DGAP-News: KTG Agrar AG: Annual General Meeting approves all agenda items with a majority of over 99 percent
(firmenpresse) - DGAP-News: KTG Agrar AG / Key word(s): AGM/EGM
KTG Agrar AG: Annual General Meeting approves all agenda items with a
majority of over 99 percent
27.08.2012 / 12:20
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PRESS RELEASE
KTG Agrar AG: Annual General Meeting approves all agenda items with a
majority of over 99 percent
- Dividend increases by 20 percent
- Good grain harvest with the right yield, quality and price
- Continued growth in total output and EBIT projected for 2012
Hamburg, 27 August 2012 - At the ordinary Annual General Meeting, the
shareholders of agricultural company KTG Agrar AG (ISIN: DE000A0DN1J4)
approved each item on the agenda with a majority of over 99 percent. Apart
from discharging the Management Board and the Supervisory Board from
liability for the past financial year, the 250 or so shareholders and
shareholder representatives of the company also approved the 20 percent
dividend increase to EUR 0.18 per share.
The Management Board took a positive look back at the year 2011. 'We were
again able to reconcile the conflicting demands of profitable growth and
massive investments in the future,' said CEO Siegfried Hofreiter. 'The
successful investment year 2011 is an excellent basis for growing profits
in the coming years.' The past year saw KTG Agrar expand its farmland by
2,500 hectares to about 35,000 hectares, of which about 8,000 hectares are
owned by the company. This makes KTG Agrar one of the biggest agricultural
companies in Europe in terms of farmland ownership. In 2011, the company
also expanded its biogas production activities, doubling its production
capacity from 11 to 22 megawatts (MW). In the meantime, the grid-connected
capacity has increased to as much as 30 MW. 'Renewable energy production
must be in harmony with food production,' said Dr. Thomas Berger, KTG Board
member in charge of the energy subsidiary. 'This is why three of our plants
already use exclusively intercrops and waste products as feedstock.'
Overall, intercrops and waste products account for over 60 percent of the
total feedstock used by KTG Energie - and rising.
The outlook on 2012 was equally positive. 'We are very satisfied with the
grain harvest, which has brought the right yield, quality and price,' said
a happy Ulf Hammerich, Board member in charge of the farming department.
Moreover, KTG Agrar has extended the value chain in the food market by
taking over Frenzel Tiefkühlkost. Says Siegfried Hofreiter: 'We have
successfully completed the integration of Frenzel in the meantime and will
double our sales revenues in the food segment in 2012.' KTG Agrar will
continue its growth in the full year 2012. The expansion of the high-margin
biogas activities and the high prices of agricultural resources will have a
positive impact on the Group's bottom line.
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. As of 30 Jun 2012, the
company has biogas plants with a production capacity of 30 megawatts on the
grid; a number of other plants are either under construction or under
development. This total capacity is sufficient to supply close to 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 40 people and reported 2011 sales of EUR 21.5 million
as well as an operating profit (EBIT) of approximately EUR 4 million.
CONTACT
Investor Relations / Presse
Fabian Lorenz
IR.on AG
Phone: +49 221 914097-6
E-mail: fabian.lorenz(at)ir-on.com
End of Corporate News
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Language: English
Company: KTG Agrar AG
Ferdinandstr. 12
20095 Hamburg
Germany
Phone: +49 (0)40-303 76-47
Fax: +49 (0)40-303 76-799
E-mail: presse(at)ktg-agrar.de
Internet: www.ktg-agrar.de
ISIN: DE000A0DN1J4
WKN: A0DN1J
Indices: HASPAX
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, München
(m:access), Stuttgart; Open Market (Entry Standard) in
Frankfurt
End of News DGAP News-Service
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182975 27.08.2012
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