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DGAP-News: KTG Energie AG: First half-year with strong growth in sales and earnings and considerably improved forecast

June 17, 2014

KTG Energie AG / Key word(s): Half Year Results 17.06.2014 14:12 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: First half-year with strong growth in sales and earnings and considerably improved forecast - Sales increase by 38% in first half-year - EBITDA and EBIT gain by 34% - Forecast for earnings in 2013/2014 increases by over 27% Hamburg, June 17, 2014 - KTG Energie AG (ISIN: DE000A0HNG53) has increased sales by 38% to EUR29.82 million in the first half-year of 2013/2014 (November through April) in comparison with the same period in the previous year. At the same time, EBITDA rose by 34% to EUR8.5 million. EBIT also increased by 34% to EUR5.5 million. Adjusted by the included trading volume (EUR1.2 million) the EBITDA margin improved by 1.2 percentage points to 29.7% while the EBIT margin increased by almost 1.0 percentage point to 19.2%. This is shown in the provisional mid-year financial report. Based on the positive trend in the first half-year, the Executive Board is increasing its forecast for the current fiscal year and is now expecting sales of at least EUR65 million (previously: up to EUR65 million), an EBITDA of at least EUR18 million (previously EUR16 to EUR17 million) and an EBIT of at least EUR11.5 million (previously EUR9.0 to EUR9.5 million). The Executive Board is thus raising the earnings forecast by 27% to EUR11.5 million. The installations and equipment are being expanded according to plan, so that the Executive Board is confident that capacity can be expanded from 43 megawatts at present to 50 megawatts by July 31, 2014 - and thus reach the goal of 50 MW more than an year earlier than originally planned. For the entire capacity of 50 megawatts, the feed-in tariff for 20 years from commissioning, which is more favorable than the planned EEG amendment, thus applies. According to CEO Dr. Thomas Berger, "Our guaranteed sales base will thus increase to over EUR75 million per year while our EBITDA base will rise to considerably higher than EUR20 million. We are focusing on four attractive pillars for our future growth - favorable acquisition opportunities, the additional optimization potential of existing plants, as well as new opportunities on the market for mobile heat transport and the construction of biogas plants that use residual agricultural waste. The close relationship with our parent company KTG Agrar and its successful entry into the food market enable us to continue to ensure the residual material flows that will be required in the future in order to utilize this new option offered by the EEG amendment". The company will publish KTG Energie AG's interim report for the first half of 2013/2014 on July 22. 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 AGKTG 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 65 staff and has, according to preliminary figures, more than doubled sales volume in the short fiscal year 2013 (January through October), in comparison with the previous year, to around EUR50 million and increased the operating result (EBITDA) by 95% to EUR13 million. The company has been listed on the Frankfurt Stock Exchange since 2012. Preliminary Key Figures for 1st Half-Year KTG Energie AG 1st half of 2013/2014 1st half of Var. % Abs. var. in million EUR 2012/2013 in million EUR Sales 29.82 21.58 +38% +8.24 EBITDA 8.5 6.32 +34% +2.18 EBIT 5.5 4.1 +34% +1.4 Financial Calendar: KTG Energie AG Annual General Meeting June 19, 2014 Publication of Mid-Year Report July 22, 2014 4th Zurich Capital Market Conference (ZKK) Sept. 10, 2014 Bond: Annual interest payment Sept. 28, 2014 18th Munich Capital Market Conference (MKK) Dec. 9-10, 2014 17.06.2014 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 ---------------------------------------------------------------------------


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Source: DGAP Corporate News