Source: EQS Group AG

DGAP-News: KTG Energie AG: Investment-grade rating once again confirmed

DGAP-News: KTG Energie AG / Key word(s): Miscellaneous
KTG Energie AG: Investment-grade rating once again confirmed

28.05.2014 / 12:38

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KTG Energie AG: Investment-grade rating once again confirmed

  - Creditreform assesses credit rating of BBB-  as "very satisfactory" 

  - Very positive sales and earnings performance trend in operative
    business

  - High degree of planning security due to fixed rates of remuneration and
    purchasing agreements

Hamburg, May 28, 2014 - The rating agency Creditreform has once again
attested a very satisfactory credit rating to KTG Energie AG (share: ISIN:
DE000A0HNG53; bond: ISIN: DE000A1ML257) under its annual rating check. The
rating specialists confirm the assessment of KTG Energie AG as BBB-,
despite the market challenges resulting from the considerable changes in
the regulatory environment. BBB- is an investment grade assessment. At the
same time, Creditreform certifies the company with a very positive sales
and earnings performance in operative business as well as a high degree of
planning security due to fixed feed-in tariffs and purchasing agreements.
The Executive Board views the rating assessment as a successful result of
the positive business development and as a confirmation of the implemented
strategy.

"Since the last rating update, the market environment has become
considerably more complex as a result of the changes to the EEG. It is
fortunate that we made massive investments in the expansion of our asset
portfolio in time. The rating assessment shows how solid our planning, our
business model and our financial structure is, even under these
conditions", explains Dr. Thomas Berger, CEO of KTG Energie AG.

KTG Energie AG, the largest producer of renewable energy from biogas listed
on the stock exchange, increased sales by 61% from EUR31.60 million to
EUR50.93 million and EBITDA by 97% from EUR9.04 million to EUR13.22 million
in the short business year 2013. At October 31, 2013 KTG Energie AG already
had a production capacity of 41 MW, and by the end of July 2014, the
production capacity will increase to 50 MW - the basis for sustained and
projectable sales and earnings.
 
The company has succeeded in stabilizing its funding position and thus
finding financing alternatives appropriate for its fast growth by
refinancing assets and increasing bonds, explains Creditreform in the
rating report.

The rating result reflects the analyses of the consolidated financial
statements, the business plan, operational and financial planning,
liquidity planning and the analysts' meetings with management. The market
environment and market trend are also included in the assessment.
Creditreform analyses companies according to both the requirements of
international standards for rating agencies of the IOSCO (International
Organization of Securities Commissions) as well as according to the
national rating standards of the DVFA (Deutsche Vereinigung für
Finanzanalyse und Asset Management: German Association for Financial
Analysis and Asset Management).

The rating certification and the rating summary are published on the
Internet site www.ktg-energie.de.

About KTG Energie AG 

KTG Energie AG, based in Hamburg, is specialized in the production of
renewable energies from renewable raw materials. To this end, the company
has been operating biogas plants in Germany since 2006 and covers the
entire value added chain from the planning and construction to the
operation of the systems. Sales quantities are guaranteed through the
Renewable Energy Act (EEG) for a period of 20 years at fixed conditions.
Today, over a quarter of a million people are already supplied with clean,
environmentally-friendly energy. As a subsidiary of the agricultural
company KTG Agrar AG, the supply of renewable raw materials - particularly
catch crops, grass and straw - is guaranteed in the long term. KTG Energie
currently employs around 65 staff and has, according to preliminary
figures, more than doubled sales volume in the short fiscal year 2013
(January through October), in comparison with the previous year, to around
EUR50 million and increased the operating result (EBITDA) by 95% to EUR13
million. The company has been listed on the Frankfurt Stock Exchange since
2012.

More information: www.ktg-energie.de

Contact
Investor Relations / Presse
Tobias M. Weitzel
BSK Becker+Schreiner Kommunikation GmbH 
Phone: +49 2154-81 22 16
E-mail: weitzel@kommunikation-bsk.de


End of Corporate News

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Language:    English                                                 
Company:     KTG Energie AG                                          
             Ferdinandstr. 12                                        
             20095 Hamburg                                           
             Germany                                                 
Phone:       +49 40 76755372                                         
Fax:         +49 40 76755374                                         
E-mail:      info@ktg-energie.de                                     
Internet:    www.ktg-energie.de                                      
ISIN:        DE000A0HNG53, DE000A1ML257,                             
WKN:         A0HNG5, A1ML25                                          
Listed:      Freiverkehr in Berlin, Düsseldorf, München, Stuttgart;  
             Frankfurt in Open Market (Entry Standard)               
 
 
End of News    DGAP News-Service  
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