DGAP-News: KTG Agrar AG signs contracts worth several million euros at Anuga food fair
(firmenpresse) - DGAP-News: KTG Agrar AG / Key word(s): Incoming Orders
KTG Agrar AG signs contracts worth several million euros at Anuga food
fair
14.10.2013 / 08:50
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KTG Agrar AG signs contracts worth several million euros at Anuga food fair
- Regional produce is scarce and in high demand
- Food retailers place orders in excess of EUR 10 million with Frenzel
Tiefkühlkost
- Manschnow plant increases the production capacity
- Presentation of new 'Die Landwirte' brand
Hamburg, 14 October 2013 - Regional food products are in high demand - this
is the positive conclusion drawn by KTG Agrar AG (ISIN: DE000A0DN1J4), one
of Europe's leading agricultural companies, after the Anuga show in
Cologne, the world-leading food fair. During the five-day event, some 6,600
exhibitors and over 150,000 visitors turned the city on the Rhine into the
capital of the food industry. One of the great trend themes of this year's
event were German regional specialities. KTG Agrar caters to this trend
with the high-quality products of its 'Frenzel Tiefkühlkost' and
'Bio-Zentrale' brands. On the occasion of the Anuga fair, the company also
introduced the new 'Die Landwirte' brand, which offers regional products
from 18 farms of the KTG Group such as muesli, vegetable oils, stir frys
and flours.
'We not only held many exciting talks but also signed several major
contracts,' said Siegfried Hofreiter, CEO of KTG Agrar AG. Several leading
German food retailers have ordered additional food products - mainly frozen
vegetables and potatoe specialities - worth approx. EUR 12 million from
Frenzel Tiefkühlkost for the 2013/2014 season.
To process the additional regional produce, Frenzel Tiefkühlkost has rented
another plant in Manschnow, east of Berlin, and secured a purchase option.
Says Siegfried Hofreiter: 'We are very pleased that Frenzel Tiefkühlkost
has performed so well since the 2011 takeover and has excellent grow
prospects.' The frozen food specialist from Ringleben not only provided the
trade visitors with an overview over its range of approx. 200 products, but
also presented numerous new products such as the 'Herzhafte Duett', cabbage
roulades with potato dumplings. The meat and the cabbage are produced
regionally and taste like home-made. The new cream spinach from Frenzel
contains 0% milk and is lactose, gluten and cholesterol-free, making it the
ideal choice not only for vegans and people suffering from lactose
intolerance. Other new additions to the product range are 'Rustika' carrots
in honey/ginger sauce and frozen pancakes for toasting.
An integrated concept from the field to the plate
The Anuga fair has confirmed that KTG Agrar has chosen the right time to
extend its value chain from the cultivation of organic and conventional
food crops - for which the company cultivates some 40,100 hectares in east
Germany and Lithuania - to the production of food such as fresh packed
vegetables, frozen products and convenience food. KTG Agrar plans to
increase its sales revenues in the Food segment to clearly in excess of EUR
100 million over the next two to three years.
About KTG Agrar
With cultivable land of more than 40,000 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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14.10.2013 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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234393 14.10.2013
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Datum: 14.10.2013 - 08:50 Uhr
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News-ID 305306
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