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DGAP-News: KTG Energie AG boosts revenues and earnings significantly in the 2013 stub financial year and stays on the growth track

January 21, 2014

DGAP-News : KTG Energie AG / Key word(s): Preliminary Results/Bond KTG Energie AG boosts revenues and earnings significantly in the 2013 stub financial year and stays on the growth track 22.01.2014 / 08:00 --------------------------------------------------------------------- KTG Energie AG boosts revenues and earnings significantly in the 2013 stub financial year and stays on the growth track - Gas revenues and electricity revenues climb 200 percent and 45 percent, respectively - Sales revenues more than doubled to EUR 50 million - EBITDA increase by a disproportionate 95 percent to EUR 13 million - Expansion supported by new LaTherm heat concept - Existing plants to benefit from protection under the amended EEG Hamburg , 22 January 2014 - In the 2013 stub financial year, which ended on 31 October 2013 , KTG Energie AG (ISIN: DE000A0HNG53) again boosted both its sales and earnings significantly compared to the prior year period, according to preliminary figures. Sales revenues increased more than twofold on the first ten months of the previous year to EUR 50 million (Jan. to Oct. 2012 : EUR 23 million ), while earnings before interest, taxes, depreciation and amortisation (EBITDA) climbed 95 percent to EUR 13 million (Jan. to Oct. 2012 : EUR 6.7 million ). Growth was primarily driven by sales of biomethane fed directly into the gas grid, which grew by 224 percent to EUR 15 million , and by electricity sales, which increased by 45 percent to EUR 27 million . 'The financial year 2013 was an excellent year for our company. We again achieved extremely strong growth and more than reached our expansion targets,' says Dr. Thomas Berger , CEO of KTG Energie AG . Attractive acquisition options - mobile heat storage containers to use waste heat '2013 also saw us lay the basis for future growth,' Dr. Berger adds. Between October 2012 and October 2013 , KTG Energie increased its generation capacity from 32 MW to over 41 MW, and the company will stay on the growth track. Says Dr. Berger: 'In November and December 2013 , we were able to expand existing plants and, hence, to further increase the connected capacity. Moreover, we stand a good chance of acquiring more existing biogas plants at attractive conditions and to upgrade them with our technology. Also, the mobile heat transport market, which will be tapped by our subsidiary, LaTherm Energie AG , will offer additional sales and earnings potential going forward.' Waste heat from cogeneration units will be fed into the patented mobile heat storage containers and then be trucked to the place of consumption, where it is released as required, thereby creating a mobile distance heating network. Amended EEG will guarantee compensation for existing plants and plants under construction The compensation guarantee for existing plants provided for in the benchmark paper on the amendment of Germany's Renewable Energy Sources Act (EEG) recently presented by Economics Minister Sigmar Gabriel is viewed positively by KTG Energie . Says Dr. Berger: 'The guarantee for the remaining term of the 20-year feed-in compensation and the feed-in priority will support future sales and earnings from our existing plants and the plants under construction.' KTG Energie welcomes the fact that the benchmark paper also covers agricultural waste products. However, policy-makers should rethink their attitude towards the gas upgrading bonus. 'Being a balancing energy, biomethane is best suited to compensate for fluctuations in demand, which makes it a key success factor for the nuclear phase-out. This potential is far from being fully exploited. We already have access to the technology and infrastructure for gas upgrading without having to make additional investments,' says Dr. Berger. The existing gas grid is the ideal storage medium and transports locally generated energy directly to the consumer - without additional costs and on a 'just-in-time' basis. Says Dr. Berger: 'All feedstock materials which do not compete with the production of food should be subsidised, especially intercrops.' KTG Energie is a pioneer in the use of intercrops. As early as 2006, the company started using intercrops such as millet and Sudan grass. 'We will achieve our expansion goals within the existing EEG. Furthermore, the use of agricultural residues opens up new opportunities, ' says Dr. Berger. KTG Energie AG will publish the dividend proposal for the 2013 stub financial year in February 2014 and the Annual Report for the 2013 stub financial year in March 2014 . ABOUT KTG ENERGIE AG Headquartered in Hamburg , KTG Energie AG (ISIN: DE000A0HNG53) specialises in the production of green energy from renewable resources. The company has operated biogas plants in Germany since 2006, covering the entire value chain from planning to construction and operation. Currently, the company has biogas plants with a production capacity of about 41 megawatts on the grid. Offtake at fixed terms is guaranteed under the German Renewable Energy Sources Act (EEG) for a period of 20 years. More plants are either under construction or at the planning stage. Today already, this capacity is sufficient to supply over a quarter million people with clean green energy. Production capacity will be expanded in the coming years. As a subsidiary of agricultural producer KTG Agrar AG , the company benefits from long term access to renewable feedstock supplies, in particular intercrops, grass and hay. KTG Energie currently employs approximately 65 people and has boosted both its sales and earnings significantly in the 2013 stub financial year compared to the prior year period, according to preliminary figures. Sales revenues increased more than twofold on the first ten months of the previous year to EUR 50 million , while EBITDA climbed 95 percent to EUR 13 million . The company has been listed on the Frankfurt Stock Exchange since 2012. CONTACT Investor Relations / Press Fabian Lorenz IR.on AG Phone: +49 221 914097-6 E-mail: fabian.lorenz@ir-on.com End of Corporate News --------------------------------------------------------------------- 22.01.2014 Dissemination of a Corporate News , transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. 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 News DGAP News-Service --------------------------------------------------------------------- 248994 22.01.2014


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Source: DGAP Corporate News


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