DGAP-News: KTG Agrar AG: 2011 harvest brought in from 35,000 hectares
(firmenpresse) - DGAP-News: KTG Agrar AG / Key word(s): Miscellaneous
KTG Agrar AG: 2011 harvest brought in from 35,000 hectares
30.11.2011 / 07:53
---------------------------------------------------------------------
KTG Agrar AG: 2011 harvest brought in from 35,000 hectares
- 150,000 tons of grain, maize and rapeseed harvested
- 250,000 tons of intercrops for biogas production
- Harvest already sold at good prices
- Growing interest in farmland as real asset investment
Hamburg, 30 November 2011 - 'We are satisfied with our 2011 harvest,' says
Ulf Hammerich, Management Board member of KTG Agrar AG [ISIN:
DE000A0DN1J4], who looks back on a good crop year. In the past summer and
autumn months, the agricultural company has brought in the harvest from
more than 35,000 hectares in east Germany and Lithuania. Overall, the
company has harvested some 150,000 tons of conventional and organic grain,
maize and rapeseed, which makes KTG Agrar one of the largest producers of
agricultural commodities in Western Europe. Moreover, the company has
stored over 450,000 tons of silage for its own renewable energy production
activities. More than half of this comes from intercrops such as millet and
grass. Says Ulf Hammerich: 'We began to sell our harvest already last year
and have thus secured the high price level.'
There was a major difference between the development of winter and summer
crops this year. Winter grain and rapeseed were affected by the dry spring
and the rain during the harvest season, which is why harvests were slightly
lower than last year. This was more than offset by higher sales prices,
though. Maize and intercrops benefited from the summer rain, which led to
very large harvests of maize, maize silage and intercrops.
KTG Agrar currently farms 35,000 hectares of land in east Germany and
Lithuania, which means that the company operates in regions that benefit
from favourable conditions. On the one hand, good soil and sufficient
precipitation ensure stable harvests. On the other hand, the short
transport routes to the processors keep transport costs low. The excellent
environment for farming has recently been confirmed by agricultural expert
Harald von Witzke, a professor at Humboldt University in Berlin, who calls
Germany 'an exceptionally favourable location'. This will turn out to be an
even bigger advantage in times of climate change. The global demand for
food and energy is on the increase, due to factors such as the growing
world population, urbanisation and changing eating habits. KTG Agrar
benefits from these mega trends and will continue its profitable growth in
the coming years regardless of the economic situation.
The trend in farmland prices also shows that Germany and Lithuania, in the
heart of Europe, benefit from excellent conditions for farming. According
to the Federal Statistical Office, the price per hectare in east Germany
increased by over 20 percent in 2010, with similarly strong growth reported
in Lithuania. Some 7,300 hectares or approx. 21 percent of the total are
owned by KTG Agrar. Says CEO Siegfried Hofreiter: 'In the current
macroeconomic situation, interest in farmland as a real asset investment
continues to grow. For an agricultural company like ours, farmland is much
more than an investment, it is the very basis of our business. It is
nevertheless reassuring to know that we have built up considerable hidden
reserves in the meantime.' The company will continue to invest in farmland,
which is one of the most stable asset investments.
After the good harvest, nothing stands in the way of a successful close to
the fiscal year 2011. The biogas segment will again make a contribution to
the successful performance. In the meantime, KTG Agrar produces over 20
megawatts (MW) of clean energy. Additional plants with a combined capacity
in excess of 10 MW are already under construction. This means that, by
2012, the company will have tripled its capacity for the production of
renewable energy to over 30 MW in the course of only two years.
About KTG Agrar:
With cultivable land of around 35,000 hectares, KTG Agrar AG 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 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 20 megawatts. As a result of
the takeover of Frenzel Tiefkühlkost in 2011, KTG has expanded the value
chain by the production of food. In the year In the year 2010, KTG achieved
a total output of EUR 70.8 million and EBIT of EUR 13.4 million. Since
November 2007 the company is listed on the Frankfurt Stock Exchange and has
currently about 400 employees. Further information can be found at
www.ktg.ag.
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
---------------------------------------------------------------------
30.11.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------
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
WKN: A0DN1J
Listed: Freiverkehr in Berlin, Düsseldorf, München, Stuttgart;
Open Market (Entry Standard) in Frankfurt
End of News DGAP News-Service
---------------------------------------------------------------------
148049 30.11.2011
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 30.11.2011 - 07:53 Uhr
Sprache: Deutsch
News-ID 92305
Anzahl Zeichen: 5587
contact information:
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 300 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"DGAP-News: KTG Agrar AG: 2011 harvest brought in from 35,000 hectares"
steht unter der journalistisch-redaktionellen Verantwortung von
KTG Agrar AG (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
