DGAP-News: KTG Energie AG boosts its operating result by over 80% in H1 2013
(firmenpresse) - DGAP-News: KTG Energie AG / Key word(s): Half Year Results/Bond
KTG Energie AG boosts its operating result by over 80% in H1 2013
05.09.2013 / 09:12
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KTG Energie AG boosts its operating result by over 80% in H1 2013
- EBIT up 83% to EUR 4.8 million
- Sales revenues climb 80% to EUR 24.0 million
- Production capacity up 34% to 41 MW
- Expansion target: over 50 MW by 2015
- Operational objectives: Continued strong sales and earnings growth
Hamburg, 5 September 2013 - KTG Energie AG (ISIN: DE000A0HNG53), a German
producer of renewable energy from biogas, continues its dynamic growth also
in 2013. 'We have again been able to reconcile the conflicting demands of
the expansion of our production capacity and strong sales and earnings
growth,' said Dr. Thomas Berger, CEO of KTG Energie. 'Our 40 megawatts (MW)
production capacity target for 2013 was reached already at the half-year
stage.'
KTG Energie's sales revenues increased by approx. 80% from EUR 13.4 million
in the previous year to EUR 24.0 million in the first six months of 2013.
Earnings before interest and taxes (EBIT) even increased by a
disproportionate 83% from EUR 2.6 million to EUR 4.8 million. Growth is
expected to accelerate even further in the second half of the year, with
approx. EUR 50 million in sales revenues projected for the full year 2013.
As of 30 June 2013, KTG Energie had biogas plants with an electrical output
of 41 MW on line, which means that the company expanded its capacity by 34%
or 10.4 MW over the past 12 months. In the first six months of 2013 alone,
another 4.6 MW of new capacity was installed. Apart from acquiring a 3.6MW
biomethane plant in Quesitz, the company took new 500 kW plants in GroßTessin and Perleberg into operation. Besides the construction and
acquisition of plants, the company generates opportunities for sales and
earnings growth also from optimising and expanding existing biogas plants.
In the first six months of the year, KTG Energie increased the capacity of
existing plants by 1 MW, which is equivalent to additional sales revenues
of approx. EUR 1.6 million.
Positive outlook: Profitable growth, capacity expansion, dividend
KTG Energie is optimistic about the future. The company has set itself a
rated capacity target of 50 MW by the year 2015. Plants with a total
capacity of approx. 8 MW are currently being built at various locations,
with another 10 MW at the planning stage. The company also intends to
acquire existing biogas plants. 'Our capacity expansion targets and our
current profitability means that the conditions are in place for our
company to continue growing and to start paying out sustainable dividends,'
said Olaf Schwarz, CFO of KTG Energie AG.
The full six-month report will be published at www.ktg-energie.de in
mid-September 2013.
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 40 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 65 people and reported 2012 sales of EUR 31.6 million
as well as an operating profit (EBIT) of approximately EUR 6 million.
CONTACT
Investor Relations / Press
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 Energie AG
Ferdinandstr. 12
20095 Hamburg
Germany
Phone: +49 40 76755372
Fax: +49 40 76755374
E-mail: info(at)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
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