DGAP-News: KTG Energie AG / Key word(s): Preliminary Results/Change in
Forecast
KTG Energie AG increases operative result by 60%
22.01.2015 / 15:54
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CORPORATE NEWS
KTG Energie AG increases operative result by 60%
- Total operative performance increases by 43% to EUR73 million
- Plant sales: +55% to EUR65 million
- EBITDA: +59% to EUR21 million
- EBIT: +50% to EUR12 million
- EBITDA forecast for 2014/2015 raised to EUR 25 million
Hamburg, January 22, 2015 - KTG Energie AG (ISIN: DE000A0HNG53)
significantly increased sales and in particular its earning power in fiscal
year 2013/2014 according to preliminary, as yet unattested data. Total
operative performance increased by around 43% to around EUR73 million
(short financial year 2013: EUR50.9 million), and the profitable asset
sales by around 55% to EUR65 million (2013: EUR42 million). EBITDA
increased at a disproportionately high rate by over 59% to EUR21 million
(2013: EUR13.2 million), and EBIT by 50% to EUR12 million (2013: EUR8
million). Dr. Thomas Berger, CEO of KTG Energie AG: "We have thus shown
once more how strongly our operative plant operations are positioned and
how positively growth and the resulting economies of scale impact the
earning power of our entire portfolio".
Disconnected from the negative market trend:
Sustainable success confirmed strong business model
KTG Energie has far more than doubled its sales, EBITDA and EBIT within
just two years. In addition, the company has set new benchmarks in the
market with an average plant utilization of over 94% in power production
and over 97% in gas production. The average capacity utilization in the
market is around 85%. KTG Energie has successfully broken away from the
negative bioenergy market. The high forecasts have been surpassed. "In the
coming years, KTG Energie will continue to excel through its unique
combination of high security and extraordinary earning power. The KTG
Group, the largest agriculturist in Western Europe, supplies input security
and the EEG guarantees reliably plannable, high income with the best
creditworthiness through the ensured feed-in tariff. This enables us to
offer a highly attractive dividend policy", says Berger. The business
model, the high level of competence in plant operation and in particular
the long-term delivery and price guarantee for substrates agreed with the
parent company KTG Agrar have once again proven successful. "This strong
development demonstrates the sustainability of the business model and
substantially distinguishes the company from the negative trend of the
bioenergy industry", continues Berger.
KTG Energie raises forecast
In fiscal year 2014/2015, KTG Energie will aim for a sales base of EUR80
million and a long-term secure profit base of around EUR25 million at
EBITDA level, with the currently installed capacity of 53 MW (+ 3 MW in
development). The Executive Board is thus increasing its forecast in light
of the persistently high earning power of the company. "In fiscal year
2013/2014, we once again developed considerably better than the overall
market and achieved the best year in our corporate history. The sales and
profit base we have achieved and which is secured over the entire remaining
period of the feed-in tariff have grown substantially and enables us to
make KTG Energie an attractive dividend stock", says Berger.
The annual report of the KTG Energie Group for fiscal year 2013/2014 will
be published in mid-February 2015.
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. 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
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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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315693 22.01.2015
DGAP-News: KTG Energie AG increases operative result by 60%
| Source: EQS Group AG