DGAP-News: German Pellets increases Group turnover in 2012 to more than 500 m. Euro
(firmenpresse) - DGAP-News: German Pellets GmbH / Key word(s): Final Results
German Pellets increases Group turnover in 2012 to more than 500 m.
Euro
12.06.2013 / 16:16
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Pellet producer continues on its course of success / EBITDA grows by 10 m.
Euro to reach 39.6 m. Euro
Wismar, 12 June 2013: German Pellets GmbH, largest producer of wood pellets
worldwide, has expanded its leading position in the 2012 business year.
Based on provisional figures, Group turnover grew from 286 m. Euro to 519
m. Euro. Earnings before interest, taxes, depreciation and amortisation
(EBITDA) grew to a level of 39.6 m. Euro (2011: 29.6 m. Euro); earnings
before interest and taxes (EBIT) increased by 8 m. Euro to reach 23.4 m.
Euro.
The positive development in business results from the strong demand for
wood pellets in almost all Western European countries. Double-digit growth
rates for pellet-based heating units and pellet stoves have led to
increasing demand for wood pellets in the private consumer market. The
corporate client sector has also recorded substantial growth, for instance
in supplying heating to residential-property companies, as well as clinics
and industrial enterprises. The power-station sector should also be named
as a driver of growth, due to the expansion of biomass-fuelled power
stations in the United Kingdom, producing electricity and heating from wood
pellets. Likewise, the takeover of the Austrian Glechner Group, effective
as of 1 January 2012, contributed to the growth in turnover. In acquiring
the Glechner Group, German Pellets expanded its production and sales
capacity in Austria, an important market for pellets. Overall, German
Pellets proved to be in a position to expand its leading position in its
Western European sales markets over the last business year. For the first
time, FireStixx Holz-Energie GmbH, taken over in the middle of business
year 2011, was also consolidated 100 %.
'The development in turnover and earnings in 2012 fulfilled our
expectations. Our sales network, and thereby also sales in our core markets
- Germany, Austria, Denmark, Italy and Belgium - have grown more rapidly
than expected. Added to this, the power-station sector in the United
Kingdom has become a further important market. At the same time, in
expanding production capacity in the USA, we are ensuring a secure supply
of pellets', notes Peter H. Leibold, Managing Partner of German Pellets
GmbH.
Positive prospects for the pellet sector
The global pellet market continues to offer good growth opportunities.
Pöyry Management Consulting concludes that the demand for pellets is
growing by approximately 15 % p.a. on average, and is set to reach 58 m.
tonnes in 2020. Key drivers in the private-customer sector are pellets'
price advantage compared to fossil-based fuels (up to 40 % in relation to
oil and gas) and the trend towards sustainable and crisis-proof supply of
heating. The high number of old and inefficient heating units in Western
Europe, needing to be substituted in the years to come, will further fuel
the market for wood pellets. Take Germany as an example: more than 3 m.
heating units are more than 24 years old and attain low levels of
efficiency.
In the medium-sized customer segment (industry and trade), there is a
continued expansion in the numbers of wood-pellet-based heating systems
installed. Beyond this, large energy-supply companies in Europe, above all
in the United Kingdom, are to an increasing degree completely converting
their power stations to pellets, or respectively it is specifically planned
to do so.
Overall, German Pellets is taking it as its basis that the course of growth
will continue. The quantities produced by German Pellets in its facilities
in the USA are taking on strategic significance. They will contribute to
covering the demand for pellets in Europe. The first site, in Texas, is
currently entering the production stage. Construction will start in the
near future for a second facility, in the wood-rich state of Louisiana.
Long-term supply contracts have already been concluded for both sites with
European energy-supply companies.
The complete Group accounts for the German Pellets Group will be published
at the end of June 2013.
About German Pellets GmbH
German Pellets GmbH was founded in 2005 in Wismar (Mecklenburg-Vorpommern)
and has developed into the largest producer of wood pellets worldwide. At
15 sites in Germany, Austria and the USA, German Pellets is producing wood
pellets and also animal-hygiene products. Wood pellets are small sticks of
wood produced from wood chips. This renewable energy source offers a
variety of opportunities for use - in private households, industry and
commerce, and also in power plants producing electricity and heating.
Press Contact
Claudia Röhr
T: +49 (0)3841 30306-412
F: +49 (0)3841 30306-9400
claudia.roehr(at)german-pellets.de
www.german-pellets.de
End of Corporate News
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216136 12.06.2013
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Datum: 12.06.2013 - 16:16 Uhr
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