DGAP-News: KTG Agrar AG reports good start to 2013 harvesting season
(firmenpresse) - DGAP-News: KTG Agrar AG / Key word(s): Miscellaneous/Bond
KTG Agrar AG reports good start to 2013 harvesting season
06.08.2013 / 09:30
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KTG Agrar AG reports good start to 2013 harvesting season
- Harvest of winter millet exceeds prior year level
- Cultivation of potatoes expanded significantly
- Market capitalisation climbs to over EUR 100 million
Hamburg, 6 August 2013. KTG Agrar AG (ISIN: DE000A0DN1J4) has had a good
start to the 2013 harvesting season. The agricultural company has just
completed the harvest of winter millet. The yield per hectare exceeds the
prior year level, and the quality is good, too. Wheat and rapeseed will be
harvested in the coming weeks. 'In spite of the turbulent weather, with
heavy rains followed by heat, we are optimistic about the current season,'
says Siegfried Hofreiter, CEO of KTG Agrar AG. 'The relation between costs,
harvest levels and sales prices is good.' The company not least benefits
from the strong diversification of its farmland from Thuringia to
Brandenburg to Lithuania.
In the 2013 season, which ends in November, KTG Agrar will harvest over
39,000 hectares, on which the company grows conventional and organic grain,
maize and rapeseed. KTG Agrar also stores biomass for the production of
biogas. The company has significantly expanded the land used to grow
potatoes and will benefit from high prices.
Says Siegfried Hofreiter: 'Today more than ever before, agriculture is an
industry with huge potential. At present, for instance, a sharp drop in
potash prices is on the cards, from which we will benefit in 2014. This
potential is being discovered by more and more investors.' KTG Agrar's
market capitalisation climbed to over EUR 100 million as of the end of
July.
About KTG Agrar
With cultivable land of more than 39,000 hectares, KTG Agrar AG (ISIN:
DE000A0DN1J4) is one of the leading producers of agricultural commodities
in Europe. As an integrated supplier, the company produces agricultural
commodities and renewable energy and food. The Hamburg-based company's core
area of expertise is the organic and traditional cultivation of market
products such as cereals, maize and rapeseed. For organic market products
KTG Agrar is the European market leader. The company mainly produces in
Germany but has also operated production in the EU member state of
Lithuania since 2005. As a result of the takeover of Frenzel Tiefkühlkost
and Biozentrale Naturprodukte, KTG has expanded the value chain by the
production of food. In the year 2012, KTG achieved a total output of EUR
168 million and EBIT of EUR 29.5 million. Since November 2007 the company
is listed on the Frankfurt Stock Exchange and had 591 employees at year end
2012. Further information can be found at www.ktg-agrar.de.
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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06.08.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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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, DE000A1H3VN9, DE000A1ELQU9,
WKN: A0DN1J , A1H3VN, A1ELQU
Indices: HASPAX
Listed: Freiverkehr in Berlin, Düsseldorf, Hamburg, München
(m:access), Stuttgart; Frankfurt in Open Market (Entry
Standard)
End of News DGAP News-Service
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224366 06.08.2013
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Unternehmensinformation / Kurzprofil:
Datum: 06.08.2013 - 09:30 Uhr
Sprache: Deutsch
News-ID 284834
Anzahl Zeichen: 5382
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Kategorie:
Business News
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