DGAP-News: KTG Energie AG acquires biogas plants with a capacity of 7.5 MW and wants to increase sales volume to EUR100 million

KTG Energie AG  / Key word(s): Mergers & Acquisitions/Change in Forecast

04.05.2015 14:53

Dissemination of a Corporate News, transmitted by DGAP - a service of EQS
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announcement. 

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KTG Energie AG acquires biogas plants with a capacity of 7.5 MW and wants
to increase sales volume to EUR100 million

  - Sales volume to increase by EUR12 million from 2015/2016 

  - Sales base of the plant portfolio will reach more than EUR90 million
    from 2015/2016

  - EBITDA base to rise to between EUR28 and EUR29 million

Hamburg, May 4, 2015 - KTG Energie AG (ISIN: DE000A0HNG53) has acquired
three biogas sites with a total capacity of 7.5 MW. With this growth in
plant capacity, KTG Energy will achieve an additional sales volume of EUR12
million and an additional EBITDA of between EUR3 and EUR4 million per year
after the integration phase. The favorable remuneration in accordance with
the Renewable Energy Act 2009/11 is guaranteed beyond 2030 for these
plants. The three sites in Brandenburg are supplied with substrates by the
KTG Agrar Group and local farmers. KTG Energie will optimize the plants in
order to achieve comparatively high capacity utilization, as in its own
plant park. The plants are being sold by the insolvent AC Biogas Group in
Münster. The insolvency court in Münster has already agreed to the
acquisition by KTG Energie AG.

Sales to rise to EUR100 million in 2015/2016

Overall, KTG Energie's production capacity will grow to over 60 MW through
the takeover. A considerable increase in sales volume is also expected for
the current fiscal year - the company is already reckoning with sales of
over EUR80 million and EBITDA of EUR26 million for fiscal year 2014/2015.
With the existing plant portfolio alone and after the integration of the
acquired sites, the already secured sales base will grow to over EUR90
million and the EBITDA base will increase to between EUR28 and EUR29
million from fiscal year 2015/2016. The Executive Board sees excellent
opportunities of increasing sales volume to EUR100 million in fiscal year
2015/2016 by expanding the existing portfolio and through further
acquisitions.

Sales volume and earnings have increased fourfold since 2011

CEO Dr. Thomas Berger: "The takeover shows that attractive growth in the
secure Renewable Energy Act market is still possible. The sites fit in
perfectly with our production network - we will organize plant
optimization, service and monitoring very effectively. Compared with 2011,
we have increased the sales and earnings of KTG Energie AG more than
fourfold". At the end of the current fiscal year, the production capacity
is forecasted to lie at around 25% higher than at the IPO in 2012. "The
feed-in tariff, which is guaranteed for twenty years, as well as the
guaranteed purchase, secure our own future sales volumes and earnings, so
that our business model is built on an extremely solid foundation and
enables attractive dividends", says Berger. "We will start immediately to
adapt the plants as quickly as possible to our proficiency level and
integrate them into our organizational processes", says COO Christian Heck.
"This acquisition has enabled us to establish KTG Energie AG as the market
leader in biogas production and thus No. 1 in Germany. We have thus
achieved this long-term goal earlier than planned", says Dr. Berger.


Contact 

Investor Relations / Presse
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 implements an integrated, sustainable business model, in
which the production of renewable commodities is not in competition with
foodstuff production. At the end of July 2014, KTG Energie AG employed a
staff of 79 and operated biogas plants with a total capacity of 60 MW,
which feed processed biogas directly into the natural gas grid and
simultaneously use biogas for power production. This will provide a
guaranteed sales base of EUR90 million and an EBITDA base of between EUR28
and EUR29 million from fiscal year 2015/2016.

04.05.2015 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:       Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
              Stuttgart; Open Market (Entry Standard) in Frankfurt
 
End of Announcement                             DGAP News-Service
 
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