KTG Energie AG / Key word(s): Dividend
01.09.2014 10:17
Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
Group AG.
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announcement.
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KTG Energie AG: Company wants to substantially increase dividend
- EUR0.45 per share is goal for 2013/2014
- Dividend expected to double by fiscal year 2017/2018
- Continuous increase planned
- Secured earnings base enables long-term dividend policy
- Share to become one of the most attractive stocks
Hamburg, September 1, 2014 - KTG Energie AG (ISIN: DE000A0HNG53) wants to
involve its shareholders in the high, long-term earning power of the
company. For the current fiscal year, KTG Energie wants to propose a
dividend of EUR0.45 per share to the shareholders. KTG already paid a
dividend of EUR0.40 per share for the short fiscal year 2013 (January
through October). The company wants to continuously increase the dividend
and double it from EUR0.45 in the current fiscal year to EUR0.90 per share
in fiscal year 2017/2018. This would result in a dividend yield of 7.6%
based on the closing price of August 29, 2014 (EUR11.90). With the biogas
production capacity of 53 MW installed at July 31, 2014 the company has a
legally guaranteed, long-term sales and earnings base - the sales base of
over EUR80 million and the substrate costs secured by long-term contracts
already guarantee an earnings base of over EUR22 million on EBITDA basis
from fiscal year 2014/2015. In future, KTG Energie wants to grow through
favorable acquisition opportunities, additional optimization potential of
existing systems and new prospects in the market for mobile heat transport
and in the construction of biogas systems that use agricultural and
biological waste. "Thanks to the feed-in tariffs guaranteed by the state
for 20 years, our business model is ideal for investors who are expecting
predictable, safe and at the same time attractive dividends. We will strive
to meet this objective with our dividend policy, involve our shareholders
in the fruits of the harvest and become one of the most attractive stocks
in the market", says Dr. Thomas Berger, CEO of KTG Energie AG.
Contact
Investor Relations / Press
Tobias M. Weitzel
BSK Becker+Schreiner Kommunikation GmbH
Phone: +49 2154-8122 16
E-mail: weitzel@kommunikation-bsk.de
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Information and Explaination of the Issuer to this News:
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 69 staff and has, according to preliminary figures, more
than doubled sales volume in the short fiscal year 2013 compared with the
first ten months of the previous year to EUR50.9 million (January through
October 2012: around EUR23 million). The operating result (EBITDA) improved
by 97% to EUR13.2 million (January through October 2012: EUR6.7 million),
and EBIT to EUR8 million. The individual company KTG Energie AG achieved a
profit of over EUR3 million, of which it paid out almost 80% as a dividend
to the shareholders (EUR0.40 per share). The company has been listed on the
Frankfurt Stock Exchange since 2012.
01.09.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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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 Announcement DGAP News-Service
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DGAP-News: KTG Energie AG: Company wants to substantially increase dividend
| Source: EQS Group AG