
Own Plant Operation segment. We also took important decisions in the Plant
Construction and Service segments and gained a foothold in new dynamic
markets such as the USA. The dividend increase reflects the Group's higher
overall profitability."

Fischer also sees the company well on track in terms of current business
development. In the first three months of 2024, EnviTec generated total
output of EUR 80.8 million at Group level (Q1 2023: EUR 89.5 million).
Earnings before taxes (EBT) stood at EUR 14.5 million (Q1 2023: EUR 21.0
million). Total output (or revenue) of between EUR 360 million to EUR 400
million and EBT of between EUR 40 million and EUR 50 million is expected for
the full year 2024. The decline compared to the fiscal year 2023 is mainly
due to one-time effects in the Energy unit, which will not occur in this
form in the current financial year. At the same time, the Group's business
volume and profitability are significantly higher than in the previous
years, which underlines the dynamic development of EnviTec.

In his presentation, Chief Technology Officer Jürgen Tenbrink first
introduced the newly formed management team of the Plant Construction
segment, which has been composed of Jakob Falkenstein, Maurice Markerink and
himself since early 2024. He also reported on the status quo of several
current EnviTec projects, including the ongoing expansion and conversion of
the existing plant in Forst as well as EnviTec's successful entry in the
Swedish market.

In his report, Olaf von Lehmden, CEO of EnviTec Biogas AG, focused on the
Group's strategy and the prospects in the international biogas markets.
Especially in Germany, he pointed out, there was still insufficient
political support for biogas producers, although the many different fields
of application for biogas - from heating to road transport to chemical raw
materials - would make a green gas transition possible in many areas. In his
opinion, policy-makers' inactivity is particularly evident when it comes to
fraudulent imports from China, which has led to a strong decline in GHG
quota prices, creating uncertainty in the market and preventing long-term
investments.

"At the European level, by contrast, we are seeing political support for
biogas as a source of energy. In particular, the RePower-EU Plan has led to
new momentum in several European markets. In the USA, the Inflation
Reduction Act continues to offer great opportunities for us. And thanks to
our investments, our flexibility and our diversified structure, we are
ideally positioned to seize further opportunities that arise in the
international biogas markets. We are increasingly focusing on new
applications in gas upgrading and the fermentation of residual materials and
waste. By contrast, the generation of electricity from biogas will become
clearly less important in the market and also for our business in the coming
years," von Lehmden explained.

About EnviTec Biogas AG

EnviTec Biogas AG covers the entire value chain for the production of
biogas, including the planning and construction of biogas plants and biogas
upgrading plants as well as their commissioning. The company takes charge of
biological and technical services on demand, and also offers operational
management services. EnviTec operates 87 own plants, making it the largest
biogas producer in Germany at present. EnviTec's business activities also
include the production and marketing of climate-neutral fuels (bio-LNG) for
the transport sector as well as food-grade liquid carbon dioxide (LCO2).
With a presence in 16 countries worldwide, EnviTec Biogas AG is represented
by its own companies, sales offices, strategic partners and joint ventures.
In 2023, the EnviTec Group generated revenue of EUR 416.8 million and EBT of
EUR 88.2 million. The Group currently employs some 690 people. EnviTec
Biogas AG has been listed on the Frankfurt Stock Exchange since July 2007.

Contact:
Katrin Hackfort
EnviTec Biogas AG
Phone: +49 25 74 88 88 - 810
Email: ir@envitec-biogas.de


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25.06.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        EnviTec Biogas AG
                   Industriering 10a
                   49393 Lohne
                   Germany
   Phone:          +49 (0) 44 42 - 80 65 0
   Fax:            +49 (0) 44 42 - 80 65 103
   E-mail:         info@envitec-biogas.de
   Internet:       www.envitec-biogas.de
   ISIN:           DE000A0MVLS8
   WKN:            A0MVLS
   Listed:         Regulated Unofficial Market in Berlin, Dusseldorf,
                   Frankfurt (Basic Board), Hamburg, Hanover, Munich,
                   Stuttgart, Tradegate Exchange
   EQS News ID:    1932939

End of News EQS News Service
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1932939 25.06.2024 CET/CEST