DGAP-News: KTG Agrar: Farmland reaches size of 47,000 soccer pitches
(firmenpresse) - DGAP-News: KTG Agrar AG / Key word(s): Miscellaneous
KTG Agrar: Farmland reaches size of 47,000 soccer pitches
14.04.2011 / 07:30
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- Farmland expanded by 3,000 ha to 33,500 ha
- Most of the 2011 harvest sold
- Very decent margin expected for 2011
Hamburg, 14 April 2011 - KTG Agrar AG (ISIN: DE000A0DN1J4) expanded its
position as a leading European agricultural company last year and has
started the 2011 season on an optimistic note. Compared to March 2010, the
company's farmland in east Germany and Lithuania increased by roughly 3,000
hectares. Specialising in the cultivation of organic and conventional food
crops, KTG Agrar now manages some 33,500 hectares, which is equivalent to
the size of about 47,000 soccer pitches.
Approx. 26,400 hectares are located in east Germany, with 7,100 situated in
Lithuania. The company has been active in the full EU member state since
2005. At approx. 4,000 hectares, this is where most of the company-owned
farmland is situated; in east Germany KTG owns approx. 2,500 hectares. The
remaining farmland is leased under long-term contracts for more than ten
years.
'We have operated in the agricultural sector for over 15 years,' says
Siegfried Hofreiter, CEO of KTG Agrar. 'Our farms are firmly rooted in east
Germany and Lithuania, and in the meantime we primarily grow through
farmland that is actively being offered to us.' KTG Agrar intends to
continue its growth and plans to expand its farmland by about ten percent
per year. The potential is huge - in east Germany alone, some 1,000
agricultural businesses will have no successor in the coming years. 'The
agricultural sector has experienced a renaissance in the past years. But
unfortunately there is still a lack of young people who are interested in
our line of business', says Siegfried Hofreiter
The Hamburg-based company is optimistic about the year 2011. By adding to
its farmland, KTG Agrar has already laid an important foundation. Moreover,
the company took advantage of the high prices of agricultural commodities
and sold about 60 percent of the 2011 harvest in the past months. At this
stage, everything suggests that the harvest will be good, as the winter
grain sown in the autumn has fared well through the cold months.
'We bought our main supplies such as potash and nitrogen for 2011 at low
prices in the first half of 2010, which is why we expect a very good EBIT
margin for this year,' says Siegfried Hofreiter. On the cost side, the
company additionally benefits from the operation of its own biogas plants.
The fermentation residues produced in these plants is an excellent natural
fertiliser, which reduces the company's dependence on external fertiliser
suppliers.
About KTG Agrar:
With cultivable land of more than 33,000 hectares, KTG Agrar AG is one of
the leading producers of agricultural commodities in Europe. 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 full member state of Lithuania since 2005. The third
mainstay is the production of bio-energy. At present, KTG Agrar operates
biogas plants with a total capacity of around 16 megawatts. In the year
2009, KTG achieved atotal output of EUR 59,7 million and EBIT of EUR 9.2
million. Since November 2007 the company is listed on the Frankfurt Stock
Exchange and has currently more than 200 employees. Further information can
be found at www.ktg.ag.
Contact:
Investor Relations / Press
Fabian Lorenz
IR.on AG
Tel: +49 221 914097 - 6
E-Mail: fabian.lorenz(at)ir-on.com
End of Corporate News
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14.04.2011 Dissemination of a Corporate News, transmitted by DGAP - a
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Language: English
Company: KTG Agrar AG
Ferdinandstr. 12
20095 Hamburg
Deutschland
Phone: +49 (0)40-303 76-47
Fax: +49 (0)40-303 76-799
E-mail: info(at)ktg-agrar.de
Internet: www.ktg-agrar.de
ISIN: DE000A0DN1J4
WKN: A0DN1J
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart;
Open Market (Entry Standard) in Frankfurt
End of News DGAP News-Service
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119777 14.04.2011
Datum: 14.04.2011 - 07:30 Uhr
Sprache: Deutsch
News-ID 33780
Anzahl Zeichen: 0
contact information:
Kategorie:
Business News
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