KTG Energie AG / Key word(s): Half Year Results
22.07.2014 14:56
Dissemination of a Corporate News, transmitted by DGAP - a company of EQS
Group AG.
The issuer / publisher is solely responsible for the content of this
announcement.
---------------------------------------------------------------------------
KTG Energie AG: Sales and earning growing more strongly than planned
- Sales increase by 49% to EUR32.1 million in the first half-year
- EBITDA rises by 57% to EUR9.9 million
- Expansion to 50 MW system power fully on track
- Further growth planned through acquisitions and new market segments
Hamburg, July 22, 2014 -KTG Energie AG (ISIN: DE000A0HNG53) has increased
its sales by 49% to EUR32.1 million in the first half of 2013/2014
(November through April) in comparison with the same period in the previous
year. EBITDA improved by 57% to EUR9.9 million, while EBIT rose by more
than 37% to EUR5.6 million, and the result after tax increased tenfold from
EUR0.1 million to EUR1 million.
Forecast once again increased
"In the first half-year, we developed even better than expected and can
therefore once again increase the forecast for the entire year", says Dr.
Thomas Berger, CEO. Based on the strong performance in the first half-year,
the company increased its forecast for the current fiscal year on June 17.
The Executive Board is now expecting sales of over EUR65 million, EBITDA of
EUR19.5 to EUR20.5 million as well as EBIT of EUR12 to EUR12.5 million.
Additional sales through retroactive settlement of bonuses
A retroactive credit in the amount of EUR30.1 million has been received
from an energy supplier in the operative sales of biogas systems. This
credit has been billed after the evaluation of environmental reports in
year-end accounting in the amount of EUR1.5 million. Based on experts'
verifications, these bonuses can be billed in future. EBITDA is also
increasing accordingly. This effect is reflected proportionately in EBIT,
due to the higher - in comparison with the previous year - scheduled
depreciation of additional biogas systems that have, in the meantime, been
capitalized.
Sales and earnings base to enjoy vigorous growth
In the current fiscal year, KTG Energie has focused completely on expanding
the capacity of its systems. The capacity is to increase from 43 megawatt
currently to 50 megawatt by July 31, 2014. "We will achieve our goal of 50
MW more than a year earlier than originally planned and will thus secure
the favorable feed-in tariff from the prevailing EEG 2012 for 20 years from
implementation", explains CEO Dr. Thomas Berger. The sales base, guaranteed
on the basis of the EEG amendment, will thus increase to over EUR75 million
per year, while the EBITDA base will increase to considerably more than
EUR20 million. "Thanks to the earnings secured in the long-term, we will
achieve our goal of developing into attractive dividend-paying stock even
earlier than originally planned", says Berger.
Further growth planned through acquisitions and new market segments
In future, KTG Energie wants to increase growth through favorable
acquisition opportunities, additional optimization potential of existing
systems and new opportunities on the market for mobile heater transfer, as
well as through the construction of biogas systems that utilize
agricultural residue and biological waste. Berger: "We even foresee very
good opportunities in the short-term to further expand our sales and
earnings base by acquiring existing systems that we can substantially
optimize".
KTG Energie AG's Interim Report on the first half of 2013/2014 (German
version) can be viewed on the company's homepage at www.ktg-energie.de in
the area Investor Relations under "Dokumente".
Key figures at the first half-year
<pre>
1st HY 2013/2014 1st HY % var. Abs. var.
KTG Energie AG in mill. EUR 2012/2013
in mill. EUR
Sales 32.1 21.5 +49% +10.6
EBITDA 9.9 6.3 +57% +3.3
EBIT 5.6 4.1 +37% +1.5
</pre>
Contact
Investor Relations / Press
Tobias M. Weitzel
BSK Becker+Schreiner Kommunikation GmbH
Phone: +49 2154-8122 16
E-mail: weitzel@kommunikation-bsk.de
---------------------------------------------------------------------------
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 around 69 staff. In the short fiscal year 2013, the
company more than doubled sales volume to EUR50.9 million, in comparison
with the first ten months of the previous year (January through October
2012: around EUR23 million). The operative result (EBITDA) improved by 97%
to EUR13.2 million (January through October 2012: EUR6.7 million), while
EBIT increased to EUR8 million. The individual company KTG Energie AG
achieved a profit of over EUR3 million, of which it distributed almost 80%
as a dividend to shareholders (EUR0.40 per share). The company has been
listed on the Frankfurt Stock Exchange since 2012.
22.07.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
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
---------------------------------------------------------------------------
DGAP-News: KTG Energie AG: Sales and earning growing more strongly than planned
| Source: EQS Group AG